5350 Leavitt RdLorain, OH 44053

Property Details for 5350 Leavitt Rd

Lot size

14.89 AC

Property size (Sq ft)

160,080 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

02-02-002-000-246

APU

202002000246

Description

This exceptional retail opportunity presents 943 square feet of prime, in-store space within a high-traffic Meijer location in Lorain County. This "store-within-a-store" concept offers unparalleled visibility and access to thousands of weekly customers. The space benefits from a highly visible, front-of-store location, maximizing customer interaction. A fixed monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities, simplifying operational costs. Branding opportunities include both interior and exterior signage, enhancing exposure. The property is situated in a thriving trade area with a desirable customer base. This all-inclusive lease is ideal for a variety of businesses, including but not limited to financial institutions, food and beverage establishments, service businesses, health and wellness providers, and insurance agencies. The space's strategic placement within a well-known Midwest retail destination provides a significant advantage for businesses seeking high foot traffic and brand recognition. This is a unique opportunity to establish a presence in a high-performing retail environment. The entire 943 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $42,333,616

  6.5%

  $39,077,184

  7%

  $36,285,956

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,734,184

  Geo Method

  $37,734,184

• Alternative Use

  Use

  Valuation

  Residential

  $32,963,068

  Hospitality

  $30,193,992

  Educational

  $25,121,048

  Medical

  $25,985,000

  Retail

  $39,077,184

Location Insight

City

Lorain

County

Lorain

State

Ohio

Latitude

41.4204

Longitude

-82.212

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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