27315 Detroit RdWestlake, OH 44145

Property Details for 27315 Detroit Rd

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

1.61 AC

Property size (Sq ft)

17,792 SF

Zone code

GB

Property type

Strip malls

Property subtype

Neighborhood centers

APN

212-22-022

APU

21222022

Description

This exceptional 1,350-square-foot retail space is available for lease at 27315 Detroit Rd, Westlake, OH 44145. Located in a single-story building, this unit is part of a multi-tenant property with a strong tenant mix. The space is immediately available and offers excellent visibility due to its location near the intersection of Detroit Road (RT 254) and Dover Center Road, within a five-minute drive of Crocker Park. The property boasts a prime location with impressive demographics, including a median household income exceeding $90,000 and a population of over $62,500 within a three-mile radius. This area is well-served by major retailers such as Ace Hardware, Discount Drug Mart, and Marc's Grocery Store. The property's existing tenants include well-established businesses like Sherwin-Williams Paint Store, Papa John's Pizza, and Mr. Hero, creating a vibrant and successful retail environment. The property's APN is 212-22-022. This is a fantastic opportunity for a business seeking high visibility and a strong customer base in a thriving Westlake community. The space is easily accessible and offers ample parking. Contact us today to learn more about this exceptional retail leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,705,146

  6.5%

  $4,343,212

  7%

  $4,032,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,193,944

  Geo Method

  $4,193,944

• Alternative Use

  Use

  Valuation

  Residential

  $3,663,661

  Hospitality

  $3,355,894

  Educational

  $2,792,064

  Medical

  $2,888,088

  Retail

  $4,343,212

Location Insight

City

Westlake

County

Cuyahoga

State

Ohio

Latitude

41.4664

Longitude

-81.9233

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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