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Steelyard Drive Retail Opportunity
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3471 Steelyard Dr, Cleveland, OH 44109

Retail space available with drive-thru potential in Cleveland, OH.

Space Size1,862 SF - 2,400 SF
Days on Market1057

Property Features for 3471 Steelyard Dr

General Information

Standard status Active
Size 1,862 SF - 2,400 SF
Property subtype Retail

Building Details

Tenancy Multiple

Spaces For Lease

at 3471 Steelyard Dr Contact us

Available Space 1

Size
2,400 SF
Availability
Active
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Available Space 2

Size
1,862 SF
Availability
Active
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Listing Agency: Goodman Real Estate Services Group LLC
Listed By: Zack Sogoloff · License #OH SAL.0000436288
Source: Crexi
Added: Oct 24, 2023 Changed: Sep 11 Last Checked: Sep 13 at 6:03AM

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.

Available retail space offers up to 4,262 square feet, including a 1,862-square-foot space with drive-thru potential and a 2,400-square-foot former restaurant endcap. The previous tenant operated in the space for 15 years before relocating within Steelyard Commons to a freestanding drive-thru location. Restaurant upgrades include a 2-inch water line, a 1,000-gallon grease trap, a 4-inch sanitary line, a 2.5-inch gas line, and a 12-foot hood. An existing enclosed patio is also present. The location benefits from high customer traffic, with over 8 million customers annually and over 5 million vehicles on Steelyard Drive annually. It is directly accessible from I-71 and SR 176. The daytime population within a 5-mile radius includes over 200,000 employees.

Key Highlights

  • High Traffic Location: Over 5 million vehicles annually, with direct access from I‑71 and SR 176.
  • High Customer Volume: Over 8 million customers annually.
  • Restaurant Ready: Includes essential infrastructure like a 2‑inch water line, 1,000‑gallon grease trap, 4‑inch sanitary line, 2.5‑inch gas line, and 12‑foot hood.

Property Analytics

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Current Use

Chipotle Mexican Grill Restaurant

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Law Firm Spa & Massage Center Gym & Fitness Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,862
Businesses Nearby

Demographics for 44109, OH

39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Cleveland, OH

$19.83 /SF/Yr
Avg Asking Price
$11.14–$30 /SF/Yr
Price Range
13,847 SF
Avg Space Size

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019
8.5% 2020
7.2% 2021
6.9% 2022
6.7% 2023
6.9% 2024
7.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available with drive-thru potential in Cleveland, OH.
Where is this retail space located?
The property is located at 3471 Steelyard Dr Cleveland, OH.
What are key features of this property?
This property features: High Traffic Location: Over 5 million vehicles annually, with direct access from I‑71 and SR 176.; High Customer Volume: Over 8 million customers annually.; Restaurant Ready: Includes essential infrastructure like a 2‑inch water line, 1,000‑gallon grease trap, 4‑inch sanitary line, 2.5‑inch gas line, and 12‑foot hood.
More about this property
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