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Freestanding Retail Building For Sale

25775 Lorain Rd North Olmsted, OH 44070

25775 Lorain Rd, North Olmsted, OH, 44070

$1,190,000

For Sale

$1,190,000

3,089 SF retail building on 0.919 acres available for sale.

Property Size3,089 SF

Lot Size0.92 Acres

Price / SF$385.24

AddedApr 15

Days on Market93

Last RefreshJul 15 at 2:17 am

Property Features for 25775 Lorain Rd

General Information

Standard status: Active
Size: 3,089 SF
Lot size: 0.92 Acres
Property subtype: retail

Listing office Cleveland

Listing date Apr 15, 2026

Source Property.jll

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 Cleveland

Investment Insights

Based on property information with market context.

A 3,089 square foot freestanding retail building is available for sale. Constructed in 2010, the property is situated on 0.919 acres and is zoned B-3 General Business. Formerly a bank, the building has been converted into a convenience store. The overhead drive-through remains, but all banking and teller equipment has been removed. New plumbing has been added to the storefront area. There are 10 parking spaces in the front and 17 in the back. The property is located on Lorain Road near Great Northern Mall, offering high visibility and strong traffic exposure, with 17,527 vehicles per day on Lorain Road. The fridge/freezer could stay, subject to negotiation.

Key Highlights

Excellent location on Lorain Road near Great Northern Mall with high traffic exposure (17,527 VPD)
Freestanding 3,089 SF retail building
Large 0.919‑acre lot

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$48.2k	$15.60
− Vacancy	−$3.1k	−$1.01
EGI	$45.1k	$14.59
− OpEx	−$11.3k	−$3.65
NOI	$33.8k	$10.94

3,089 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$482.7K

$422.4K – $563.2K (±1% cap)

NOI $33,792 @ 7.0% cap · market cap 2.84%

Second Best

Retail

$421.6K

$368.9K – $491.9K (±1% cap)

NOI $29,515 @ 7.0% cap · market cap 2.48%

Theoretical Best

Warehouse

$2.48M

$2.17M – $2.89M (±1% cap)

NOI $173,253 @ 7.0% cap · market cap 14.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Campus & Co Community Center

Suggested Use

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Similar Off Market Nearby

Target Grocery — 24646 Brookpark Rd, North Olmsted, OH 44070
Marc's Stores — 26393 Great Northern Shop Center, North Olmsted, OH 44070
J & J Asian Mart Inc. (동양식품) — 24529 Lorain Rd, North Olmsted, OH 44070

What type of property is this?

Grocery and convenience store - 3,089 SF retail building on 0.919 acres available for sale.

Where is this grocery and convenience store located?

The property is located at 25775 Lorain Rd North Olmsted, OH.

What is the asking price?

The asking price for this property is $1,190,000.

What are key features of this property?

This property features: Excellent location on Lorain Road near Great Northern Mall with high traffic exposure (17,527 VPD); Freestanding 3,089 SF retail building; Large 0.919‑acre lot