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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!

PROPERTY FEATURES

Water Source : Public Sewer System : PublicSewer
Parking Total: 36
Roof : Asphalt,Fiberglass
Property Sub-Type Additional : Retail
Heating : Yes. Heating : Electric,ForcedAir,Gas
Above Grade Finished Area : 13068 S.F

PROPERTY DETAILS

Street Address: 41957 N Ridge Road
City: Elyria
State: Ohio
Postal Code: 44035
County: Lorain
MLS Number: 4504627
Year Built: 1920
Courtesy of Keller Williams Greater Metropolitan

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