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    16015 Lake Shore Blvd Cleveland, OH 44110

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    For Lease
    $899,000

    Retail space with high traffic and built-in customer base.

    Property size:
    7,636 SF
    Lot size:
    0.73 Acres

    Property Features for 16015 Lake Shore Blvd

    General Information

    Size
    7,636 SF
    Lot size
    0.73 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

    Former Dollar General Retail Space

    This 7,636-square-foot retail space, formerly a Dollar General, offers a flexible layout suitable for various businesses, including quick-service restaurants, convenience stores, medical facilities, or other daily-needs users. The property is located on high-traffic Lakeshore Blvd, providing immediate access to I-90, public transit, and ride-share routes. The surrounding area includes multifamily housing and senior living facilities, contributing to a consistent, built-in customer base. Over 176,000 residents live within a 5-mile radius. Nearby co-tenants and traffic drivers include KFC, AutoZone, Family Dollar, Boost Mobile, Georgio’s Pizza, the Collinwood Rec Center, and the Cleveland Public Library.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Grocery Store Western Union Money Transfer Service Dollar General #16834 Dollar Store

    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
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5688292
    Latitude
    41.5797987

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    FAQs

    What type of property is this?
    Retail space - Retail space with high traffic and built-in customer base.
    Where is this retail space located?
    The property is located at 16015 Lake Shore Blvd Cleveland, OH.
    What are key features of this property?
    This property features: - High-traffic location on Lakeshore Blvd with immediate access to I-90, public transit, and ride-share routes.; - Over 176,000 residents within a 5-mile radius, surrounded by multifamily housing and senior living.; - Flexible space suitable for QSR, convenience, medical, or other daily-needs users.
    (216) 861-5286
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    16015 Lake Shore Blvd Cleveland, OH 44110
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    Cleveland, OH 44110
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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
    16015 Lake Shore Blvd Cleveland, OH 44110
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