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    24053 Lorain Rd North Olmsted, OH 44070

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    For Lease
    Contact for pricing

    4,137 SF medical/retail building in high-traffic area.

    Property size:
    4,137 SF
    Lot size:
    2.59 Acres

    Property Features for 24053 Lorain Rd

    General Information

    Size
    4,137 SF
    Lot size
    2.59 Acres

    Source: CBRE | Cleveland Agent Vince Mingo

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

    Overview

    Medical/Retail Building on Lorain Road

    This 4,137 square foot building is available for lease and suitable for medical office or retail use. The site, redeveloped from a former Baker’s Square, is located on Lorain Road in North Olmsted, benefiting from high traffic counts of 13,954 vehicles per day. The surrounding area is affluent, with an average household income of $123,209 within a 5-mile radius. The property is located approximately one mile from Great Northern Mall and is near retailers and restaurants such as Gordon Food Service, Fat Heads Brewery, Dairy Queen, RollHouse, Walgreens, and Discount Drug Mart. The building features a brand new medical office build out.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    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.

    Similar Places Nearby

    Porter Pet Hospital, North Olmsted hospital

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8879815
    Latitude
    41.4295551

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    FAQs

    What type of property is this?
    Medical office - 4,137 SF medical/retail building in high-traffic area.
    Where is this medical office located?
    The property is located at 24053 Lorain Rd North Olmsted, OH.
    What are key features of this property?
    This property features: - Brand new medical office build out on highly trafficked Lorain Rd.; - High traffic counts of 13,954 VPD.; - Located in an affluent area with an average household income of $123,209 (5-mile radius).
    (216) 687-1800
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    24053 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
    24053 Lorain Rd North Olmsted, OH 44070
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