501 Lake Avenue Elyria, OH ^$ 174,000

501 Lake Avenue

^$ 174,000

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501 Lake Avenue

Elyria, OH, 44035

^$ 174,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 1,086

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501 Lake Avenue, Elyria, OH 44035 - Image 13

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Commercial Property for sale in Elyria, OH

for $174,000. This building was built in 1960 on a lot size of 0.1.

Former bakery catering service still currently running out of building, can be divided up to have two storefronts or one large business out of building. Alot of catering and ovens will go with the building.

Commercial Active

Price

^$ 174,000

Property Type

Commercial

Taxes

^$ 3,715

Style

Lot Size

0.1

Year Built

1960

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

5152708

Features

General

Heating Gas

Possession Delivery Of Deed

Year Built 1960

Township Elyria

Property Subtype Retail

Tax Year 2024

County Lorain

Property Type Commercial Sale

Attached Garage false

Subdivision Name Nichols

Status Active

Directions West off Lorain Blvd

City Elyria

High School District Elyria CSD - 4706

Zoning Description Retail

Lot Size Units Acres

Tax Annual Amount 3715

Building Area Units Square Feet

Living Area Units Square Feet

Standard Status Active

Middle/Junior School District Elyria CSD - 4706

Elementary School District Elyria CSD - 4706

Year Built Source Public Records

Property Sub Type Additional Retail

Legal Description NICHOLS 45 X 999.57

Interior

Heating Y/N true

Main Level Bathrooms 0

Total Baths 0

Exterior

Lot Size Area 0.1

Building Area Total 5288

Lot Size Acres 0.1

Lot Size Source Public Records

* Excluded Features

List By

Roger L Nair

Listing Agent

Home Equity Realty Group

Broker

rnairair55@gmail.com

Affordability Calculator

$1,395

Per Month

Monthly Principal & Interest: $1,086
Monthly Property Taxes: $310
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Elyria, OH

Average List Price ^$398,038

Percent of Sale Price 129%

About Elyria, OH

53,416 Population

-4% Since 2002

^$41,229 Median Income

39.72 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4457899 Elementary School

4458036 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/10/2025	$174,000	-5.43%	Price Down
9/17/2025	$184,000		Listed Price

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501 Lake Avenue, Elyria, OH, 44035 is a Commercial Property for sale at $174,000 with a lot size of 0.1. 501 Lake Avenue was built in 1960. The property's zip code is 44035 which is in Elyria, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the YES MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the YES MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/27/2025.

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501 Lake Avenue

Commercial Property for sale in Elyria, OH

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