229 5th Street, Elyria, OH 44035
Heman El's Add · Lorain County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1900
Lot Size
0.21 acres
MLS® Listing#
5204709
Property Features
Cooling
Heating
Basement
Parking
Foundation
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$3,647
Tax year 2025
Parcel Number
06-26-044-000-008
Directions
Between East Ave and Middle Ave. between 5th St. and Barres Ln.
Affordability Calculator
$37,000
Estimated monthly payment
$985/mo
Principal $148,000 · Est. interest $206,473 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elyria, OH
- 49
- Median Days on Market
- 1,527
- Median Sq Ft
- $121
- Median Price / Sq Ft
- 110
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Elyria, OH.
Location
Points of Interest in Elyria, OH
Showing the Elyria area map.
Nearby Schools
St Mary School Elyria
School · 0.1 mi away
Elyria High School
Secondary · 0.2 mi away
Franklin Elementary School
Secondary · 0.6 mi away
Roosevelt Elementary School
Elementary · 0.6 mi away
Hamilton Elementary School
Elementary · 0.6 mi away
Eastern Heights Middle School
Elementary · 0.8 mi away
Ely Elementary School
Elementary · 1.0 mi away
Kid's Center
Elementary · 1.1 mi away
Elyria City School District
Secondary · 1.1 mi away
Ely Stadium
School · 1.1 mi away
Horizon Education Centers
School · 1.3 mi away
Elyria Community Middle School
School · 1.3 mi away
Northwood Middle School
Elementary · 1.4 mi away
Elyria Catholic High School
Secondary · 1.5 mi away
St. Jude School
Secondary · 1.6 mi away
Elyria City School District
Elementary · 1.8 mi away
Elyria Christian Academy
School · 1.9 mi away
Elyria Community Elementary School
Elementary · 1.9 mi away
Murray Ridge School
School · 2.0 mi away
Childtime
School · 2.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 343 4th Street, Elyria, OH | $129,900 | 3 | 2 | 2,244 |
| 1115 East Avenue, Elyria, OH | $130,000 | — | — | 3,920 |
| 321 8th Street, Elyria, OH | $130,000 | 4 | 2 | 2,286 |
| 567 Walnut Street, Elyria, OH | $130,000 | 3 | 1 | 1,768 |
| 41589 Northwood Street, Elyria, OH | $134,900 | 3 | 1 | 1,194 |
| 347 11th Street, Elyria, OH | $135,000 | 4 | 2 | — |
Moving Cost Estimate
EXIT Agents in Elyria
Listing Courtesy: Northern Ohio Realty - 440-366-0099, northernohiorealty@gmail.com
Last Updated: 2026-04-27