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914 Cleveland St 6,600 SF 100% Leased Retail Building Elyria, OH 44035 $1,454,991 ($220.45/SF) 9.50% Cap Rate

Retail Buildings Ohio Elyria 914 Cleveland St, Elyria, OH 44035

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INVESTMENT HIGHLIGHTS

  • High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 9.50%.
  • Attractive Rental Increase – 3.00%+ annual rent escalations offer a built-in hedge against inflation and long-term income growth.
  • Approximately 50+ parking spaces provide convenient access for customers and support the tenant’s ability to accommodate a high volume of traffic.
  • Absolute NNN Lease – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
  • Large Lot – Situated on a +1.02-acre parcel, offering strong long-term real estate value and future redevelopment potential.

EXECUTIVE SUMMARY

Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,600 SF
Building Class
C
Year Built
1972
Price
$1,454,991
Price Per SF
$220.45
Cap Rate
9.50%
NOI
$138,224
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.46
Lot Size
0.33 AC
Zoning
R2 - Multifamily
Parking
5 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
98’ on Cleveland St

AMENITIES

  • Pylon Sign
  • Signage
  • Storage Space
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Board Room
  • Retailer
  • -
  • -
  • -
  • M & M Improvement Company
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Board Room Retailer - - -
M & M Improvement Company - - - -

LINKS

1 1
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
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What is a Walk Score®
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measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Rent-A-Center
Fifth Third Bank
Powerhouse Gym
Northwest Bank
Huntington Bank
Jazzercise

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-25-069-101-002
  • 06-25-025-000-006
  • 06-25-025-000-005
 Improvements Assessment $186,631
Land Assessment $49,459 Total Assessment $236,089

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-25-069-101-002
  • 06-25-025-000-006
  • 06-25-025-000-005
Land Assessment
$49,459
Improvements Assessment
$186,631
Total Assessment
$236,089
(305) 905-3215

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 37371900

  • Date on Market: 8/21/2025

  • Last Updated:

  • Address: 914 Cleveland St, Elyria, OH 44035

More public record information on 914 Cleveland St, Elyria, OH 44035

The Retail Property at 914 Cleveland St, Elyria, OH 44035 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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914 Cleveland St
(305) 905-3215 x

914 Cleveland St

Alexander Machado
(305) 905-3215

Daniel Gonzalez
(305) 395-6972

Ben Snyder
(216) 503-3607

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