5514 Detroit RoadSheffield Village, OH 44035

5514 Detroit RoadSheffield Village, OH 44035

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$515,000 Active
Commercial - Business MLS 5151516

Listed By

Agency Name: Trinity Commercial Realty, LLC.
Agency Contact: 216-402-8000, gary@trinitycregroup.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Fantastic opportunity to own 2.89 acres (3 parcels) of prime land in desirable Sheffield Village! This spacious property is located on Detroit Road with city sewer available at the street, making it ideal for your vision. Zoned for Commercial, office, retail or residential, it offers endless possibilities for future development or specific use approved by the City of Sheffield Village. The property currently features a well-maintained ranch-style home with an attached garage, oversized parking, circular driveway, storage areas?providing a strong foundation for a variety of uses. Situated just minutes from shopping, dining, and Lorain County Community College, offering excellent visibility and accessibility. This is the perfect location to bring your next project to life!

5514 Detroit Road | MLS# 5151516

This commercial property located at 5514 Detroit Road, Sheffield Village, OH 44035 is currently listed for sale with an asking price of $515,000. Detroit Road is located within the Sheffield-Sheffield - 4713 school district. Search Sheffield Village real estate on 542snivelyavenuenw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Full
Basement: Yes
Cooling: Gas
Days on Market: 105
Heating: Forced Air, Gas
Lot Size: 2.89 Acres
Roof Type: Asbestos Shingle, Metal, Mixed
Taxes: $4,457 / year
Year Built: 1960

Feature Descriptions

Building Features: Private Restrooms
Fencing: None
Parcel#: 03-00-002-102-011
Parking: Attached, Circular Driveway, Concrete, Covered, Direct Access, Garage Faces Front, Garage, On Site, Open, Other, Outside, Oversized, Paved, Parking Pad, Storage
Sewer: Septic Tank, Unknown
Water: Public

Local Schools

School District: Sheffield-Sheffield - 4713

Demographics

Lorain County Demographic Information for 5514 Detroit Road, Sheffield Village, OH 44035
Fips
Fips Code 39093
Population
2020 to 2023 Change up 1.6%
2010 Count 301,356
2020 Count 312,964
2023 Estimate (V2023) 317,910
2020 Estimate (V2023) 312,956
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 21.4%
18 to 64 53.4%
65 and Older 19.9%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 2.8%
US 97.2%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 27.2%
Computer and Internet use
Households with a computer 93.8%
Households with a broadband Internet subscription 84.5%
Language
English is Second Language, Age 5+ 7.0%
English is First Language, Age 5+ 93.0%
Veterans
Veterans 17,970
Income
Per Capita Income $37,171
Median Household Income $67,272
People in Poverty 12.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 124,510
Average Household Size 2.45
Owner-Occupied 72.9%
Multi-Family 17.0%
Owner-Occupied Median Value $191,900
Median selected monthly owner costs -with a mortgage $1,474
Median selected monthly owner costs -without a mortgage $591
Median gross rent $886
Building Permits
New Private Housing Issued 2023 987
Years at Residence
1 Year or More 90.0%
Less Than 1 Year 10.0%
Business and Employment
Private non-farm Establishments 5,574
Private non-farm Employment 83,286
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,027
Number of Firms 20,914
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 Area 491.10 sq. miles
Population Per Square Mile 614

Source: US Census Bureau