Cleveland Shopping Center - High Traffic, Strong Anchors
Lot size:
950,000 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
Steelyard Commons, a thriving shopping center in Cuyahoga County, offers exceptional retail opportunities. This 950,000 square foot center boasts a diverse tenant mix, including major anchors such as Target, The Home Depot, Marshalls, Old Navy, Petco, Walmart Supercenter, K&G Fashion Superstore, Party City, Burlington, and Ross Dress for Less. Existing spaces range from 1,100 to 20,388 square feet are immediately available, while future development opportunities span 1,000 to 70,000 square feet. Additionally, outlot opportunities are available, ranging from 0.5 to 4.5 acres. The property enjoys exceptional visibility and accessibility, with direct access from I-71 and SR 176, and benefits from over 5 million vehicles annually traversing Steelyard Drive. The center draws over 8 million customers annually, supported by a robust daytime population exceeding 200,000 employees within a 5-mile radius. Sales exceed $330 per square foot, generating over $250,000,000 in annual sales. The recent $1 billion renovation of the MetroHealth Main Campus, including the opening of the 316-bed Glick Center in 2022, further enhances the area's growth potential and contributes to the revitalization of the Clark-Fulton neighborhood. Minimum divisible space is 1,536 square feet, with a maximum contiguous space of 100,000 square feet. This is a prime opportunity for retailers seeking high-traffic locations with strong anchor tenants and significant growth potential.
Property Features for 3447 Steelyard Dr
General Information
Property type
Lifestyle centers
Lease Type
Gross Lease
RSF (Rentable sq. ft)
950,000 SF
Unit(s) available at that property
Space
Outlots
Size
196,020 SF
Space
Future Development
Size
70,000 SF
Space
Existing Retail Space
Size
20,388 SF
HighLights
950,000 square foot shopping center in Cuyahoga County.
Retail space available from 1,100 to 20,388 SF, plus future development opportunities from 1,000 to 70,000 SF and outlots from 0.5 to 4.5 acres.
Strong sales exceeding $330 per square foot, with over $250 million in annual sales.
High traffic volume: over 8 million customers and 5 million vehicles annually.
Excellent highway access via I‑71 and SR 176.
Large daytime population: over 200,000 employees within a 5‑mile radius.
Lifestyle center - Cleveland Shopping Center - High Traffic, Strong Anchors
Where is this lifestyle center located?
The property is located at 3447 Steelyard Dr Cleveland, OH.
What are key features of this property?
This property features: 950,000 square foot shopping center in Cuyahoga County.; Retail space available from 1,100 to 20,388 SF, plus future development opportunities from 1,000 to 70,000 SF and outlots from 0.5 to 4.5 acres.; Strong sales exceeding $330 per square foot, with over $250 million in annual sales.
Request Owner's contact information
3447 Steelyard Dr Cleveland, OH 44109
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.
3447 Steelyard Dr Cleveland, OH 44109
Message sent successfully
Error
Email to Your Friends
Message sent successfully
Error
Realmo Value Estimation
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.
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.
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
3447 Steelyard Dr Cleveland, OH 44109
More about this listing
3447 Steelyard Dr, Cleveland, OH
Zack Sogoloff
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request price
3447 Steelyard Dr, Cleveland, OH
Zack Sogoloff
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Property Records & Analytics
3447 Steelyard Dr, Cleveland, OH
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request Owner's contact information
3447 Steelyard Dr, Cleveland, OH
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Current Estimation by Request
3447 Steelyard Dr, Cleveland, OH
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Send Message
to 3447 Steelyard Dr Cleveland, OH 44109
3447 Steelyard Dr, Cleveland, OH
Zack Sogoloff
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Google sign-in failed. Please try again or use another login method.