Office Unit with Shell
For Lease
$15 SF/Yr Modified Gross
531 E Smith Road, Medina, OH 44256
CommercialLease, Medina, OH
Space Size1,200 SF
Lot Size0.51 Acres
Days on Market48
Property Features for 531 E Smith Road
General Information
Property type
Commercial Lease
Property subtype
Office
Elementary school district
Medina CSD - 5206
Middle school district
Medina CSD - 5206
High school district
Medina CSD - 5206
Directions
From I-71: Exit 218 (OH-18), west into Medina (~5 mi). South on OH-3/S Court St, then east on E Smith Rd to 531.
Standard status
Active
APN
028-19B-21-279
Lot size
0.51 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1985
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Marlene Antonius · License #2017005485
(216) 904-2851
Added: Jul 20
Changed: Aug 19
Last Checked: Sep 5 at 10:06AM
MLS# 5229072
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.
Investment Insights
Based on property information with market context.
This approximately 1,200-square-foot office unit is delivered in cold dark shell condition, providing a clean starting point for an incoming tenant’s interior buildout. The space previously supported office use, and the available configuration was described as accommodating private work areas and shared workspace. Potential applications identified for the premises include professional office, medical, lab, personal services, and financial services uses.
The property is located at 531 E Smith Road in Medina, Ohio, near surrounding retail and healthcare amenities. Natural gas heating is available, and the building was constructed in 1985. The lease is structured as modified gross, with the tenant responsible for utilities, internet, and a prorated share of increases in base-year property taxes and insurance.
The property is located at 531 E Smith Road in Medina, Ohio, near surrounding retail and healthcare amenities. Natural gas heating is available, and the building was constructed in 1985. The lease is structured as modified gross, with the tenant responsible for utilities, internet, and a prorated share of increases in base-year property taxes and insurance.
Key Highlights
- Approximately 1,200 SF office unit
- Cold dark shell condition supports tenant‑specific buildout
- Potential fit for office, medical, lab, personal services, or financial services uses
Property Analytics
Property Profile
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 44256, OH
64,815
Population
26,740
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
130.8 sq mi
ZIP Area
496
Density / Sq Mi
$100,345
Median Household Income
$55,180
Median Earnings
$1,120
Median Rent
$292,000
Median Home Value
Market
Lease Benchmarks for Medina, OH
$13.16 /SF/Yr
Avg Asking Price
$7.98–$22.2 /SF/Yr
Price Range
1,487 SF
Avg Space Size
This space is priced 14% above the average of $13.16 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial space delivered as a cold dark shell for tenant-specific interior improvements.
Where is this office units located?
The property is located at 531 E Smith Road Medina, OH.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Approximately 1,200 SF office unit; Cold dark shell condition supports tenant‑specific buildout; Potential fit for office, medical, lab, personal services, or financial services uses
