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Discount-Anchored Shopping Center
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Pending

540 WATER ST, Chardon, OH 44024

Established retail center with Tractor Supply and Ollie’s tenancy.

Property Size148,830 SF
Days on Market131

Property Features for 540 WATER ST

General Information

Standard status Pending
Size 148,830 SF
Property subtype Retail
Occupancy 94%
Investment Type Value Add
Net Operating Income $444,478

Additional Details

Anchor Co-Tenants Tractor Supply, Ollie's, Giant Eagle

Building Details

Year Built 1973
Stories 1
Units 52
Tenancy Multi
Listing Agency: Cleeman Realty Group
Listed By: Michael Cleeman · License #NY 10491206986
Source: Crexi
Added: Apr 23 Changed: Aug 31 Last Checked: Aug 30 at 9:51PM

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 Cleeman Realty Group

Investment Insights

Based on property information with market context.

Maple Leaf Plaza is a 148,830-square-foot shopping center at 540 Water Street in Chardon, Ohio. Constructed in 1973, the property is anchored by discount-oriented retail and includes long-term occupancy by Tractor Supply, which has been at the center for 30+ years, along with an Ollie’s location.

The center serves Geauga County’s primary retail corridor and benefits from nearby Giant Eagle as a shadow anchor. Existing tenancy, established retail operations, and the property’s substantial scale define the asset’s commercial profile.

Key Highlights

  • 148,830 SF shopping center
  • Tractor Supply tenancy of 30+ years
  • Ollie’s provides additional discount‑retail tenancy

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Pharmacy Parking Lot & Garage Hair Salon Nail Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

119
Businesses Nearby
Under-served
Demand for This Use

Demographics for 44024, OH

23,795
Population
9,560
Households
2.5
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
90.0 sq mi
ZIP Area
264
Density / Sq Mi
$104,808
Median Household Income
$50,444
Median Earnings
$1,022
Median Rent
$298,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Established retail center with Tractor Supply and Ollie’s tenancy.
Where is this shopping center located?
The property is located at 540 WATER ST Chardon, OH.
What is the asking price?
The asking price for this property is $5,735,000.
What are key features of this property?
This property features: 148,830 SF shopping center; Tractor Supply tenancy of 30+ years; Ollie’s provides additional discount‑retail tenancy
More about this property
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