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    3941 Erie St Willoughby, OH 44094

    Sponsored
    For Sale
    $2,800,000

    SINGLE_FAMILY - Willoughby, OH

    Type:Retail
    Lot size:
    1.56 Acres
    Days on Market:
    61
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 3941 Erie St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    APN
    27-B-037-0-00-006-0
    Parking
    48
    Patio and Porch features
    Patio
    Lot size
    1.56 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2016
    Floors in Building
    2
    Roof type
    Flat

    Keller Williams Realty Greater Cleveland Northeast (440) 255-5500 [email protected]

    Listing agent Rick Osborne (440) 299-5190 License #2010001710

    Listing date Nov 6, 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.

    Overview

    Downtown Willoughby Investment Opportunity

    Located in Historic Downtown Willoughby, this modern two-story building offers an investment opportunity. Constructed in 2016, the 8,700 SF building was designed for a gastropub, microbrewery, and fine dining restaurant. The property is suited for retail, office, or entertainment businesses. It is fully equipped and located adjacent to the Chagrin River near a high-traffic intersection, offering high visibility on Erie Street off of Route 20. Features include a liquor license (A1A, A1C, D6), a large open-concept kitchen, two full bars, brewery equipment, indoor seating for up to 160, a private office, restrooms on both levels, an elevator, and an exclusive parking lot. The outdoor rooftop patio, seating up to 75, includes a fireplace and overlooks the community. The property is situated on a 1.56-acre lot. It is located in an area known for restaurants, bars, shopping, and year-round entertainment and activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Kraken Cocktail Room Cocktail Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Forno Wood-Fired Catering

    Location Insight

    • Map
    • Local Demand
    City
    Willoughby
    County
    Lake
    State
    Ohio
    Longitude
    -81.406308
    Latitude
    41.643607

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    FAQs

    What type of property is this?
    Restaurant - Modern two-story building in historic downtown Willoughby, suitable for various ventures.
    Where is this restaurant located?
    The property is located at 3941 Erie St Willoughby, OH.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Prime location in Historic Downtown Willoughby with high visibility and traffic.; - Modern 8,700 SF two-story building constructed in 2016.; - Fully equipped for a gastropub, microbrewery, and fine dining restaurant with a large open-concept kitchen and brewery equipment.
    (440) 299-5190
    Request Owner's contact information
    3941 Erie St Willoughby, OH 44094
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    Willoughby, OH 44094
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3941 Erie St Willoughby, OH 44094
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