Corner-Leased Office
24700 Chagrin Blvd Beachwood, OH 44122
24700 Chagrin Blvd, Beachwood, OH, 44122
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For Sale
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Pending
Fee-simple office building is 80.25% leased with a long-term US Bank ground-floor anchor and a new 2020 boiler system.
Days on Market102
Property Features for 24700 Chagrin Blvd
General Information
- Standard status
- Pending
- Property subtype
- Office
Listing agency
Goodman Real Estate Services Group LLC
(216) 381-8200
Listed by
Kyle Hartung · License #OH SAL.2003016343
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 9:11PM Checked: Jul 21 at 6:09AM
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 Goodman Real Estate Services Group LLC
Investment Insights
Based on property information with market context.
Commerce Park Plaza is offered as a 100% fee-simple interest in an 80.25% leased office building located at the corner of Chagrin Boulevard and Commerce Park Drive. The tenant mix includes a ground-floor anchor tenant, US Bank, which has been in place for 27 years. The owners installed a new entire-building boiler system in 2020 at a cost of over $100,000.
The property is positioned in Beachwood, Ohio on the Chagrin Boulevard corridor. The area supports over 55,634 daytime employees within 3 miles of the building, and daily traffic at the intersection is listed at 55,000 vehicles per day.
With nearly 20% vacancy, there is room to improve occupancy. The City of Beachwood amended zoning to allow multi-family development above the first floor on this parcel as a conditional use, providing flexibility for future redevelopment.
The property is positioned in Beachwood, Ohio on the Chagrin Boulevard corridor. The area supports over 55,634 daytime employees within 3 miles of the building, and daily traffic at the intersection is listed at 55,000 vehicles per day.
With nearly 20% vacancy, there is room to improve occupancy. The City of Beachwood amended zoning to allow multi-family development above the first floor on this parcel as a conditional use, providing flexibility for future redevelopment.
Key Highlights
- 100% fee‑simple interest in Commerce Park Plaza, an 80.25% leased office building in Beachwood, Ohio
- Prominent corner location at Chagrin Boulevard and Commerce Park Drive
- Ground floor anchor tenant US Bank has anchored the building for 27 years
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Fee-simple office building is 80.25% leased with a long-term US Bank ground-floor anchor and a new 2020 boiler system.
Where is this office building located?
The property is located at 24700 Chagrin Blvd Beachwood, OH.
What are key features of this property?
This property features: 100% fee‑simple interest in Commerce Park Plaza, an 80.25% leased office building in Beachwood, Ohio; Prominent corner location at Chagrin Boulevard and Commerce Park Drive; Ground floor anchor tenant US Bank has anchored the building for 27 years
