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Single-Tenant Medical Office Building
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450 Avon Belden Rd, Avon Lake, OH 44012

Fully occupied healthcare facility with a double-net lease structure and established clinical operations.

Property Size12,100 SF
Days on Market142

Property Features for 450 Avon Belden Rd

General Information

Standard status Active
Size 12,100 SF
Property subtype Office
Occupancy 100%

Building Details

Year Built 1997
Buildings 1
Building Size 12,100 SF
Tenancy Single
Listing Agency: Marcus & Millichap - Cleveland
Listed By: Christopher Mitchel · License #OH SAL.2014000892
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 8:19PM

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 Marcus & Millichap - Cleveland

Investment Insights

Based on property information with market context.

This 12,100-square-foot medical office property was developed in 1997 and is fully leased to The Cleveland Clinic Foundation. The facility accommodates a broad range of care, including endocrinology, optometry, orthopaedics, family medicine, neurology, occupational therapy, X-ray services, and speech pathology. The double-net lease structure requires minimal landlord obligations, and the tenant has renewed for a three-year term with one additional three-year renewal option.

The building occupies the corner of Walker Road and Avon Belden Road in Avon Lake, Ohio, where the intersection records more than 20,000 vehicles per day. Surrounding businesses include Walgreens, Great Clips, Buffalo Wild Wings, Conrad’s, Take 5 Oil Change, Sherwin-Williams, and McDonald’s.

Key Highlights

  • 12,100‑square‑foot medical office building developed in 1997
  • 100% leased to The Cleveland Clinic Foundation
  • Double‑net lease structure with minimal landlord obligations

Property Analytics

Current Use

Rowland Joy DPM Physician Cleveland Clinic Cole ... Eye Care Center Costin III John ... Physician Allan Daniel K ... Pediatrician Dr. Michael C. ... Physician

Suggested Use

Top Pick Parking Lot & Garage Law Firm Hair Salon Auto Parts Store Dental Office (Bike/Boat/Book/etc) 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

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
Under-served
Demand for This Use

Demographics for 44012, OH

25,206
Population
10,884
Households
2.3
Avg Household Size
45
Median Age
54%
College-Educated
98%
High-School Grad
11.1 sq mi
ZIP Area
2,271
Density / Sq Mi
$110,174
Median Household Income
$63,289
Median Earnings
$1,500
Median Rent
$337,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Landings Animal Hospital 516 Avon Belden Rd, Avon Lake, OH 44012

Frequently Asked Questions

What type of property is this?
Medical Office Space - Fully occupied healthcare facility with a double-net lease structure and established clinical operations.
Where is this medical office space located?
The property is located at 450 Avon Belden Rd Avon Lake, OH.
What are key features of this property?
This property features: 12,100‑square‑foot medical office building developed in 1997; 100% leased to The Cleveland Clinic Foundation; Double‑net lease structure with minimal landlord obligations
(216) 264-2049 Call to check price and availability
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