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$345,900
92 Days On Site

40980 Butternut Park Court
Elyria, OH 44035

For Sale|Business|Active
0
Beds
0
Full Baths
0
Partial Baths
1,260
SqFt
$275
/SqFt

Built
County:
Lorain

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40980 Butternut Park Court40980 Butternut Park Court40980 Butternut Park Court40980 Butternut Park Court
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Exceptional Commercial Opportunity in Prime Location! Presenting a rare estate sale of the former well-known Joe's Bar, a staple in the community for over 50 years. Property offers unparalleled visibility, fronting two major streets w/extremely high traffic flow & situated less than a mile from major highways, making it a prime location for any business. Currently zoned for Restaurant/Cafeteria/Bar use, this property includes a spacious, attached 3-bedroom apartment—ideal for additional income or owner-occupancy. Imagine the convenience of living where you work! The property features a spacious restaurant w/ample seating, two bathrooms, full basement, & .77-acre lot that offers additional parking & patio space. Sale includes all current equipment and a valuable liquor license, making it an unbeatable investment opportunity. Possibilities here are endless! While the property is priced "as-is," there's potential for rezoning, opening doors to a wide array of business ventures. Whether you’re looking to revive this iconic establishment, take advantage of the apartment rental possibilities, or launch your next business venture in a prime location, this property has it all. Don’t miss out on this unique chance to own a piece of local history (offered for sale for the 1st time in over 50 years) w/incredible potential. Call today to schedule your private tour!

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Listing Snapshot
Price 
$345,900
Days On Site 
92 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,260 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.76 Acres
Year Built 
N/A
MLS® Number 
5064379
Status 
Active
Property Tax 
$2,062
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoPrice changed to $345,900
2 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.76
Additional Property Use 
Mixed Use
Number Of Stories 
1
Parking 
On Site
Parking Spaces 
20
Property Sub Type 
Business
Sewer 
Septic Tank
SqFt Total 
1260
Stories 
One
Water Source 
Public
Interior Features
Basement 
Partial
Cooling 
Central Air
Heating 
Natural GasForced Air
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Exterior Features
Roof 
Asphalt
Community Features
School District 
Keystone LSD - 4708
Township 
Elyria
Schools
School District
Keystone LSD - 4708
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Christopher A Frederick of Coldwell Banker Schmidt Realty



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2024 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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