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    3471 Steelyard Dr Cleveland, OH 44109

    For Lease
    Contact for pricing

    Prime Restaurant Endcap, High Traffic

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,400 square foot restaurant endcap space is ideally located within the bustling Steelyard Commons in Cleveland, Ohio. Benefitting from over 15 years of successful restaurant operation in the space, the property boasts significant existing infrastructure, including a 2-inch water line, 1,000-gallon grease trap, 4-inch sanitary line, 2.5-inch gas line, and a 12-foot hood. An enclosed patio adds further appeal. The previous tenant successfully operated here for 15 years before relocating to a nearby drive-thru location within the same complex, demonstrating the site's strong potential. Steelyard Commons enjoys exceptional visibility and accessibility, with over 8 million annual customers and over 5 million vehicles annually traversing Steelyard Drive. The property benefits from direct highway access via I-71 and SR 176, and a substantial daytime population of over 200,000 employees within a 5-mile radius provides a large potential customer base. This turnkey opportunity offers a significant advantage for a new restaurant operator seeking a high-traffic location with established infrastructure. The 30-foot frontage ensures excellent visibility and accessibility for customers. This is a rare chance to acquire a well-equipped space in a thriving commercial center.

    Property Features for 3471 Steelyard Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,400 SF

    HighLights

    • 2,400 SF former restaurant endcap space available, featuring 30' of frontage.
    • Previous restaurant tenant occupied for 15 years, relocating within the center.
    • Space includes upgraded restaurant infrastructure: 2" water line, 1,000‑gallon grease trap, 4" sanitary line, 2.5" gas line, and 12' hood.
    • Existing enclosed patio.
    • Over 8 million annual customers.
    • Over 5 million vehicles annually on Steelyard Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.690330412474
    Latitude
    41.459796353106

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    FAQs

    What type of property is this?
    Individual retail property - Prime Restaurant Endcap, High Traffic
    Where is this individual retail property located?
    The property is located at 3471 Steelyard Dr Cleveland, OH.
    What are key features of this property?
    This property features: 2,400 SF former restaurant endcap space available, featuring 30' of frontage.; Previous restaurant tenant occupied for 15 years, relocating within the center.; Space includes upgraded restaurant infrastructure: 2" water line, 1,000-gallon grease trap, 4" sanitary line, 2.5" gas line, and 12' hood.
    Request Owner's contact information
    3471 Steelyard Dr Cleveland, OH 44109
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    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
    3471 Steelyard Dr Cleveland, OH 44109
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