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Two-Story Restaurant Building
For Lease
$13,000/Mo

3941 Erie Street, Willoughby, OH 44094

Fully equipped venue with brewery equipment, two bars, elevator, and rooftop patio.

Space SizeContact for details
Property Size8,700 SF
Days on Market481

Property Features for 3941 Erie Street

General Information

Standard status Active
Size 8,700 SF
Total Parking Spaces 48

Building Details

Building Size 8,700 SF
Year Built 2016
Buildings 1
Listing Agency: Keller Williams Greater Cleveland Northeast
Listed By: Rick Osborne · License #2010001710
Source: Carolgoffrealestate
Added: May 7, 2025 Changed: Aug 30 Last Checked: Aug 30 at 5:11AM

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 Keller Williams Greater Cleveland Northeast

Investment Insights

Based on property information with market context.

Available for lease, this 8,700-square-foot restaurant building was constructed in 2016 and includes a complete hospitality-oriented setup. The two-story property features a large open-concept kitchen, two full bars, brewery equipment, a private office, restrooms on both levels, and an elevator. Indoor seating accommodates up to 160 guests, while the rooftop patio seats up to 75 and includes a fireplace.

The property is located at 3941 Erie Street in Willoughby, adjacent to the Chagrin River and near a high-traffic intersection. It offers visibility along Erie Street near Route 20, along with an exclusive parking lot. Existing liquor licensing includes A1A, A1C, and D6 designations.

Key Highlights

  • 8,700 SF two‑story building constructed in 2016
  • Indoor seating for up to 160 guests
  • Rooftop patio with fireplace and seating for up to 75

Property Analytics

Current Use

The Kraken Cocktail Room Bar & Pub

Suggested Use

Top Pick Dental Office Pharmacy HVAC Service Parking Lot & Garage Grocery & Convenience Store Garden 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

783
Businesses Nearby
Under-served
Demand for This Use

Demographics for 44094, OH

37,634
Population
18,323
Households
2.1
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
948
Density / Sq Mi
$76,125
Median Household Income
$49,393
Median Earnings
$1,155
Median Rent
$247,600
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully equipped venue with brewery equipment, two bars, elevator, and rooftop patio.
Where is this conventional restaurant located?
The property is located at 3941 Erie Street Willoughby, OH.
What is the lease rate?
The lease rate is $13,000/Mo.
What are key features of this property?
This property features: 8,700 SF two‑story building constructed in 2016; Indoor seating for up to 160 guests; Rooftop patio with fireplace and seating for up to 75
More about this property
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