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    16500 Chagrin Blvd Shaker Heights, OH 44120

    Sponsored
    For Lease
    Contact for pricing

    Cuyahoga County, 2,376 SF Available

    Lot size:
    26,143 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 26,143 square foot Class B commercial property, situated on 1.5 acres in Cuyahoga County, offers a unique blend of medical office and warehouse space. Built in 1990, the single, two-story building features a convenient drive-in bay and elevator access. Currently, 2,376 square feet of space is immediately available for lease, representing a minimum divisible unit. The property is zoned CM and boasts a desirable location with high traffic visibility, allowing for prominent exterior signage. The available suite, Suite 202, is located on the second floor and includes a private entryway and six exam rooms, making it ideal for a variety of medical practices. Potential tenants will benefit from a rent abatement and a generous tenant improvement allowance, providing an opportunity to customize the space to their specific needs. Further enhancing the property's appeal are planned exterior and landscaping improvements. The building's multi-tenant configuration provides flexibility, with the total building size offering significant expansion potential for growing businesses. This versatile property combines the functionality of a medical office with the added benefit of warehouse/garage space, presenting a rare opportunity in a thriving market.

    Property Features for 16500 Chagrin Blvd

    General Information

    Property type
    Automotive properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,143 SF
    Class
    B

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Space 1
    Size
    2,376 SF

    HighLights

    • 2,376 SF of available medical office space in Suite 202, second floor.
    • Building totals 26,143 square feet with a minimum divisible space of 2,376 square feet.
    • Features include a private entryway and six exam rooms.
    • Located on a high‑traffic corner with exterior signage opportunities.
    • Tenant improvement allowance and rent abatement available.
    • Recent exterior and landscaping improvements completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranasinghe Elizabeth S ... Doctor Family Medicine-Occupational Medical Clinic Loving Cup Academy Day Care Center Stephano & Co Beauty Salon Shaker Heights Office Insurance Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shaker Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.565364
    Latitude
    41.4641541

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    FAQs

    What type of property is this?
    Automotive property - Cuyahoga County, 2,376 SF Available
    Where is this automotive property located?
    The property is located at 16500 Chagrin Blvd Shaker Heights, OH.
    What are key features of this property?
    This property features: 2,376 SF of available medical office space in Suite 202, second floor.; Building totals 26,143 square feet with a minimum divisible space of 2,376 square feet.; Features include a private entryway and six exam rooms.
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    16500 Chagrin Blvd Shaker Heights, OH 44120
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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
    16500 Chagrin Blvd Shaker Heights, OH 44120
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