Euclid Retail Plaza for
22530 Lakeshore Blvd Euclid, OH 44123
For Sale
Contact for pricing
Fully occupied retail center with national tenants in Euclid, Ohio.
Property Size11,494 SF
Lot Size0.40 Acres
Price / SF$130
Days on Market166
Property Features for 22530 Lakeshore Blvd
General Information
- Standard status
- Active
- Size
- 11,494 SF
- Lot size
- 0.40 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1947
Listing Agency:
Horvath & Tremblay
Listed By:
Michael Mintz · License #IL
Source:
Crexi
Added: Feb 10
Changed: Jul 10
Last Checked: Jul 25 at 6:37AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The Dollar General Center, located at 22530 Lake Shore Boulevard in Euclid, Ohio, is available for purchase. This retail plaza features an 11,394 square-foot building on a 0.40-acre lot. The property is fully occupied by four tenants: Dollar General, Wingstop, State Farm Insurance, and Acceptance Insurance. All four are nationally recognized brands and contribute to operating expense reimbursements, including real estate taxes, insurance, and common area maintenance. The property benefits from its location along Lake Shore Boulevard, a primary retail and commuter corridor in Euclid, offering visibility, frontage, and access. The Dollar General Center is adjacent to Shore Center Plaza, which is anchored by Aldi and Burlington. The surrounding area includes residential neighborhoods and service-oriented businesses. Proximity to Interstate 90, U.S. Route 6, and State Route 2 provides access to downtown Cleveland, nearby suburbs, and the Northeast Ohio market.
Key Highlights
- 100% occupied retail plaza with four nationally recognized tenants
- Dollar General with a long operating history at the property
- Located on Lake Shore Boulevard, a primary retail corridor, with strong visibility and access
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.4k | $15.00 |
| − Vacancy | −$15.5k | −$1.35 |
| EGI | $156.9k | $13.65 |
| − OpEx | −$47.1k | −$4.10 |
| NOI | $109.8k | $9.56 |
11,494 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,825 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.21M
$8.06M – $10.74M
NOI $644,665 @ 7.0% cap · market cap 43.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Shore Center Plaza Euclid — Euclid, OH 44123
- Vendor Exhibitors Mall — 291 E 222nd St Room 33, Euclid, OH 44123
- Lakeshore Plaza — Euclid, OH 44123
FAQs
What type of property is this?
Shopping center - Fully occupied retail center with national tenants in Euclid, Ohio.
Where is this shopping center located?
The property is located at 22530 Lakeshore Blvd Euclid, OH.
What is the asking price?
The asking price for this property is $1,494,220.
What are key features of this property?
This property features: 100% occupied retail plaza with four nationally recognized tenants; Dollar General with a long operating history at the property; Located on Lake Shore Boulevard, a primary retail corridor, with strong visibility and access
