Retail Space / Ohio / Elyria / 44035 / 561 Cleveland Street

561 Cleveland Street

Elyria, OH 44035

Listing ID: 236537

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For Sale

Property Type Retail for Sale : Shopping Center
Lot Size Acres 0.620
Building Sq Ft 14,800
Land Sq Ft 27,007

Description

For sale is the 100% fee-simple interest in the Fastenal anchored multi-tenant building (metal building and roof), a 14,800 square foot commercial building located in Elyria, Ohio and part of the larger Cleveland-Elyria MSA (2,057,009 people). The property is located at the heavily-trafficked intersection of U.S 20 (31,729 VPD) and Cleveland Street (10,924 VPD). Currently 100% leased, Fastenal has anchored the building for over 12-years and the property features average in-place rents of $6.28 per square foot, providing the investor with a stable investment with a strong corporate guaranty from the long-term anchor tenant and upside potential through rental increases. Fastenal recently completed a 7-year extension, showing its long-term commitment to the site. Surrounding the property are national and regional companies including Riddell (market leader of football helmets for professional, college and high school sports teams) Big Lots, Dollar Tree, Wendy’s, CubeSmart Self Storage, CVS, Huntington Bank, Dollar General, Walgreens, Save-A-Lot, University Hospitals Emergency Center, McDonalds, AutoZone, Taco Bell, Burger King, and many others.

Listing Demographics for 561 Cleveland Street Elyria, OH 44035

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		10,750	58,137	106,823
Population Median Age		39	40	40
Population by Age	0-9 Yrs	1397 (12%)	7685 (13%)	13396 (12%)
	10-19 Yrs	1095 (10%)	7140 (12%)	13219 (12%)
	20-29 Yrs	1394 (12%)	7156 (12%)	13058 (12%)
	30-39 Yrs	1567 (14%)	6777 (11%)	12497 (11%)
	40-49 Yrs	1358 (12%)	7342 (12%)	13635 (12%)
	50-59 Yrs	1662 (15%)	8294 (14%)	15190 (14%)
	60-69 Yrs	1424 (13%)	7587 (13%)	13833 (12%)
	70+ Yrs	853 (7%)	6155 (10%)	11994 (11%)

Median HH Income		$50,877	$50,670	$54,277
Total Household Income	< 24K	1011 (22%)	5981 (24%)	9468 (21%)
	25-49K	1222 (26%)	6001 (24%)	10764 (24%)
	50-74K	1200 (26%)	4661 (19%)	8407 (19%)
	75-99K	510 (11%)	3066 (12%)	5829 (13%)
	100-199K	577 (12%)	3856 (15%)	7932 (18%)
	200K+	32 (0%)	676 (2%)	1395 (3%)

Highest Education Level	No Diploma	766	4443	8479
	Diploma or GED	2662	12836	23087
	Some College	2020	9927	17788
	Assoc. Degree	1145	4660	8157
	Bachelors Degree	714	5144	10730
	Higher Degree	374	2709	5415

Total Housing Units		4,872	26,459	47,441
--Owner-Occupied		3,003	16,188	30,350
--Renter-Occupied		1,549	8,054	13,445
Owner-Occupied Values	< 100K	1863	6331	10147
	100-199K	920	6720	12744
	200-299K	159	2503	5322
	300-399K	34	374	1257
	400-499K	16	81	440
	500K+	11	179	440

Total Working Age Population		8,674	46,182	85,512
In Work Force		5,797	29,358	54,261
Not In Work Force		2,877	16,824	31,251
Workforce Employed		5,423	27,620	51,364
Workforce Unemployed		365	1,722	2,880
Civlian Workforce		5,788	29,342	54,245
Military Workforce		9	16	16

Total Households		4,552	24,242	43,795
Family Households		2,729	14,878	27,590
Non-Family Households		1,823	9,364	16,205
Married Couple		1,768	9,639	18,992
Other Family		961	5,239	8,598
Married w/Child		680	3,272	6,500
Single Male w/Child		163	844	1,427
Single Female w/Child		343	2,512	3,726

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Ohio	11,353,140	+2	11,536,504	0	11,574,870	0	11,615,100
Lorain County	284,664	+6	301,356	+3	310,230	+3	320,430

Total Working Age Population:

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

Demographic Radii

Points of Interest

Traffic Counts

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

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