Freestanding Bank Building with
For Lease
Contact for pricing
38201 Erie Street, Willoughby, OH 44094
Freestanding former bank with vault and three drive-thru lanes in Willoughby’s downtown business district.
Space SizeContact for details
Lot Size0.90 Acres
Days on Market71
Property Features for 38201 Erie Street
General Information
Standard status
Active
Lot size
0.90 Acres
Property subtype
Retail
Zoning
D-B Downtown Business District
Additional Details
Traffic Count
30,000 vehicles/day
Listing Agency:
CBRE - Cleveland
(216) 363-6453
Listed By:
Kevin Moss · License #SAL.2015001299
(216) 363-6453
Source:
Cbre
Added: Jun 11
Changed: Aug 17
Last Checked: Aug 20 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Cleveland
Investment Insights
Based on property information with market context.
The property is a freestanding 4,149 SF former bank situated on a 0.90-acre site. It includes a vault and features three drive-thru lanes with teller windows, providing drive-up service functionality for a variety of transaction-based uses.
Located in Downtown Willoughby, a walkable historic retail and entertainment district, the area is supported by established nearby tenants including The Yard on 3rd, Barrio, Pranzo, Wild Goose, Nora’s Public House, Sage Karma Kitchen, Fiona’s Coffee, Michael’s Bakery, and others. The building is positioned in a dense, growing downtown market, with reported combined traffic counts over 30,000 VPD at the site (source: ODOT TIMS). The property is zoned D-B, Downtown Business District.
For tenants seeking a standalone, drive-thru-capable building, this layout offers practical support for service-oriented concepts that benefit from both vehicular access and downtown foot traffic. The existing bank configuration and drive lanes can reduce buildout needs compared with retrofitting a conventional retail box, while the downtown zoning may support a range of business activity consistent with the D-B district.
Located in Downtown Willoughby, a walkable historic retail and entertainment district, the area is supported by established nearby tenants including The Yard on 3rd, Barrio, Pranzo, Wild Goose, Nora’s Public House, Sage Karma Kitchen, Fiona’s Coffee, Michael’s Bakery, and others. The building is positioned in a dense, growing downtown market, with reported combined traffic counts over 30,000 VPD at the site (source: ODOT TIMS). The property is zoned D-B, Downtown Business District.
For tenants seeking a standalone, drive-thru-capable building, this layout offers practical support for service-oriented concepts that benefit from both vehicular access and downtown foot traffic. The existing bank configuration and drive lanes can reduce buildout needs compared with retrofitting a conventional retail box, while the downtown zoning may support a range of business activity consistent with the D-B district.
Key Highlights
- Freestanding 4,149 SF former bank on 0.90 AC in Downtown Willoughby
- Includes a vault and three drive‑thru lanes/teller windows
- Zoned D‑B (Downtown Business District)
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 44094, OH
37,634
Population
18,323
Households
2.1
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
948
Density / Sq Mi
$76,125
Median Household Income
$49,393
Median Earnings
$1,155
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Freestanding former bank with vault and three drive-thru lanes in Willoughby’s downtown business district.
Where is this bank located?
The property is located at 38201 Erie Street Willoughby, OH.
What are key features of this property?
This property features: Freestanding 4,149 SF former bank on 0.90 AC in Downtown Willoughby; Includes a vault and three drive‑thru lanes/teller windows; Zoned D‑B (Downtown Business District)
