41957 N Ridge Road Elyria, OH $ 429,000
41957 N Ridge Road
$ 429,000
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41957 N Ridge Road

Elyria, OH, 44035
$ 429,000
Baths0.0 Sq 13,068

Monthly Estimate*

$ 2,851

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Studio

Commercial Property for sale in Elyria, OH

for $429,000. This 13,068 square foot building was built in 1920 on a lot size of 0.86.

Exceptional income-generating investment opportunity or ideal relocation for your business! This property encompasses three distinct structures, offering a diverse range of rental spaces: Residential Charm: A welcoming 3-bed, 1-bath home spanning 1,210 sq ft. Was leased at $600 per month and now gutted for your finishing touches. Commercial Versatility: A 1,296 sq ft commercial building, presently serving as a used car lot. Features repair facilities, a full bath, and a fully equipped kitchen. Multi-Unit Complex: A spacious 7,136 sq ft structure comprising three units. Unit #1: A 2-bed, 1-bath apartment. Unit #2: A front retail shop with an office and restroom, spanning 1,750 sq ft. Unit #3: A 5,680 sq ft retail space with a large office and additional restroom (can be easily split into 2 units for future rental opportunity) Whether you're an astute investor seeking lucrative returns or a business owner searching for an optimal space, this property offers a compelling combination of residential comfort and commercial potential. With a proven track record of reliable rental income and diverse spaces to suit various business needs, this investment stands out as a prime opportunity in the real estate market. Don't miss the chance to make this property the cornerstone of your financial success or business expansion!

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Commercial Active

Price

$ 429,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,862

Style

Lot Size

0.86

Year Built

1920

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

4504627

Features
General
Sewer PublicSewer
Heating Electric ForcedAir Gas
Possession DeliveryOfDeed
Roof Asphalt Fiberglass
Year Built 1920
Township Elyria Twp
Property SubType Retail
Additional Parcels Description 06-22-018-102-009 06-22-018-102-016 06-22-018-102-018
County Lorain
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Wilbur Heights
Garage Y/N N
Status Active
Directions Close to the corner of Pearl and N Ridge
City Elyria
View Y/N N
Senior Community Y/N N
High School District Elyria CSD - 4706
Waterfront Y/N N
Carport Y/N N
Street Name Ridge
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 8862.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 190
Standard Status Active
Middle/Junior School District Elyria CSD - 4706
Elementary School District Elyria CSD - 4706
Property Sub Type Additional Retail
Legal Description WILBUR HEIGHTS 95 X 138 S/L 44 & 45
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Interior
Basement None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 13068.0
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
Above Grade Finished Area Source Realist
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Exterior
Parking Features Paved
Water Source Public
Total Parking 36.0
Lot Size Area 0.86
Number of Buildings 3
Spa N
Building Area Total 13068.0
Lot Size Acres 0.86
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 41957
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* Excluded Features
List By
Michael Pasadyn

Listing Agent

Keller Williams Greater Metropolitan

Broker

Michaelpasadyn@kw.com

Email

Affordability Calculator

$3,590
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,851
Monthly Property Taxes
$739
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457381 Elementary School
4457830 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2024$429,000 -2.28% Price Down
11/15/2023$439,000 Listed Price

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41957 N Ridge Road, Elyria, OH, 44035 is a Commercial Property for sale at $429,000 with 13,068 sqft and a lot size of 0.86. 41957 N Ridge Road is a studio with 0.0 baths and was built in 1920. The property's zip code is 44035 which is in Elyria, OH