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    23420 Lorain Rd North Olmsted, OH 44070

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    For Lease
    Contact for pricing

    Retail spaces for lease at a busy intersection.

    Property size:
    1,200 SF
    Lot size:
    1.14 Acres

    Property Features for 23420 Lorain Rd

    General Information

    Size
    1,200 SF
    Lot size
    1.14 Acres

    Source: Colliers | Cleveland Agent Fabi Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Spaces at Cornerstone Plaza

    Retail spaces are available for lease at Cornerstone Plaza, a strip center built in 2006. Two spaces are available, one measuring 998 square feet and another 1,200 square feet. The property is located on the northwest corner of Lorain Road and Clague Road, a signalized corner with high visibility and frontage. The location benefits from traffic counts exceeding 40,000 vehicles per day. The center is home to a mix of national, regional, and local tenants, including Starbucks, Robek’s, Miracle Ear, and Alterations Express. The strip center has a total area of 11,458 square feet and is located at a major intersection.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miracle-Ear Hearing Aid ... Hearing Aid Store Dental 32 Dentist Starbucks Coffee Shop Alterations Express - North ... Dry Cleaner Robeks Fresh Juices ... Juice Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8814249
    Latitude
    41.4349022

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    FAQs

    What type of property is this?
    Strip mall - Retail spaces for lease at a busy intersection.
    Where is this strip mall located?
    The property is located at 23420 Lorain Rd North Olmsted, OH.
    What are key features of this property?
    This property features: - High traffic location: Over 40,000 vehicles per day at the intersection of Lorain Road and Clague Road.; - Excellent visibility and frontage due to signalized corner location.; - Located in Cornerstone Plaza, a well-established 11,458+ SF strip center.
    (216) 239-5060
    Request Owner's contact information
    23420 Lorain Rd North Olmsted, OH 44070
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    North Olmsted, OH 44070
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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
    23420 Lorain Rd North Olmsted, OH 44070
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