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Two-Building Bank Property
For Lease
$175,000

15121-15111 Detroit Ave, Lakewood, OH

Current leases remain in place through August 2028, with a longer-term lease structure under consideration.

Space SizeContact for details
Days on Market215

Property Features for 15121-15111 Detroit Ave

General Information

Standard status Active
Listing Agency: Realty Professionals, Inc.
Listed By: Tony Kazanas · License #286930
Source: Exprealty
Added: Jan 27 Changed: Aug 29 Last Checked: Aug 29 at 2:22PM

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.

This two-building commercial property is configured around an existing bank branch use, with current leases extending through August 2028. The ownership is seeking a 15-year lease and has identified quick-service restaurant and medical facility concepts as potential alternative uses. Available drawings show approximately 200 feet of vehicle stacking along with a pre-order lane.

The property is located at 15121-15111 Detroit Ave in Lakewood, Ohio, approximately 80 feet from a signalized intersection. Morning traffic can make a right turn at the light. The site is next to Starbucks and sits along Detroit Avenue, providing a setting suited to a visible commercial operation.

Key Highlights

  • Two buildings included in the property offering
  • Current leases extend through August 2028
  • Existing bank branch configuration

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Auto Parts Store Carpet & Flooring Store Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,848
Businesses Nearby

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Bank - Current leases remain in place through August 2028, with a longer-term lease structure under consideration.
Where is this bank located?
The property is located at 15121-15111 Detroit Ave Lakewood, OH.
What is the lease rate?
The lease rate is $175,000.
What are key features of this property?
This property features: Two buildings included in the property offering; Current leases extend through August 2028; Existing bank branch configuration
More about this property
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