10001 Chester AveCleveland, OH 44106

Property Details for 10001 Chester Ave

Year built

2018

Lot size

0.36 AC

Property size (Sq ft)

56,622 SF

Zone code

MF2

Property type

Retail properties

Property subtype

Retail space

APN

119-11-065

APU

11911065

Description

This exceptional 1,857-square-foot retail space is available for lease in Cleveland, Ohio. Located at 10001 Chester Avenue, this single-tenant property, built in 2015, offers a high-profile location within a thriving commercial area. The space is currently in shell condition and is zoned for commercial use. The property boasts excellent visibility and accessibility, situated on Chester Avenue, which experiences over 27,600 vehicles per day, according to ODOT. Its strategic location offers easy access to major medical centers, including the Cleveland Clinic main campus, University Hospitals, and educational institutions like Case Western Reserve University and University Circle. The property benefits from its proximity to a diverse mix of established businesses, including Huntington National Bank, Walgreens, Domino's Pizza, Penn Station, and KinderCare. Furthermore, the retail space is situated on the ground floor of Innova Apartments, a 247-unit residential building, providing a built-in customer base. Parking is available for patrons and employees. This property presents a unique opportunity for a business seeking high visibility and convenient access to a dense population and significant traffic flow in a rapidly developing area of Cleveland. The property's APN is 119-11-065, and it is located in Cuyahoga County, Ohio, zip code 44106. There is no elevator in the building.

• CAP approach

  CAP return

  Valuation

  6%

  $14,973,851

  6.5%

  $13,822,016

  7%

  $12,834,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,346,983

  Geo Method

  $13,346,983

• Alternative Use

  Use

  Valuation

  Residential

  $11,659,388

  Hospitality

  $10,679,937

  Educational

  $8,885,582

  Medical

  $9,191,171

  Retail

  $13,822,016

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5059

Longitude

-81.6179

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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