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    55 Shiawassee Ave Fairlawn, OH 44333

    For Lease
    $20 SF/Yr

    Prime Fairlawn location, multiple suites available.

    Lot size:
    15,539 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Fairlawn, OH property at 55 Shiawassee Ave offers a unique investment opportunity. The building, constructed in 1965, boasts a total of 15,539 square feet across two stories, and sits on a generous 2.21-acre lot. Currently zoned B-2, this Class C property presents a versatile mix of retail and office space, ideal for a variety of businesses. The building comprises a single structure with multiple tenancies. Currently, there are three available executive office suites ranging from 100 to 165 square feet, representing a small portion of the total 247 square feet of vacant space. The property's location in Fairlawn offers excellent visibility and accessibility. The substantial lot size provides ample parking and potential for future expansion or development. This is an excellent opportunity to acquire a well-located commercial property with immediate income potential and significant upside. The existing structure provides a solid foundation for a variety of uses, allowing for customization to meet specific business needs. The property's size and zoning offer flexibility for both short-term and long-term investment strategies. Serious inquiries are encouraged.

    Property Features for 55 Shiawassee Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,539 SF
    Class
    C
    Total Rate
    26830.67

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 10B
    Size
    165 SF
    Rate per SF
    $20
    Space
    Suite 6
    Size
    100 SF
    Space
    Suite 5F
    Size
    105 SF
    Rate per SF
    $68

    HighLights

    • Retail and office property totaling 15,539 square feet.
    • Two‑story building on a 2.21‑acre lot in Summit County, Ohio.
    • Class C building constructed in 1965 with one building.
    • Currently features multiple tenants with 247 square feet of vacant space available.
    • Three available retail spaces ranging from 100 to 165 square feet.
    • B‑2 zoning.
    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 Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairlawn
    County
    Summit
    State
    Ohio
    Longitude
    -81.6063248
    Latitude
    41.1280663

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Fairlawn location, multiple suites available.
    Where is this office property / space located?
    The property is located at 55 Shiawassee Ave Fairlawn, OH.
    What is the lease rate?
    The lease rate is $0.00-$68 SF/Yr.
    What are key features of this property?
    This property features: Retail and office property totaling 15,539 square feet.; Two-story building on a 2.21-acre lot in Summit County, Ohio.; Class C building constructed in 1965 with one building.
    Request Owner's contact information
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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
    55 Shiawassee Ave Fairlawn, OH 44333
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