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.
Water Source : Public
Sewer System : SepticTank
Parking Features :
Parking Total: 8
Property Sub-Type Additional : Apartment
Current Use : MixedUse,SeeRemarks
Zoning Description : See Remarks
Heating : Yes.
Heating : Electric,Gas
Cooling : Yes.
Cooling : CentralAir,CeilingFans
Laundry Features : CoinOperated
Basement Description : CommonBasement
Street Address: 7333 Lake Avenue
City: Elyria
State: Ohio
Postal Code: 44035
County: Lorain
MLS Number: 5100888
Year Built: 1953
Courtesy of Lokal Real Estate, LLC.
City: Elyria
State: Ohio
Postal Code: 44035
County: Lorain
MLS Number: 5100888
Year Built: 1953
Courtesy of Lokal Real Estate, LLC.
Courtesy of Gentile Real Estate LLC
