Listing Agency: CBRE | Cleveland k***@cbre.com Show Phone

Listed By: Kevin Moss · License #SAL.2015001299 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 19 Last Checked: Aug 21 at 6:51AM

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Investment Insights

Based on property information with market context.

This retail space is located within a well-established shopping center anchored by Save A Lot, situated on the highly trafficked Route 57 in Lorain, Ohio. The property benefits from its close proximity to I-90. An anchor position is available, offering 16,817 square feet of space. The surrounding area has a dense population of 134,077 people within a 5-mile radius, with an average household income of $57,808 within the same radius. The property offers below-market rental rates.

Key Highlights

• Well‑established shopping center anchored by Save A Lot.
• High traffic location on Route 57.
• Anchor position available (16,817 SF).**

Property Analytics

Property Profile

Current Use

Save A Lot Grocery & Convenience Store Amazon Locker - Pard Postal Service

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Repair Shop Spa & Massage Center Hair Salon

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

129

Businesses Nearby

37k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 41% Dining 41% Groceries 15% Electronics 3%

Burger King Dining

13,198 visits/mo 0.1 miles

Dollar General Shops & Services

9,673 visits/mo 0.1 miles

Save-A-Lot Groceries

5,553 visits/mo 0.2 miles

Chase Bank Shops & Services

5,372 visits/mo 0.1 miles

SUBWAY Dining

1,721 visits/mo 0.3 miles

Demographics for 44055, OH

19,331

Population

9,258

Households

2.1

Avg Household Size

36

Median Age

10%

College-Educated

82%

High-School Grad

6.3 sq mi

ZIP Area

3,068

Density / Sq Mi

$36,603

Median Household Income

$30,631

Median Earnings

$848

Median Rent

$95,700

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space available in well-established shopping center on Route 57.

Where is this shopping center located?

The property is located at 2222 Fairless Drive Lorain, OH.

What are key features of this property?

This property features: Well‑established shopping center anchored by Save A Lot.; High traffic location on Route 57.; Anchor position available (16,817 SF).**