Corner-Leased Office
For Sale
Contact for pricing
Pending
24700 Chagrin Blvd, Beachwood, OH 44122
Fee-simple office building is 80.25% leased with a long-term US Bank ground-floor anchor and a new 2020 boiler system.
Property SizeContact for details
Days on Market148
Property Features for 24700 Chagrin Blvd
General Information
Standard status
Pending
Property subtype
Office
Occupancy
80%
Additional Details
Traffic Count
55,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Goodman Real Estate Services Group LLC
Listed By:
Kyle Hartung · License #OH SAL.2003016343
(216) 381-8200
Source:
Crexi
Added: Apr 11
Changed: Aug 24
Last Checked: Sep 2 at 1:12AM
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
Property Profile
Current Use
Lease Details
55,000 VPD
Traffic count
80.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,012
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
