Willoughby Retail/Office Investment
37111 Euclid Avenue, Willoughby, OH 44094
SINGLE_FAMILY - Willoughby, OH
Type:Retail
Property size:
11,000 SFLot size:
0.81 AcresPrice / SF:
$154/SF- Added:
- Nov 29, 2024
- Days on Market:
- 528
- Last Refresh:
- May 11 at 9:06 pm
Property Features for 37111 Euclid Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 35
- Standard status
- Active
- APN
- 27-A-014-B-00-024-0
- Size
- 11,000 SF
- Lot size
- 0.81 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- LOT 1 TRACT 14 PART OF BLOCK K
- Tax Annual Amount
- 25215
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1998
Listing agent Geoffrey DelGrosso License #2020002251 (440) 462-9577
Listing office Keller Williams Greater Cleveland Northeast 7400 Center Street, Mentor, OH (440) 255-5500
Listing date Nov 29, 2024
MLS# 5087351
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
- Located in the heart of Willoughby's business district, directly across from a newly constructed national grocery store.
- Property has nine units with six well‑established tenants and a newly signed lease.
- Most leases are in place through 2027, providing stable income.
- Significant capital expenditures (roof, HVAC, front supports, parking lot) completed in the last five years.
- Opportunity to increase rents as current rates are below market value.
- Potential to transition leases into NNN leases for increased profitability.
Overview
This meticulously maintained retail/office asset is located in the heart of the Willoughby, Ohio business district. The property, with over 11,000 square feet, contains nine units and is occupied by six well-established tenants, with a newly signed lease from a current tenant. Most leases are in place through 2027. Situated directly across the street from a newly constructed national grocery, the property offers room for improvement as current rents are at the low end of the market and can be transitioned into NNN leases. The property has had several capital expenditures completed in the last five years, including a new roof in 2022, new HVAC units from 2017-2021, new front supports in 2023, and a parking lot in 2021. The lot size is 0.81 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Metro by T-Mobile
Mobile Phone Store
Pizza Booyah
Restaurant
What About Bob's ...
Take-out & Catering
Exodus Integrity Services, ...
Corporate Office
K & Em Custom ...
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Willoughby
- County
- Lake
- State
- Ohio
- Longitude
- -81.420951
- Latitude
- 41.629339
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Meticulously maintained retail/office asset in Willoughby's business district.
Where is this retail space located?
The property is located at 37111 Euclid Avenue Willoughby, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Located in the heart of Willoughby's business district, directly across from a newly constructed national grocery store.; Property has nine units with six well‑established tenants and a newly signed lease.; Most leases are in place through 2027, providing stable income.
