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Two-Story Office Building Suites
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23980 Chagrin Blvd, Beachwood, OH 44122

Two-story office building offers multiple suites with ample free surface parking and in-suite electric.

Property Size1,197 SF
Days on Market763

Property Features for 23980 Chagrin Blvd

General Information

Standard status Active
Size 1,197 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Highway Access Yes

Amenities

walk to restaurants and shopping
building monument sign
near bank branches with ATMs
convenient overnight courier drop boxes

Building Details

Stories 2
Tenancy Multi
Listing Agency: Lee & Associates | Cleveland
Listed By: Jeremy Steiger, SIOR
Source: Moodyscre
Added: Jun 28, 2024 Changed: Jul 26 Last Checked: Jul 30 at 7:40AM

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 Lee & Associates | Cleveland

Investment Insights

Based on property information with market context.

This two-story office building totals 12,000 square feet and offers multiple available office suites, including approximately 818, 1,007 to 1,197, and 1,040 RSF configurations. Suite rents are quoted at $13.00—$14.50 per RSF, with in-suite electric billed separately.

The property is located near the I-271 Chagrin Boulevard exit, with Chagrin Boulevard positioned between Richmond Road and S. Green Road. A building monument sign is located on Chagrin Boulevard, and the area includes nearby bank branches with ATMs, along with overnight courier drop boxes.

On-site parking is described as ample and free via surface lots, supporting convenient tenant and visitor access.

Key Highlights

  • Two‑story office building totaling 12,000 SF
  • Multiple suites available: approximately 818, 1,007 to 1,197, and 1,040 RSF
  • Asking rent $13.00–$14.50/RSF plus in‑suite electric

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Barber Shop 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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,992
Businesses Nearby

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

Lease Benchmarks for Beachwood, OH

$17.25 /SF/Yr
Avg Asking Price
$14.5–$22 /SF/Yr
Price Range
15,967 SF
Avg Space Size

This space is priced 16% below the average of $17.25 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Two-story office building offers multiple suites with ample free surface parking and in-suite electric.
Where is this office units located?
The property is located at 23980 Chagrin Blvd Beachwood, OH.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: Two‑story office building totaling 12,000 SF; Multiple suites available: approximately 818, 1,007 to 1,197, and 1,040 RSF; Asking rent $13.00–$14.50/RSF plus in‑suite electric
(216) 920-7777 Call to check price and availability
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