Former Steinmart Anchor Store
For Sale
$3,450,000
23949 Chagrin Boulevard, Beachwood, OH 44122
40,700 SF retail space on 3.21 acres for sale.
Property Size40,700 SF
Lot Size3.21 Acres
Price / SF$84.77
Days on Market162
Property Features for 23949 Chagrin Boulevard
General Information
Standard status
Active
Size
40,700 SF
Lot size
3.21 Acres
Property subtype
Retail
Listing Agency:
CBRE | Cleveland
Listed By:
Joseph Khouri · License #2008000837
(216) 658-6120
Source:
Cbre
Added: Mar 25
Changed: Aug 23
Last Checked: Sep 2 at 1:27PM
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 | Cleveland
Investment Insights
Based on property information with market context.
This 40,700 square foot retail space is a former Steinmart located on 3.21 acres. The property is positioned in the heart of the Beachwood MSA, a market featuring high-end retail, over 5 million square feet of office space, and proximity to University Hospital Ahuja, which underwent a $236 million expansion in 2024. The area also includes over 15 hotels with over 2,000 keys. The location benefits from high traffic counts of 25,800 vehicles per day on Chagrin Boulevard. The building features ceiling heights of approximately 17' 11" to 19' 8 3/4" on the south wall and 16' 3" to 18' on the north wall, with a roof that slopes from front to back and internal roof drains. Loading is facilitated by 2 recessed truck wells. Zoned U-4A integrated Business, permitted uses include general retail, hotel, multifamily with ground floor retail, childcare, fitness, and more. The property is subject to the Pavilion CCR's and requires consent from the neighboring owner. It is shadow-anchored by Pavilion Shopping Center and near Giant Eagle, Ross Dress for Less, Petco, and Michaels. There is future potential for an outlot opportunity.
Key Highlights
- Rare anchor store box purchase opportunity in a high‑end retail and demographic market.
- Located in the heart of the Beachwood MSA, surrounded by high‑end retail and over 5m SF of office space, with proximity to University Hospital Ahuja hospital.
- High traffic counts of 25,800 VPD on Chagrin Blvd.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 44122, OH
36,268
Population
17,795
Households
2
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,901
Density / Sq Mi
$97,469
Median Household Income
$58,334
Median Earnings
$1,509
Median Rent
$304,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 40,700 SF retail space on 3.21 acres for sale.
Where is this retail space located?
The property is located at 23949 Chagrin Boulevard Beachwood, OH.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Rare anchor store box purchase opportunity in a high‑end retail and demographic market.; Located in the heart of the Beachwood MSA, surrounded by high‑end retail and over 5m SF of office space, with proximity to University Hospital Ahuja hospital.; High traffic counts of 25,800 VPD on Chagrin Blvd.
