Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Inside Meijer Title is generated by Realmo AI

    5350 N Leavitt Rd, Lorain, OH 44053

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail opportunity within high-traffic Meijer stores in the Midwest.

    Type:Retail
    Added:
    Oct 30, 2025
    Days on Market:
    193
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 5350 N Leavitt Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 5350 N Leavitt Rd Contact us

    We can help!

    Listing Contact
    Kevin Marschall

    Listing agent Kevin Marschall License #471022479

    Listing office InStore Commercial Real Estate

    Listing date Oct 30, 2025

    Source Crexi

    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 InStore Commercial Real Estate

    HighLights

    • High‑traffic, front‑of‑store location within Meijer, providing unparalleled visibility and customer interaction.
    • Access to thousands of weekly Meijer customers, driving potential business growth.
    • All‑inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities.
    • Branding opportunities with interior and exterior signage on the building’s façade.
    • Located in thriving trade areas with exceptional demographics.
    • Multiple vacancies available throughout the Midwest.

    Overview

    This retail leasing opportunity is located within high-traffic Meijer stores throughout the Midwest. The spaces offer prime, front-of-store locations with visibility and access to thousands of customers weekly. This store-within-a-store concept offers benefits that make it an attractive retail location. The spaces are strategically placed for maximum visibility and customer interaction, leveraging Meijer’s steady flow of shoppers to drive business growth. The monthly fee covers real estate taxes, property insurance, CAM, and utilities. There are branding opportunities with interior and exterior signage on the building’s façade for added exposure. The locations are in thriving trade areas. Multiple vacancies are available in Meijer stores across key Midwest markets. These spaces are suited for financial institutions, food and beverage businesses, service businesses, health and wellness providers, insurance, and real estate services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Meijer Pharmacy Pharmacy Meijer Deli Food Market Meijer Bakery Bakery Jeffrey Shirkey Pharmacy Western Union Bank

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.208862
    Latitude
    41.422319

    Nearby Similar for Lease

    • $1,295/Mo

      Versatile Commercial Space in Lorain

      Adaptable commercial space suitable for office, studio, or retail use.
      1757 Broadway, Lorain, OH 44052
      View Details
    • $1,200/Mo

      Commercial Property in High-Traffic Area

      Well-maintained commercial property with high visibility and convenient parking.
      5363 Oberlin Avenue, Lorain, OH 44053
      View Details
    • $2,000/Mo

      Downtown Lorain Retail Storefront

      Prime retail space suitable for various business ventures.
      506 Broadway, Lorain, OH 44052
      View Details
    • $3 SF/Yr

      Lorain Industrial Site For Lease

      81,640 SF industrial property with redevelopment potential in Lorain, OH.
      7451 Terminal Drive, Lorain, OH, 44053
      View Details
    • Contact for pricing

      Former Grocery Store For Lease

      49,636 SF former grocery store available for lease.
      1051 Meister Road, Lorain, OH, 44052
      View Details
    • Contact for pricing

      Retail Space in Lorain, Ohio

      Retail space available in well-established shopping center on Route 57.
      2222 Fairless Drive, Lorain, OH, 44055
      View Details
    • $3 SF/Yr

      Warehouse Space Available For Lease

      60,000 SF warehouse divisible for lease in Lorain, OH.
      2001 Elyria Avenue, Lorain, OH, 44052
      View Details
    • Contact for pricing

      Retail Space Near I-90

      Retail space available near I-90 with flexible layout.
      1980-2000 Cooper Foster Park Rd, Lorain, OH
      View Details
    • Contact for pricing

      Lorain Office Space Available

      Office units available for rent in Lorain, Ohio.
      6100 S Broadway, Lorain, OH 44053
      View Details
    • Contact for pricing

      Retail Space in Grocery Anchored Center

      Retail space available in a high-profile, grocery-anchored shopping center.
      3221 Oberlin Avenue, Lorain, OH, 44053
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, 4500 square feet.
      4501 North Leavitt Road, Lorain, OH, 44053
      View Details
    • Contact for pricing

      Lorain Warehouse Space Available

      Warehouse space available for rent in Lorain, Ohio.
      1901 Henderson Drive, Lorain, OH, 44052
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail opportunity within high-traffic Meijer stores in the Midwest.
    Where is this retail space located?
    The property is located at 5350 N Leavitt Rd Lorain, OH.
    What are key features of this property?
    This property features: High‑traffic, front‑of‑store location within Meijer, providing unparalleled visibility and customer interaction.; Access to thousands of weekly Meijer customers, driving potential business growth.; All‑inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Marschall
    Real Estate License ID: 471022479
    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

    Thank You for Inquiry
    5350 N Leavitt Rd, Lorain, OH 44053
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!