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632 Cleveland St 4,632 SF Office Building Elyria, OH 44035 $209,000 ($45.12/SF)
INVESTMENT HIGHLIGHTS
- Prime Location & High Visibility – Situated at the corner of Cleveland Road and N. Abbe Road
- Two residential units generating immediate income ($700 + $900 month-to-month)
- Versatile Commercial Space – The first floor is ideal for specialty retail, medical offices, law firms, or salons
- Ample Parking & Key Amenities
EXECUTIVE SUMMARY
Prime mixed-use building at a high-traffic, signalized corner (Cleveland Rd & N. Abbe Rd) offering excellent visibility and strong commercial presence. The first-floor office/retail suite is ideal for retail, medical, legal, or personal services, with multiple private offices and two large meeting/reception areas. A one-bedroom unit on the main level produces $700/month (month-to-month).
The second floor features a three-bedroom apartment rented at $900/month (month-to-month), providing immediate income with value-add potential. The lower level, previously used as residential, includes additional kitchens, bathrooms, and large open areas suitable for future conversion or storage.
Property highlights include separate utilities, central air, vinyl windows, on-site laundry, and parking for 23 vehicles. Excellent owner-user or investment opportunity with multiple income streams and convenient access to major roads and highways.
The second floor features a three-bedroom apartment rented at $900/month (month-to-month), providing immediate income with value-add potential. The lower level, previously used as residential, includes additional kitchens, bathrooms, and large open areas suitable for future conversion or storage.
Property highlights include separate utilities, central air, vinyl windows, on-site laundry, and parking for 23 vehicles. Excellent owner-user or investment opportunity with multiple income streams and convenient access to major roads and highways.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,632 SF
Building Class
C
Year Built
1920
Price
$209,000
Price Per SF
$45.12
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,316 SF
Building FAR
0.29
Lot Size
0.37 AC
Zoning
B-N Business Neighborhood
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PROPERTY TAXES
| Parcel Number | 06-25-021-106-056 | Improvements Assessment | $62,843 |
| Land Assessment | $23,174 | Total Assessment | $86,016 |
PROPERTY TAXES
Parcel Number
06-25-021-106-056
Land Assessment
$23,174
Improvements Assessment
$62,843
Total Assessment
$86,016
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632 Cleveland St
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