41957 N Ridge RoadElyria, OH 44035

41957 N Ridge RoadElyria, OH 44035

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$799,000 Active
Commercial - Business MLS 5150026

Listed By

Agency Name: CENTURY 21 Asa Cox Homes
Agency Phone: 440-639-0002

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Prime Commercial Investment Property High-Visibility Location in Elyria, OH. Strategically located on one of Elyria's busiest thoroughfares, this commercial ensemble offers exceptional visibility and accessibility?making it ideal for savvy investors or owner-operators. Large Income-Producing Warehouse (80 ?? 32 ft) presently used for storage rental income. The three commercial units are within a single building, this space offers a multi-purpose building suitable for light retail or service enterprises?think car dealership, a tattoo studio, hair salon, boutique, or small office setup?further enhancing rental or owner-occupied possibilities. Also offers a fenced-in area?perfect for vehicle display, outdoor inventory, etc. Situated on a high-traffic road with excellent visibility, offering invaluable branding and customer reach opportunities. Flexible ownership models: Use one building yourself while leasing others, cultivate a mixed-use portfolio, or adapt to changing market demands. Rear property entrance/exit. Close to I-90, SR-57, and the Ohio Turnpike?making it ideal for both customers and commercial logistics. Call to schedule a tour today!

41957 N Ridge Road | MLS# 5150026

This commercial property located at 41957 N Ridge Road, Elyria, OH 44035 is currently listed for sale with an asking price of $799,000. N Ridge Road is located within the Elyria City school district. Search Elyria real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Days on Market: 2
Heating: Forced Air
Lot Size: 1.03 Acres
Taxes: $10,540 / year

Feature Descriptions

Parcel#: 06-22-018-102-012

Local Schools

School District: Elyria City

Demographics

Lorain County Demographic Information for 41957 N Ridge Road, Elyria, OH 44035
Fips
Fips Code 39093
Population
2020 to 2025 Change up 3.3%
2010 Count 301,356
2020 Count 312,964
2025 Estimate (V2025) 323,219
2020 Estimate (V2025) 312,956
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 21.1%
18 to 64 53.0%
65 and Older 20.7%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 3.1%
US 96.9%
Education
High School Graduate, Age 25+ 91.8%
Bachelor's Degree or Higher, Age 25+ 28.5%
Computer and Internet use
Households with a computer 94.8%
Households with a broadband Internet subscription 88.9%
Language
English is Second Language, Age 5+ 7.8%
English is First Language, Age 5+ 92.2%
Veterans
Veterans 18,512
Income
Per Capita Income $40,798
Median Household Income $73,347
People in Poverty 10.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 127,544
Average Household Size 2.42
Owner-Occupied 74.0%
Multi-Family 17.0%
Owner-Occupied Median Value $223,200
Median selected monthly owner costs -with a mortgage $1,525
Median selected monthly owner costs -without a mortgage $629
Median gross rent $966
Building Permits
New Private Housing Issued 2024 1,331
Years at Residence
1 Year or More 90.9%
Less Than 1 Year 9.1%
Business and Employment
Private non-farm Establishments 5,664
Private non-farm Employment 89,159
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,949
Number of Firms 4,759
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614

Source: US Census Bureau