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Lakewood, OH Land for Lease

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Commercial Land with Build-to-Suit Option
Updated: Oct 23
Commercial Land with Build-to-Suit Option

1332 W 117th St, Lakewood, OH 44107

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0.67 AC lot
0.67‑acre commercial property
Leasing options include the existing building, a ground lease, or build‑to‑suit
C‑3 General Commercial zoning allows restaurant, retail, automotive, and office/medical uses
13,500 vehicles pass in front of the site daily
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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Lakewood, OH, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 2 Properties for Sales.

Land for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

High-Traffic Retail Outparcel Land
High-Traffic Retail Outparcel Land

23460 Lorain Rd, North Olmsted, OH 44070

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2.25 AC lot

Retail development land with 250+ feet of frontage along Lorain Road and B-3 General Business zoning.

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Prime Corner Land for Development
Prime Corner Land for Development

14734 Lorain Ave, Cleveland, OH 44111

Contact for pricing
1 sqft 1.15 AC lot

Approximately 1.149 acres of land suitable for retail development.

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Lorain Avenue Commercial Lot Available
Lorain Avenue Commercial Lot Available

14039 Lorain Ave, Cleveland, OH 44111

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0.40 AC lot

0.4-acre lot near retailers and public transportation.

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Commercial Land For Rent
Commercial Land For Rent

24002 Lorain Rd, North Olmsted, OH 44070

Contact for pricing
4.20 AC lot

Commercial land with utilities, high traffic area, easy access.

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Similar Spaces for Sale in Lakewood, OH

Consider Similar Space for Sale. We found 2 Spaces matching your search parameters.

Land, Lakewood, OH
Land, Lakewood, OH

1486 Hopkins Avenue, Lakewood, OH 44107

$125,000
0.10 AC lot

Land · 0.10 Acres

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Land, Lakewood, OH
Land, Lakewood, OH

Waterbury Road, Lakewood, OH 44107

$99,000
0.11 AC lot

Land · 0.11 Acres

View details

Lakewood, OH Land Lease Rates & Market Statistics

Browse 1 Land listing for lease in Lakewood, OH on Realmo, a commercial real estate marketplace serving the Lakewood area.

Lakewood accounts for 3% of the 39 land listings currently available across Cuyahoga County, where nearby markets include Cleveland and Strongsville.

How to rent land in Lakewood, OH

  1. Understand the ground-lease bargain. A land lease (ground lease) lets you build on a parcel without buying it. You own the buildings and improvements while paying rent on the lot or site beneath them.
  2. Pick a site worth decades of commitment. Ground leases run 50–99 years, so use Location Intelligence to validate that the Lakewood, OH parcel's corridor, demographics, and growth trajectory support your development long-term.
  3. Do entitlement due diligence before signing. Verify zoning, utilities, soil conditions, environmental history, and permits for your intended construction. You're leasing bare acreage, and every improvement cost is yours.
  4. Negotiate subordination for financing. Lenders strongly prefer a subordinated ground lease (where the landowner's interest backs your construction loan). An unsubordinated lease should trade for meaningfully lower rent.
  5. Model the escalations across decades. Land leases are net (you pay taxes, insurance, and upkeep) with rent escalations or periodic market revaluations, so project the full cost curve with the Lease Calculator.
  6. Plan for the reversion. At lease end, your buildings typically revert to the landowner. Negotiate renewal options, assignment rights, and end-of-term compensation for improvements before you pour a foundation.
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