614 Prospect Street, Elyria, OH 44035

$399,000
Active for Sale
 
Listing ID 11666469
Property Type Commercial
County Lorain
Township Elyria
Total Tax $5,402
Tax ID 06-25-006-114-025
FEMA Flood Map fema.gov/portal
Year Built 1959
Virtual Tour
This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a prime, high-visibility location in Elyria. The building is fully occupied by three tenants-a convenience store, bakery and Church currently generating $3150 per month in gross income. This freestanding brick plaza features frontage on Prospect Street, one of the city's main thoroughfares, ensuring outstanding exposure and accessibility. The property also offers ample on-site parking for customers and employees & benefits from strong foot traffic. It is surrounded by a healthy mix of residential neighborhoods, retail establishments, and service-oriented businesses. Its central location provides convenient access to major highways and is just minutes from downtown Elyria. With stable tenancy, strong visibility, and a desirable location, this turnkey property presents an excellent opportunity for investors seeking reliable cash flow and long-term value. Please do not disturb tenants.
Property Details
  • 0.38 Acres
  • Built in 1959
Interior Features
  • Forced Air
  • Gas Fuel
  • Central A/C
Exterior Features
  • Community Water
  • Community Septic
  • Subdivision: Harvard Ave
Taxes and Fees
  • $5,402 Total Tax
  • Tax Year 2025
Listed By
Howard Hanna
Office: 330-650-0101
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