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Retail Space in Busy Center
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1627 North Memorial Drive, Lancaster, OH 43130

Located in Lancaster's main shopping district near River Valley Mall.

Space SizeContact for details
Days on Market275

Property Features for 1627 North Memorial Drive

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Columbus
Listed By: Luke Streng · License #2007004532
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 11 Last Checked: Aug 24 at 11:50AM

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 | Columbus

Investment Insights

Based on property information with market context.

This retail property is located in a shopping center anchored by a 105,000 SF Kroger Marketplace, a Home Goods, and a PetSmart. Situated just south of the River Valley Mall, it's in the main shopping district for Lancaster, on the northwest side of the trade area. The location on N Memorial Dr places it within a dense retail corridor that serves the greater trade area. Nearby retailers include Target, Hobby Lobby, JC Penney’s, TJ Maxx, Dick's Sporting Goods, Wal-Mart, Menard’s, Lowe’s, Best Buy, Cinemark, and numerous quick-service and sit-down restaurants. The shopping center is accessible via two full movement/traffic controlled curb cuts onto N. Memorial Drive. Traffic counts exceed 28,034 VPD along N Memorial Drive in front of the site. The property size is 6,870 SF.

Key Highlights

  • Located in the main shopping district of Lancaster, near the River Valley Mall.
  • Anchored by a 105,000 SF Kroger Marketplace.
  • Features new Home Goods and PetSmart stores.

Property Analytics

Current Use

Kroger Deli Food Market

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Storage Facility

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

650
Businesses Nearby
Balanced
Demand for This Use

Demographics for 43130, OH

62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value

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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Similar Off Market Nearby

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  • River Valley Mall 1635 River Valley Cir S, Lancaster, OH 43130

Frequently Asked Questions

What type of property is this?
Shopping center - Located in Lancaster's main shopping district near River Valley Mall.
Where is this shopping center located?
The property is located at 1627 North Memorial Drive Lancaster, OH.
What are key features of this property?
This property features: Located in the main shopping district of Lancaster, near the River Valley Mall.; Anchored by a **105,000 SF Kroger Marketplace.**; Features new Home Goods and PetSmart stores.
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