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825 Cleveland St
Elyria, OH 44035
Elyria Shopping Center · Retail Property For Sale
Investment Highlights
- Multi-Tenant Shopping Center totaling 79,428 SF situated on 7.42 acres with 285 parking spaces
- Dollar Tree (14,925 SF) operating under a 99-year ground lease providing long-term site stability
- Located along Cleveland Street (US-20), a primary retail corridor in Elyria with strong regional accessibility
- Anchored by Big Lots (63,433 SF) operating under a 7-year initial term (6/1/2025–5/31/2032) with four (4) five-year renewal options
- Property zoned Business General, allowing for broad retail and commercial flexibility
- Large format footprint provides future repositioning, subdivision, or redevelopment potential
Property Facts
Sale Type
Investment
Property Type
Building Size
79,579 SF
Building Class
C
Year Built/Renovated
1977/1989
Price
$1,150,000
Price Per SF
$14.45
Cap Rate
8%
NOI
$92,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
6.91 AC
Parking
285 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
289’ on Cleveland St
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 06-25-010-101-014 | Improvements Assessment | $733,184 |
| Land Assessment | $273,910 | Total Assessment | $1,007,094 |
Property Taxes
Parcel Number
06-25-010-101-014
Land Assessment
$273,910
Improvements Assessment
$733,184
Total Assessment
$1,007,094
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