Bank Property with Two
For Lease
$14,583/Mo NNN
15111-15121 Detroit Ave, Lakewood, OH 44107
Existing branch improvements support continued banking use and alternative commercial concepts.
Space SizeContact for details
Days on Market86
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Property Features for 15111-15121 Detroit Ave
General Information
Standard status
Active
Lease Type
NNN
Lease Terms
Lease Rate
$175,000 /USD/YR
Monthly Rent
$14,583
Lease Term
180 months
Additional Details
Space Use
Restaurant
Building Details
Year Built
1998
Listing Agency:
Realty Professionals, Inc.
Listed By:
Tony Kazanas · License #286930
(440) 835-0272
Source:
Thelindsayteam
Added: Jul 22
Changed: Oct 3
Last Checked: Oct 15 at 3:35AM
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 Realty Professionals, Inc.
Investment Insights
Based on property information with market context.
Located at 15111-15121 Detroit Avenue in Lakewood, Ohio, this 1998 bank property includes both buildings and an existing branch configuration. The site is positioned 80 feet from a Detroit Avenue traffic-light intersection, with right-turn access available during morning traffic. It is next to Starbucks and situated in Lakewood, where Detroit Avenue has a Walk Score of 83.
Current leases remain in effect through August 2028. A Triple Net Lease is available with a 10% increase after 5 years, and a 15-year lease is being sought. Alternative concepts identified for the property include a quick-service restaurant or medical facility. Drawings are available showing 200-foot vehicle stacking and a pre-order lane.
Current leases remain in effect through August 2028. A Triple Net Lease is available with a 10% increase after 5 years, and a 15-year lease is being sought. Alternative concepts identified for the property include a quick-service restaurant or medical facility. Drawings are available showing 200-foot vehicle stacking and a pre-order lane.
Key Highlights
- Two buildings included with an existing bank branch configuration
- Current leases remain in effect until August 2028
- Triple Net Lease available with a 10% increase after 5 years
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,777
Businesses Nearby
Explore this area
Business Placement
Demographics for 44107, OH
51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - Existing branch improvements support continued banking use and alternative commercial concepts.
Where is this bank located?
The property is located at 15111-15121 Detroit Ave Lakewood, OH.
What is the lease rate?
The lease rate is $14,583/Mo.
What are key features of this property?
This property features: Two buildings included with an existing bank branch configuration; Current leases remain in effect until August 2028; Triple Net Lease available with a 10% increase after 5 years
