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$349,900
14 Days On Site

7333 Lake Avenue
Elyria, OH 44035

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
3,657
SqFt
$96
/SqFt
1953
Built
Subdivision:
West/Black River & Bounded A
County:
Lorain

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440.838.1111
7333 Lake Avenue7333 Lake Avenue7333 Lake Avenue7333 Lake Avenue
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Welcome to this exceptional mixed-use commercial property, perfectly positioned to offer both residential and commercial opportunities. This versatile asset features two storefronts, four residential units, and a fully rentable garage, making it an ideal investment for those seeking a lucrative real estate venture. 2 Prime Storefronts: Ideal for retail or office space, the storefronts boast high visibility and foot traffic, offering a fantastic opportunity for local businesses to thrive. Currently rented ($400) and ($250) on month to month leases. 4 Residential Units: 3 vacant and 1 rented at ($600)Well-maintained and thoughtfully designed, these residential units provide comfortable living spaces. Each unit is spacious and the break down included 2 (2 bedroom units) and 2 (1 bedroom units) Also included is the Rentable Garage: A valuable addition to the property, the garage can be fully rented out, providing additional income streams. Perfect for tenants needing secure storage or parking. Residents will appreciate the convenience of on-site laundry facilities, adding value to the residential units and enhancing tenant satisfaction. This property includes dedicated parking spaces, ensuring easy access for both residents and customers visiting the storefronts. This property is situated in a vibrant neighborhood, this property benefits from excellent accessibility and is surrounded by a diverse mix of shops, restaurants, and community services. The area is well-connected, making it a desirable location for both commercial tenants and residents. Investment Opportunity: With the combination of commercial and residential spaces, this mixed-use property offers a unique investment opportunity. Whether you are looking to expand your portfolio or start your first venture, this property delivers a solid return on investment with multiple income sources.Don't miss out on this rare find! Contact us today to learn more about this exceptional property and schedule a viewing.

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Listing Snapshot
Price 
$349,900
Days On Site 
14 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,657 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.15 Acres
Year Built 
1953
MLS® Number 
5084021
Status 
Active
Property Tax 
$6,221
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.15
Additional Property Use 
Mixed UseSee Remarks
Number Of Stories 
1
Parking 
Additional ParkingCommonOn SiteUnassigned
Parking Spaces 
8
Property Sub Type 
Apartment
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Total 
3657
Stories 
Three Or More
Water Source 
Public
Zoning 
See Remarks
Interior Features
Cooling 
Central AirCeiling Fan(s)
Heating 
Natural GasElectric
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Community Features
Financing Terms Available 
CashConventional
School District 
Elyria CSD - 4706
Township 
Elyria Twp
Schools
School District
Elyria CSD - 4706
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Kayla Carosella of Lokal Real Estate, LLC.



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
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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