901 Cleveland StElyria, OH 44035

Property Details for 901 Cleveland St

Lot size

18.05 AC

Property size (Sq ft)

149,494 SF

Property type

Industrial properties

APN

06-25-009-000-008

APU

625009000008

Description

This exceptional industrial property, located at 901 Cleveland Street in Elyria, Ohio, presents a significant leasing opportunity. The single-tenant warehouse boasts a substantial 450,300 square feet of space, all currently vacant and ready for immediate occupancy. Situated on a generous 36-acre lot, the property offers ample room for expansion or future development. The warehouse features impressive ceiling heights ranging from 14 to 22 feet, providing significant vertical storage capacity. Loading and unloading are facilitated by 23 loading docks and 4 drive-in doors, ensuring efficient logistics. Parking is abundant, with over 600 spaces available, including over 400 conveniently located on the east side of the property. The property is powered by a robust electrical system, including a 69 KV, 12,470-volt transformer and 480 3-phase power. The property is located in Lorain County, Ohio, with a zip code of 44035. This expansive warehouse is ideal for businesses requiring significant space, high ceilings, and ample parking and loading capabilities. The property's size and features make it suitable for a wide range of industrial and warehousing operations. Contact us today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $67,728,400

  6.5%

  $62,518,500

  7%

  $58,052,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,373,900

  Geo Method

  $22,373,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $30,664,000

  Mixed-Use / Specialty

  $29,455,300

  Hospitality / Lodging

  $20,179,000

  Office

  $28,135,200

  Institutional / Educational

  $30,228,700

  Residential Income

  $35,367,600

  Multifamily

  $48,512,900

  Automotive / Energy

  $25,910,300

  Parking / Income-Based Land

  $10,027,500

  Restaurant / Food Service

  $12,973,600

  Healthcare / Senior Housing

  $31,333,300

Location Insight

City

Elyria

County

Lorain

State

Ohio

Latitude

41.3772

Longitude

-82.072

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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