37111 Euclid AveWilloughby, OH 44094

Property Details for 37111 Euclid Ave

Year built

1998

Lot size

0.81 AC

Property size (Sq ft)

11,250 SF

Zone code

L-1

Property type

Retail properties

Property subtype

Retail space

APN

27-A-014-B-00-024-0

APU

27A014B000240

Description

This exceptional 11,250 square foot retail/office property presents a rare investment opportunity in Willoughby, Ohio's thriving business district. Located directly across from a newly constructed national grocery store, this meticulously maintained asset offers high visibility and convenient access. The building comprises nine units currently occupied by six established tenants, with a recently signed lease extension from an existing tenant, ensuring consistent cash flow. The majority of leases extend through 2027, providing long-term stability. Significant value-add potential exists due to current rents being below market value, allowing for future rent increases and a transition to triple-net (NNN) leases. Substantial capital improvements have been completed within the last five years, minimizing future maintenance expenses. These include a new roof (2022), new HVAC units (2017-2021), new front supports (2023), and a renovated parking lot (2021). The property sits on a 0.81-acre lot and offers ample parking. This turnkey investment is poised for immediate returns and long-term growth, representing a unique chance to acquire a prime retail asset in a highly desirable location. Don't miss this exceptional opportunity to expand your portfolio with a well-maintained, income-producing property in a rapidly growing market. The property is priced at $2,200,000.

Location Insight

City

Willoughby

County

Lake

State

Ohio

Latitude

41.6293

Longitude

-81.4209

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].