500 Middle Avenue, Elyria, OH 44035

$139,900
Active for Sale
 
Listing ID 11628348
Property Type Commercial
County Lorain
Township Elyria
Total Tax $4,851
Tax ID 06-26-043-000-001
FEMA Flood Map fema.gov/portal
Year Built 1930
Virtual Tour
What a great building for versatility. You have almost 10,000 sqft of building space (including the roughed in walls on the 2nd story) near downtown Elyria that offers widespread business opportunities with high traffic and visibility benefits. Location, Location, Location! Consider having one large business with separate departments, or since there's 4 separate entrances, and walls dividing the space, it can be a great rental for 3 separate businesses, as well as an unfinished 2nd story area that can be transformed into 2 or more apartments, or more bonus space too. This building can be a clean slate to bring your business ideas, architect and contractor to bring it back to its fullest potential. Refer to the uploaded B-N Business district permitted and conditionally permitted zoning use list. The facade may qualify for the Cities Business Dvlpmt Grant and/or low cost financing for interior improvements as well. Contact Dawn Colvert (Asst safety service director for Elyria) for more details. Buyers are encouraged to do their own Due Dilligence. It has been vacant for many years with minimal knowledge and/or guarantees about the condition. The primary parking lot included with this purchase is across the street on 5th street (It has a garage on it). The lot can accomodate 15 cars with the garage intact, and 18 cars without the garage, and 3 more parking spots behind this building. Sellers recommend including the 2 story home behind the building as a package deal (refer to MLS#5178621) for the land to expand more parking spaces (if needed). It's highly recommended to view the buildings during daylight hours & bring your own flashlights. WARNING:The property may contain mold/fungal growth. Visitors viewing the property with sensitivities should be aware of this and are advised to wear appropriate protective coverings as they feel fit. Entry is at the visitor's discretion. Building is being sold in its As-is current condition. Please qualified CASH Buyers only.
Property Details
  • 0.28 Acres
  • Built in 1930
  • 2 Stories
  • Vacant Occupancy
  • Partial Basement
Interior Features
  • Baseboard
  • Hot Water
  • Gas Fuel
Exterior Features
  • Asphalt Shingles Roof
  • Flat Roof
  • Community Water
  • Community Septic
Commercial Info
  • Uses: Accounting,AdministrativeAndSupport,Bakery,BarTavernLounge,Convalescent,DanceStudio,Distribution,Fitness,Furniture,HealthServices,Mixed,OfficeSupply,Other,RealEstate,Restaurant,Retail,Warehouse
Taxes and Fees
  • $4,851 Total Tax
  • Tax Year 2024
Listed By
Howard Hanna
Office: 440-365-8392
Howard Hanna
Office: 440-365-8392
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