6868 Lake Avenue, Elyria, OH 44035

Property Description

This is a fantastic prime commercial location consisting of 2 Parcels and 4 building structures. Owners just spent ~$100,000 for a new sewer tap. The 1st structure is a home, 2nd is a detached garage, 3rd structure is a bar (could be any type of business), and 4th an outbuilding with tons of storage. Possibilities are endless. Could live in the home and have your business. Front parcel has 100' street frontage and depth of `198'. Front parcel contains a 2 story house with previous rental income of $800 per month (could possibly be higher as this was a few years ago). Also, on the front parcel is a business building of approximately 1000 sq.ft. previously operated as a bar (rental was $800), no liquor license, (would need to apply for one), with rear patio and enclosure. The buildings are separated by a wide drive with ample parking. These two rentals could pay your mortgage if needed. The rear parcel is accessed from the driveway. It contains a huge 44 by 65 pole barn with a 16 by 16 front garage door. This building is perfect for vehicle/boat storage or to house any type of small business equipment needs (rental is $300 plus $75 towards electric). The area surrounding the structure is a fenced, gravel parking storage area. Additional parcel number 06-23-011-101-074 is included in lot size and tax.