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    29000 Lorain Rd North Olmsted, OH 44070

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    For Lease
    Contact for pricing

    10,657 SF retail space available for lease.

    Property size:
    10,657 SF
    Lot size:
    5.05 Acres

    Property Features for 29000 Lorain Rd

    General Information

    Size
    10,657 SF
    Lot size
    5.05 Acres

    Source: Hanna Commercial Real Estate | Cleveland Agent Vincenzo Calabrese

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

    Overview

    Retail Space on Lorain Road

    This property features a 10,657-square-foot retail space, formerly a Rite Aid, with an additional 0.41-acre pad available. Situated on a signalized hard corner at Lorain Road and Stearns Road, the location benefits from high visibility. The property is well-positioned on a major retail corridor, near Great Northern Mall and Great Northern Plaza. The combined traffic count exceeds 48,000 vehicles per day at the intersection of Lorain Road and Stearns Road.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store higi Health Consultant Rite Aid Pharmacy Pharmacy Western Union Money Transfer Service Jill Mcmahon Pharmacy

    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

    Rite Aid Pharmacy, GNC at Rite Aid, Jane M. Rossiter, RPH, Mary S. Kelada, RPh, Jill M. Sekola, RPh

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.943478
    Latitude
    41.409372

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    FAQs

    What type of property is this?
    Drug store - 10,657 SF retail space available for lease.
    Where is this drug store located?
    The property is located at 29000 Lorain Rd North Olmsted, OH.
    What are key features of this property?
    This property features: - Signalized hard corner location at Lorain Rd & Stearns Rd; - High traffic counts: Over 48,000 VPD at the intersection; - 10,657 SF former Rite Aid building
    (216) 861-5286
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    29000 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
    29000 Lorain Rd North Olmsted, OH 44070
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