632 Cleveland St, Elyria, OH, 44035

632 Cleveland St Elyria, OH 44035

632 Cleveland St, Elyria, OH, 44035
632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035 632 Cleveland St, Elyria, OH, 44035
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$269,000
Last Verified:
Apr 01, 2025

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Highlights

  • 1️⃣ Prime Location & High Visibility – Situated at the corner of Cleveland Road and N. Abbe Road, this mixed-use commercial property offers exceptional exposure in a thriving business district.
  • 2️⃣ Versatile Commercial Space – The first floor is ideal for specialty retail, medical offices, law firms, or salons, featuring private offices and spacious conference areas.
  • 3️⃣ Rental Income with Value Add – Upper-level units rent for $650 (2-bed) and $575 (1-bed), offering strong value-add potential. The lower level, once a rental, offers two kitchens, two bathrooms, and spacious living areas for versatile use.
  • 4️⃣ Ample Parking & Key Amenities – With 23 on-site parking spaces, central air, vinyl windows, separate utilities, and laundry facilities, this property is a turnkey investment opportunity!

Description

Prime Mixed-Use Commercial Property in High-Traffic Location on the corner of Cleveland Road and N. Abbe Road. This versatile brick building offers outstanding visibility in a bustling commercial district, making it an ideal investment for business owners and investors. The first floor is perfect for specialty retail, medical offices, law firms, or salons, featuring multiple private offices and two spacious conference rooms or lobbies. The upper level includes two rental units—a one-bedroom and a two-bedroom—currently rented for $575 and $650, offering strong value-add potential. The lower level, previously used as a residential rental, features two kitchens, two bathrooms, and large living areas. Additional highlights include separate utilities, central air, vinyl windows, laundry facilities, and ample on-site parking for 23 vehicles. Whether you choose to occupy part of the space while generating rental income or lease out the entire property, this is a prime opportunity with 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.
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