Westlake Multi-Tenant Office
For Sale
Contact for pricing
24441-24481 Detroit Road, Westlake, OH 44115
38,241 SF multi-tenant office building in Westlake, Ohio.
Property Size38,241 SF
Price / SF$104.47
Days on Market103
Property Features for 24441-24481 Detroit Road
General Information
Standard status
Active
Size
38,241 SF
Class
B
Total Parking Spaces
188
Property subtype
Office
Occupancy
96%
Investment Type
Stabilized
Net Operating Income
$361,916
Building Details
Year Built
1973
Buildings
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
(216) 232-4104
Listed By:
Max Ferguson · License #SAL.2024001884
Source:
Crexi
Added: May 21
Changed: Aug 16
Last Checked: Aug 29 at 1:28PM
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 Cushman & Wakefield | CRESCO Real Estate
Investment Insights
Based on property information with market context.
This 38,241 SF multi-tenant office building is located at 24441 Detroit Road in Cleveland, Ohio, within the affluent Westlake submarket. The property benefits from proximity to amenities, including the 4.5 million-square-foot Crocker Park lifestyle center and I-90. The First Federal building is anchored by First Federal Lakewood, which occupies 55% of the building. The building's 15-suite layout offers an alternative to large floor plates, catering to professional firms. The property benefits from Westlake's demographics and regional connectivity.
Key Highlights
- Located in Westlake, an affluent and highly desirable suburban area of Greater Cleveland.
- Anchored by First Federal Lakewood, occupying 55% of the 38,241 SF building.
- Unmatched proximity to premier amenities, including Crocker Park lifestyle center.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 44115, OH
8,985
Population
5,691
Households
1.6
Avg Household Size
27
Median Age
34%
College-Educated
86%
High-School Grad
2.1 sq mi
ZIP Area
4,279
Density / Sq Mi
$21,293
Median Household Income
$27,515
Median Earnings
$850
Median Rent
$151,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 38,241 SF multi-tenant office building in Westlake, Ohio.
Where is this office building located?
The property is located at 24441-24481 Detroit Road Westlake, OH.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Located in Westlake, an affluent and highly desirable suburban area of Greater Cleveland.; Anchored by First Federal Lakewood, occupying 55% of the 38,241 SF building.; Unmatched proximity to premier amenities, including Crocker Park lifestyle center.
