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401-427 Cleveland Street Elyria OH 44035
401-427 Cleveland Street Elyria OH 44035
401-427 Cleveland Street Elyria OH 44035

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100% Occupied!! The current cap rate is now 9.6%.. Possible Owner financing available at a 6% interest rate will be considered with a strong down payment. Prime commercial retail strip mall in Elyria, OH! Located in a high-traffic area near Route 57 and the Ohio Turnpike (80) on a heavily traveled street within a thriving business district. This 24,871 SQ FT building sits on 0.83 acres of valuable land. There are 9 total units by, of which eight are in the main retail strip, and the additional freestanding building (9th unit) is located directly behind the main retail strip. Tenants have a long, solid history at this plaza! With future increases in rents, the Pro Forma Cap rate will be well over 10%.

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Listed by RE/MAX Real Estate Group

Based on information submitted to MLS Now as of June 22, 2025 11:32 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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