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Grocery-Anchored Shopping Center
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2553-2587 Parkman Rd NW, Warren, OH 44485

A 180,488 SF shopping center currently 24% occupied, anchored by Sparkle Market and including multiple inline vacancies.

Property Size86,374 SF
Price / SF$21
Days on Market996

Property Features for 2553-2587 Parkman Rd NW

General Information

Standard status Active
Size 86,374 SF
Property subtype RETAIL
Occupancy 24%

Site & Location

Anchor Co-Tenants Sparkle Market, Dollar Tree, Little Caesar’s Pizza, Metro PCS
Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: Goodman Real Estate
Listed By: Kyle Hartung · License #SAL.2003016343
Source: Moodyscre
Added: Nov 7, 2023 Changed: Jul 30 Last Checked: Jul 30 at 8:27AM

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

Investment Insights

Based on property information with market context.

For qualified investors, this fee simple shopping center opportunity is anchored by Sparkle Market and totals 180,488 square feet. The property is currently 24% occupied and includes grocery-led tenancy plus retail and service tenants such as Dollar Tree, Little Caesar’s Pizza, and Metro PCS.

The center is located near access to the Warren Outer Belt (Route 82) and is surrounded by a dense population base. Grocery anchor Sparkle Market has operated at the property since 1989. Other nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, Rite Aid, and others.

Vacancies include a 94,114 square foot former Kmart, an outlot opportunity, and various-sized inline spaces. Additional leasing positioning is reflected through projections to increase occupancy to 82%.

Key Highlights

  • 180,488 square foot shopping center offered fee simple
  • Currently 24% occupied with grocery‑led tenancy
  • Sparkle Market grocery anchor operating since 1989

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Restaurant Law Firm Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

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

24%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

182
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 49% Dining 30% Groceries 19% Electronics 1%
McDonald's Dining
16,538 visits/mo 0.1 miles
Aldi Groceries
11,997 visits/mo 0.2 miles
Dollar Tree Shops & Services
9,243 visits/mo 0.1 miles
Dollar General Shops & Services
8,744 visits/mo 0.2 miles
Family Dollar Shops & Services
5,017 visits/mo 0.4 miles

Demographics for 44485, OH

15,172
Population
7,640
Households
2
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
1,945
Density / Sq Mi
$33,720
Median Household Income
$30,225
Median Earnings
$818
Median Rent
$73,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Trumbull Plaza — Parkman Rd NW, Warren, OH 44485

Frequently Asked Questions

What type of property is this?
Shopping center - A 180,488 SF shopping center currently 24% occupied, anchored by Sparkle Market and including multiple inline vacancies.
Where is this shopping center located?
The property is located at 2553-2587 Parkman Rd NW Warren, OH.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 180,488 square foot shopping center offered fee simple; Currently 24% occupied with grocery‑led tenancy; Sparkle Market grocery anchor operating since 1989
(216) 342-9305 Call to check price and availability
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