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    38029 3Rd St Willoughby, OH 44094

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    For Lease
    $15 SF/Yr ($4,437 /Mo)

    Free-standing office building in prime downtown Willoughby location for lease.

    Property size:
    3,550 SF
    Lot size:
    0.32 Acres

    Property Features for 38029 3Rd St

    General Information

    Size
    3,550 SF
    Lot size
    0.32 Acres

    Source: Sequoia Realty Agent Patrick Dowd

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

    Overview

    Downtown Willoughby Office Space Available

    This free-standing building offers 3,550 square feet of office space for lease at $15.00 per square foot. Situated in prime downtown Willoughby, the property allows convenient access to restaurants, bars, shopping, and parks. The layout includes six large private offices, a corner office with an in-suite restroom, a kitchenette, and men's and women's restrooms. The building features a granite entrance and reception area. Additional amenities include a rear patio area and a small storage garage. A large walk-out basement area provides storage space. This historic building, formerly the downtown Willoughby Post Office, includes a private parking lot for 12 cars behind the building, supplemented by street parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    R J Bostick ... Insurance Broker Americans for Prosperity Non-Profit Organization FG Real Estate Real Estate Agency Lakeside Investments Financial Planner

    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
    Willoughby
    County
    Lake
    State
    Ohio
    Longitude
    -81.4085048
    Latitude
    41.6418128

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    FAQs

    What type of property is this?
    Office building - Free-standing office building in prime downtown Willoughby location for lease.
    Where is this office building located?
    The property is located at 38029 3Rd St Willoughby, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Willoughby Office Space; - Rare Free Standing 3,550+\/- Sq. Ft.; - Walk to Everything in Downtown Willoughby
    (440) 946-8600
    Request Owner's contact information
    38029 3Rd St 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
    38029 3Rd St Willoughby, OH 44094
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