14805 Detroit AveLakewood, OH 44107

Property Details for 14805 Detroit Ave

Year built

1924

Construction

TYPE NOT SPECIFIED

Lot size

0.36 AC

Property size (Sq ft)

38,200 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

314-04-007

APU

31404007

Description

This prominent Lakewood, Ohio office building, located at 14805 Detroit Ave (Detroit-Warren cross streets), offers a variety of flexible office spaces to suit diverse business needs. The five-story building, listed on the National Register of Historic Places, boasts over $3,000,000 in recent renovations and upgrades, enhancing its attractive lobby and tenant suites. Available spaces range from 225 square feet to 1,600 square feet, including street-level retail space (965 sq ft), a 3rd-floor office (350 sq ft), and a 5th-floor office (660 sq ft). The building enjoys a highly visible location in downtown Lakewood, offering easy access to major bus routes, freeways, and Cleveland's airport. Nearby amenities include restaurants, banks, retail stores, and the post office, providing convenience for tenants and their employees. This is a unique opportunity to lease space in a historically significant building with modern amenities and a prime location just west of Cleveland, Ohio, in the 44107 zip code. Multiple tenancy options are available. The building's location offers high visibility and is owned locally.

• CAP approach

  CAP return

  Valuation

  6%

  $10,102,100

  6.5%

  $9,325,015

  7%

  $8,658,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,004,535

  Geo Method

  $9,004,535

• Alternative Use

  Use

  Valuation

  Residential

  $7,866,000

  Hospitality

  $7,205,213

  Educational

  $5,994,653

  Medical

  $6,200,818

  Retail

  $9,325,015

Location Insight

City

Lakewood

County

Cuyahoga

State

Ohio

Latitude

41.4849

Longitude

-81.7999

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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