For Sale
$4,380,000

2200 River RdElyria, OH 44035

Prime 18-acre development site in Elyria, Ohio.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 18.09-acre commercial land parcel, located at 2200 W River Rd N, Elyria, OH 44035, presents a unique investment opportunity. Zoned General Business (BG), this property boasts 1902 linear feet of frontage, with approximately two-thirds featuring four lanes, creating outstanding out-lot potential. The site benefits from convenient access to five freeways, further enhanced by proximity to the Ohio Turnpike. Situated in the heart of Lorain County, this location is surrounded by a thriving population center of 312,964, with the two largest cities, Lorain and Elyria, conveniently located nearby. The area demonstrates strong occupancy rates, with seven office buildings surrounding the site exhibiting less than 0.1% vacancy, and an eighth located adjacent. A three-star-rated childcare facility is conveniently located next door. A portion of the property is zoned for a gas station, and rezoning is possible to accommodate various development plans. A Phase I environmental assessment has already been completed. The property also includes an 8,235 square foot expandable brick office building, which, after rehabilitation, is projected to lease at $15 per square foot. The absence of freestanding drug stores, dialysis centers, and urgent care facilities in the area presents a significant opportunity for new development. Tax incentives may be available, reflecting the city and county's proactive approach to economic development. The property is identified by APN numbers -050, -054, -055, -056, and -057, and is currently owned by 441 Griswold LLC. The asking price is $4,380,000, translating to $242,123 per acre.

Highlights

  • 1902 linear feet of frontage, two-thirds with four lanes; excellent outparcel potential.
  • Phase I environmental site assessment complete.
  • 8,235 square foot expandable brick office building; planned post-renovation lease rate: $15 per square foot.
  • Absence of competing freestanding drug stores, dialysis centers, or urgent care facilities in the trade area.

Property Details for 2200 River Rd

Property type
Land
Lot Size (sq. ft)
788,000 SF

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.4005495
Longitude
-82.1077632
2200 River Rd, Elyria, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2200 River Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message