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Former Dollar General Retail Space

16015 Lakeshore Blvd, Cleveland, OH

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For Sale

Contact for pricing

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

Type:RETAIL

Property size:

7,636 SF

Lot size:

0.73 Acres

Price / SF:

$117/SF

HighLights

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.
Former Dollar General layout.
Co‑tenancy with KFC, AutoZone, Family Dollar, Boost Mobile, Georgio’s Pizza.
Nearby community anchors include Collinwood Rec Center and Cleveland Public Library.

We can help!

Listing Contact

Jared Shapiro

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

7,636 SF

Lot size:

0.73 Acres

Price / SF:

$117/SF

Added:: May 15, 2025
Days on Market:: 398
Last Refresh:: May 20 at 8:13 pm

Property Features for 16015 Lakeshore Blvd

General Information

Standard status: Active
Size: 7,636 SF
Lot size: 0.73 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jared Shapiro

Listing agent Chris Seelig, CCIM License #2020004495

Listing office Colliers | Cleveland

Listing date May 15, 2025

Source Moodyscre

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 Colliers | Cleveland

HighLights

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.
Former Dollar General layout.
Co‑tenancy with KFC, AutoZone, Family Dollar, Boost Mobile, Georgio’s Pizza.
Nearby community anchors include Collinwood Rec Center and Cleveland Public Library.

Overview

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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$114.5k	$15.00
− Vacancy	−$9.7k	−$1.28
EGI	$104.8k	$13.73
− OpEx	−$31.4k	−$4.12
NOI	$73.4k	$9.61

7,636 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.05M

$917.0K – $1.22M (±1% cap)

NOI $73,363 @ 7.0% cap · market cap 8.16%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,440 @ 7.0% cap · market cap 14.51%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Dollar General Grocery & Convenience Store Western Union Bank Dollar General #16834 Discount Store

Suggested Use

Location Insight

Map
Local Demand

City: Cleveland
County: Cuyahoga
State: Ohio
Longitude: -81.5688
Latitude: 41.5798

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For sale
Retail space
OH
Cleveland
16015 Lakeshore Blvd

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 Lakeshore Blvd Cleveland, OH.

What is the asking price?

The asking price for this property is $899,000.

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.

16015 Lakeshore Blvd, Cleveland, OH

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

Property Features for 16015 Lakeshore Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Office Building

Turnkey Retail Building in Cleveland

Asian Town Mixed-Use Assemblage

Renovated Three-Unit Multifamily

Remodeled Six-Plex on Dead-End Street

Daycare Facility in Cleveland, OH

Mixed-Use Office and Residential Property

Turnkey Bar and Restaurant with Banquet Hall

Retail Store with Brick Front

Turnkey Triplex in South Collinwood

Turnkey Entertainment Venue Opportunity

Spacious Cleveland Duplex Investment Opportunity

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