632 Cleveland St, Elyria, OH, 44035

632 Cleveland St Elyria, OH 44035

632 Cleveland St, Elyria, OH, 44035
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$209,000
Last Verified:
Dec 04, 2025

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Highlights

  • High-traffic signalized corner with excellent visibility (Cleveland Rd & N. Abbe Rd).
  • Flexible first-floor office/retail space ideal for medical, legal, retail, or personal services.
  • Two residential units generating immediate income ($700 + $900 month-to-month).
  • Value-add potential with additional lower-level kitchens, baths, and open areas.
  • Strong building infrastructure: separate utilities, central air, vinyl windows, laundry.
  • Ample on-site parking for approximately 23 vehicles.

Description

Prime mixed-use building at a high-traffic, signalized corner (Cleveland Rd & N. Abbe Rd) offering excellent visibility and strong commercial presence. The first-floor office/retail suite is ideal for retail, medical, legal, or personal services, with multiple private offices and two large meeting/reception areas. A one-bedroom unit on the main level produces $700/month (month-to-month).

The second floor features a three-bedroom apartment rented at $900/month (month-to-month), providing immediate income with value-add potential. The lower level, previously used as residential, includes additional kitchens, bathrooms, and large open areas suitable for future conversion or storage.

Property highlights include separate utilities, central air, vinyl windows, on-site laundry, and parking for 23 vehicles. Excellent owner-user or investment opportunity with multiple income streams and convenient access to major roads and highways.

Situated at the corner of Cleveland Road and N. Abbe Road, this mixed-use commercial property offers exceptional exposure in a thriving business district.


Year Built: 1835
Building Size: 3588sq ft
Building Class: B
Lot Size: 0.38 acres

Map of 632 Cleveland St, Elyria, OH, 44035

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.