Entrance to property featuring a shingled roof
View of side of property featuring a shingled roof
501 Lake Avenue photo 3
View of road featuring traffic signs
501 Lake Avenue photo 5
Office space with dark floors and a paneled ceiling
View of below grade area
View of below grade area
Storage area featuring a heating unit
View of misc room
View of home's exterior
View of side of home featuring a yard and concrete block siding
501 Lake Avenue photo 13
13 photos

$164,000

501 Lake Avenue
Elyria, OH 44035
Listed by Roger L Nair · Home Equity Realty Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1960

About this home

Former bakery catering service still currently running out of building, can be divided up to have two storefronts or one large business out of building. Alot of catering and ovens will go with the building.

Property details

MLS #
5152708
Property type
Retail
Subdivision
Nichols
Status
Active
Days on market
179
On market date
September 4, 2025
Stories
N/A
Garage spaces
N/A
Lot size
0.1 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Ely Elementary School
1.23 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
432
Student:teacher ratio
18.0:1
District
Elyria City Schools
Middle
Westwood Middle School
1.77 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
355
Student:teacher ratio
10.8:1
District
Elyria City Schools
High
Elyria High School
1.12 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,667
Student:teacher ratio
16.2:1
District
Elyria City Schools

Mortgage calculator

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Est. monthly payment
$1,138/mo
$32,800 down
$131,200 loan
Principal & interest$851
Property tax (est.)$137
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated March 2, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.