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124 Middle Ave - Tokar Tower
2,000 - 2,200 SF Office Condo Units Offered at $60,000 - $66,000 Per Unit in Elyria, OH 44035
Investment Highlights
- Three separate office condominiums 2,000 - 6,400 sf available (divisible by floor)
Executive Summary
As the tallest building in Lorain County, Tokar Tower is a ten story office condominium building. Located in the heart of downtown Elyria, the tower is adjacent to Ely Square and within walking distance to Elyria City Hall, Lorain County Justice Center, Lorain County Clerk of Courts and the Municipal Courthouse and various dining and retail amenities. The current tenant mix includes attorneys, accountants, banking and other professional services firms. The opportunity presented consists of Floors 3, 7 and 8 which are available for purchase, ranging from 2,000 – 6,400 sf of office space. The floors can be packaged together or purchased individually by floor and are ideal for an owner/occupier with investment potential.
Data Room Click Here to Access
Property Facts
| Price | $60,000 - $66,000 | Floors | 10 |
| Unit Size | 2,000 - 2,200 SF | Typical Floor Size | 2,985 SF |
| No. Units | 3 | Year Built | 1900 |
| Total Building Size | 29,854 SF | Lot Size | 1.00 AC |
| Property Type | Office | Parking Ratio | 0.5/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $60,000 - $66,000 |
| Unit Size | 2,000 - 2,200 SF |
| No. Units | 3 |
| Total Building Size | 29,854 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 2,985 SF |
| Year Built | 1900 |
| Lot Size | 1.00 AC |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
3 Units Available
Unit 1
| Unit Size | 2,000 SF | Condo Use | Office |
| Price | $60,000 | Sale Type | Investment |
| Price Per SF | $30.00 |
| Unit Size | 2,000 SF |
| Price | $60,000 |
| Price Per SF | $30.00 |
| Condo Use | Office |
| Sale Type | Investment |
Description
3 private offices, coffee bar, conference room, large reception/ workstation area
Sale Notes
Potential short term income revenue in place
Unit 1
| Unit Size | 2,200 SF | Condo Use | Office |
| Price | $66,000 | Sale Type | Investment |
| Price Per SF | $30.00 |
| Unit Size | 2,200 SF |
| Price | $66,000 |
| Price Per SF | $30.00 |
| Condo Use | Office |
| Sale Type | Investment |
Description
4 private offices, kitchenette, in suite restroom, open area workstations
Sale Notes
Potential short term income revenue in place
Unit 1
| Unit Size | 2,200 SF | Condo Use | Office |
| Price | $66,000 | Sale Type | Investment |
| Price Per SF | $30.00 |
| Unit Size | 2,200 SF |
| Price | $66,000 |
| Price Per SF | $30.00 |
| Condo Use | Office |
| Sale Type | Investment |
Description
4-5 private offices, kitchenette, in-suite restroom, reception area
Sale Notes
Available for occupancy upon transfer
zoning
| Zoning Code | Commercial |
| Commercial |
-
Power Broker Heather Gilleland -
Robert Roe -
JLL
Learn More About Investing in Office Space
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124 Middle Ave - Tokar Tower
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