24 Beech Street, Berea, OH 44017
- Added:
- Jun 16, 2025
- Days on Market:
- 363
- Last Refresh:
- Jun 13 at 4:06 am
Property Features for 24 Beech Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage, Driveway, Parking Lot
- Standard status
- Pending
- APN
- 364-13-006
- Size
- 1,500 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- 17 BEREA SEM NEXT S OF CHURCH ST 000J
- Tax Annual Amount
- 4145
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Steam
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1952
- Roof type
- Fiberglass
Listing agent Dennis W Wolf License #331368 (216) 389-4974
Listing office RE/MAX Above & Beyond 14980 Bagley Road, Middleburg Heights, OH (440) 842-7200
Listing date Jun 16, 2025
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑visibility corner lot with dual frontage in a desirable location near Baldwin Wallace University.
- Versatile 1,500+ sq. ft. commercial building suitable for various business types.
- Five private offices with windows and a large multi‑purpose room offering flexible space.
- Detached 2‑car garage with workshop/storage space.
- On‑site parking available with garage, driveway and parking lot.
- Low overhead and taxes, making it an affordable commercial property.
Overview
The property is located in the heart of Berea, positioned near Baldwin Wallace University and within a residential neighborhood setting. The corner-lot configuration provides frontage along two sides of the property, supporting visibility for a professional office or service use.
With a layout that combines reception, multiple enclosed offices, and a larger shared room, this building can accommodate a range of professional services and small business needs. It also presents an owner-operator or investor-friendly configuration for tenants seeking a compact, primarily office-oriented facility with dedicated parking and supplemental storage in the detached garage. Zoning information is available via the attached materials for confirming permitted uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $18.96 |
| − Vacancy | −$7.0k | −$4.65 |
| EGI | $21.5k | $14.31 |
| − OpEx | −$5.4k | −$3.58 |
| NOI | $16.1k | $10.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Berea
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.849625
- Latitude
- 41.366996
