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    375-409 Lear Rd Avon Lake, OH 44012

    Sponsored
    For Lease
    Contact for pricing

    Avon Lake retail space, prime location, multiple tenants.

    Lot size:
    74,419 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Learwood Square offers exceptional retail opportunities in the thriving Avon Lake community. This single-story shopping center boasts a total of 74,419 square feet, anchored by a Giant Eagle grocery store, ensuring high foot traffic and visibility. Currently, there are two available spaces ranging from 1,200 to 1,892 contiguous square feet, ideal for a variety of businesses. The center enjoys a highly desirable location at the hard corner of Lear Road and Walker Road, providing excellent accessibility and exposure. Strong co-tenancy includes well-established businesses such as CVS, ACE Hardware, Kindercare, Key Bank, Peter & Co. Jewelers, Avon Lake Yoga & Spa, and Onyx Health Club, creating a synergistic and attractive shopping environment. The center is situated in Lorain County, within the affluent Avon Lake suburb, known for its high average household income of $134,327, indicating a strong consumer base with significant purchasing power. A total of 3,092 square feet is currently vacant, presenting a unique opportunity for businesses seeking a presence in this established and successful shopping center. The minimum divisible space is 1,200 square feet.

    Property Features for 375-409 Lear Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,419 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite 377-C
    Size
    1,892 SF
    Space
    Suite 375-M
    Size
    1,200 SF

    HighLights

    • 74,419 SF retail center in Avon Lake, OH.
    • Two available spaces ranging from 1,200 SF to 1,892 SF.
    • Located at the hard corner of Lear Road and Walker Road.
    • Strong tenant mix including Giant Eagle, CVS, ACE Hardware, and other national and local businesses.
    • Situated in an affluent Avon Lake neighborhood with high average household incomes ($134,327).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon Lake
    County
    Lorain
    State
    Ohio
    Longitude
    -81.987106420686
    Latitude
    41.494431426411

    Nearby Comparable

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      5,000 SF

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      Prime 1+ acre outlot for ground lease in Avon, OH.
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    Nearby Similar for Lease

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      49,000 SF

      Avon Retail Center: 1,152 SF Available

      Prime Avon retail space; newly renovated, ample parking.
      33382 Walker Rd, Avon Lake, OH 44012
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      5,000 SF

      Retail Space in Avon Lake

      Retail spaces available in established shopping center anchored by Giant Eagle.
      375 Lear Rd, Avon Lake, OH 44012
      View Details

    FAQs

    What type of property is this?
    Retail property - Avon Lake retail space, prime location, multiple tenants.
    Where is this retail property located?
    The property is located at 375-409 Lear Rd Avon Lake, OH.
    What are key features of this property?
    This property features: 74,419 SF retail center in Avon Lake, OH.; Two available spaces ranging from 1,200 SF to 1,892 SF.; Located at the hard corner of Lear Road and Walker Road.
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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
    375-409 Lear Rd Avon Lake, OH 44012
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