229 5th Street, Elyria, OH 44035 - $185,000

  • Beds: 5
  • Baths: 1 full 2 partial
  • Sq. Feet: 2,207
  • Days on Site: n/a
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229 5th Street, Elyria, OH 44035
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Comments for 229 5th Street, Elyria, OH 44035

229 5th St, Elyria, OH 44035 ? Mixed-Use Opportunity Awaits. Discover the untapped potential of this versatile mixed-use property located in the heart of Downtown Elyria. Zoned for mixed use, this unique offering features a former chiropractic office on the first floor and a comfortable two-bedroom, one-bathroom apartment on the second floor ? ideal for the savvy investor or owner-occupant who dreams of living upstairs while running a business below.**Renovation Potential That Inspires.** The expansive first-floor office space is primed for conversion into one or multiple residential apartments, and the large attic space offers even more opportunity ? the current owner has architectural drawings already prepared for completing an additional apartment upstairs. Whether you envision a thriving multi-unit rental property or a creative live-work arrangement, the possibilities here are truly exciting.**Parking That Delivers.** A generous gravel parking lot accessible from Barres Street, combined with a private driveway off 5th Street, provides multiple ingress and egress points ? a rare advantage for both residential tenants and commercial visitors alike. Efficiency is built in, with separate HVAC and hot water systems

$185,000

Estimated Monthly Payment: $769.60 (including taxes & insurance estimates)

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Property Details

City: ElyriaProperty Type: Multi Unit - Multiple
Subdivision: Heman Els AddLot Size: 0.21 Acres
School District: Elyria CityBedrooms: 5
Taxes: $3,647Bathrooms: 1 full 2 partial
Status: ActiveSquare Feet: 2207
Year Built: 1900MLS#: 5204723

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Property Features

Property Type: Multi Unit - MultipleParcel#: 06-26-044-000-008
Basement: YesParking: Gravel, Parking Lot
Basement: FullRoof Type: Slate
Cooling: Central AirSewer: Public Sewer
Exterior: Aluminum Siding, BrickStories: 2.0
Fencing: NoneTaxes: $3,647
Heating: GasView: City, None
Laundry: In BasementWater: Public
Lot Size: 0.21 AcresYear Built: 1900

School Information

School District: Elyria City

Listed By

Agency Name: Northern Ohio Realty
Agency Contact: 440-366-0099, northernohiorealty@gmail.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555

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  • Demographics
  • Walk Score

Lorain County Demographic Information

Fips
Fips Code39093
Population
2020 to 2025 Changeup 3.3%
2010 Count301,356
2020 Count312,964
2025 Estimate (V2025)323,219
2020 Estimate (V2025)312,956
Age Distribution (Years Old)
0 to 45.2%
5 to 1721.1%
18 to 6453.0%
65 and Older20.7%
Gender
Male49.6%
Female50.4%
Place of Birth
Foreign3.1%
US96.9%
Education
High School Graduate, Age 25+91.8%
Bachelor's Degree or Higher, Age 25+28.5%
Computer and Internet use
Households with a computer94.8%
Households with a broadband Internet subscription88.9%
Language
English is Second Language, Age 5+7.8%
English is First Language, Age 5+92.2%
Veterans
Veterans18,512
Income
Per Capita Income$40,798
Median Household Income$73,347
People in Poverty10.8%
Commute
Average Work Commute Time26 minutes
Housing
Total Housing Units136,666
Households127,544
Average Household Size2.42
Owner-Occupied74.0%
Multi-Family17.0%
Owner-Occupied Median Value$223,200
Median selected monthly owner costs -with a mortgage$1,525
Median selected monthly owner costs -without a mortgage$629
Median gross rent$966
Building Permits
New Private Housing Issued 20241,331
Years at Residence
1 Year or More90.9%
Less Than 1 Year9.1%
Business and Employment
Private non-farm Establishments5,664
Private non-farm Employment89,159
Private non-farm Employment Growth0.0%
Nonemployer Establishments21,949
Number of Firms4,759
Business Production
Value of Shipments$6,058,884,000
Wholesale Trade$2,315,415,000
Retail Trade$3,875,576,000
Retail Sales Per Capita$12,297
Accommodation and Food Services$444,363,000
Land
Land Area491.10 sq. miles
Population Per Square Mile614

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