1115 East Avenue Elyria, OH ^$ 165,000

1115 East Avenue

^$ 165,000

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Recently Listed

1115 East Avenue

Elyria, OH, 44035

^$ 165,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 1,016

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Commercial Property for sale in Elyria, OH

for $165,000. This building was built in 1921 on a lot size of 0.1.

4-unit investor special! 2 buildings, one building on George St has 3 apartments, and the second building is the storefront. Total rents would be approximately $3000/mo fully-rented, professional management in place. Sturdy brick construction with newer roofs and vinyl siding, plus many updates such as: newer furnaces (one unit is heated by a boiler), storefront has central AC, upgraded electric panels, newer hot water tanks, separately-metered gas and electric, plus a 1-car garage. Great location near shopping, schools, freeway access and more! Just a little work to get this building up and running again.

Commercial Active

Price

^$ 165,000

Property Type

Commercial

Taxes

^$ 4,405

Style

Lot Size

0.1

Year Built

1921

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

5203285

Features

General

Sewer Public Sewer

Heating Forced Air Gas Hot Water Steam

Cooling Central Air

Possession Delivery Of Deed

Roof Asphalt Fiberglass

Year Built 1921

Stories Count 2

Township Elyria

Levels Two

Property Subtype Retail

Tax Year 2024

Current Use Multi-Family Mixed Use Retail

Business Type Convenience Store

County Lorain

Property Type Commercial Sale

Attached Garage false

Garage Y/N true

Status Active

Directions East Ave corner of George St

City Elyria

Disclosures Principal is Real Estate Licensed

High School District Elyria CSD - 4706

Zoning Description See Remarks

Lot Size Units Acres

Tax Annual Amount 4405

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 Mixed Use

Cap Rate 12

Legal Description Mixed use Commercial/retail and Multi-family

Interior

Basement Unfinished

Total Stories 2

Basement (Y/N) true

Air Conditioning Y/N true

Heating Y/N true

Main Level Bathrooms 0

Total Baths 0

Exterior

Parking Features Garage

Water Source Public

Total Parking 2

Lot Size Area 0.1

Number of Buildings 2

Building Area Total 3920

Lot Size Acres 0.1

Lot Size Source Public Records

Waterfront Y/N false

* Excluded Features

List By

Jad Sandi

Listing Agent

Lpt Realty

Broker

Sandirealestate@yahoo.com

Affordability Calculator

$1,383

Per Month

Monthly Principal & Interest: $1,016
Monthly Property Taxes: $367
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$380,029

Percent of Sale Price 130%

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
4/21/2026	$165,000		Listed Price

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1115 East Avenue, Elyria, OH, 44035 is a Commercial Property for sale at $165,000 with a lot size of 0.1. 1115 East Avenue was built in 1921. 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 6.25% 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 4/22/2026.

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1115 East Avenue

Commercial Property for sale in Elyria, OH

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