Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28864 Euclid Avenue Wickliffe, OH 44092

    View on Map
    Claim this Listing
    New
    For Sale
    $345,000

    COMMERCIAL - Wickliffe, OH

    Lot size:
    0.18 Acres
    Added:
    Apr 25, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 25 at 5:06 pm

    Property Features for 28864 Euclid Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    29-B-008-H-00-016-0
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 2 TRACT 8

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jerry A Lesak

    Listing agent Jerry A Lesak License #2003005234

    Listing office McDowell Homes Real Estate Services 7230 Mentor Avenue, Mentor, OH

    Listing date Apr 25, 2026

    MLS# 5204307

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wickliffe Dispensary Opportunity

    This commercial property, known as The Wickliffe Dispensary, presents an opportunity to own a piece of Wickliffe history. Zoned for general business, the property offers various options and opportunities. It features a fenced-in parking lot with a gate. The location benefits from high traffic flow and proximity to freeways. The building has a basement and one bathroom. Previously used for medical purposes, the property is being sold "As IS". All utilities are active. The lot size is 0.1815 acres and is located in Wickliffe, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Crystal Enterprise — 30164 Bonnie View Dr, Wickliffe, OH 44092

    Location Insight

    • Map
    • Local Demand
    City
    Wickliffe
    County
    Lake
    State
    Ohio
    Longitude
    -81.4804668
    Latitude
    41.6013326

    Nearby Similar for Sale

    • $649,900

      Iconic Restaurant Property in Wickliffe

      Established restaurant property with ample parking and seating.
      29303 Euclid Avenue, Wickliffe, OH 44092
      View Details
    • $565,000

      Wickliffe Commercial Space Under Construction

      4500+ sq ft commercial space with customizable features.
      29110 Euclid Avenue, Wickliffe, OH 44092
      View Details
    • $75,000

      Iconic Restaurant Business Opportunity

      Long-established Petti's Pizza business for sale in Wickliffe, Ohio.
      29303 Euclid Avenue, Wickliffe, OH 44092
      View Details
    • $3,886,000
      67,000 SF

      Wickliffe Warehouse/Manufacturing Space For Sale

      67,000 SF warehouse/manufacturing space on 3.02 acres.
      29201 Anderson Rd, Wickliffe, OH
      View Details
    • $2,000,000
      10,000 SF

      Wickliffe Commercial Property with Warehouses

      3.22 acres with three buildings, retail, and warehouse space.
      30150 Lakeland Blvd, Wickliffe, OH 44092
      View Details
    • $185,000
      3,600 SF

      Retail Property Near I-90 Exit

      Retail property with redevelopment potential, accessible to I-90.
      28707 Euclid Ave, Wickliffe, OH 44092
      View Details
    • $1,200,000

      Lakeland Boulevard Commercial Property

      Commercial property for sale on Lakeland Boulevard.
      30150 Lakeland Boulevard, Wickliffe, OH 44092
      View Details
    • $9,870,000
      210,000 SF

      Industrial Warehouse Facility Near I-90

      210,000 SF industrial warehouse on 16.9 acres near I-90.
      1400 Worden Rd, Wickliffe, OH 44092
      View Details

    FAQs

    What type of property is this?
    Drug store - Commercial property in Wickliffe, zoned for general business.
    Where is this drug store located?
    The property is located at 28864 Euclid Avenue Wickliffe, OH.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Zoned General Business: Offers diverse business opportunities.; High Traffic Flow: Ideal for businesses seeking visibility.; Fenced Parking Lot with Gate: Provides secure and convenient parking.
    (440) 487-2157
    We can help!
    Listing Contact
    Jerry A Lesak
    Real Estate License ID: 2003005234
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!