38201 Erie St Willoughby, OH 44094
This exceptional 4,149 square foot freestanding retail building presents a compelling investment opportunity in the heart of historic downtown Willoughby, Ohio. Situated on a prominent 0.91-acre corner lot at the intersection of Mentor Avenue and Erie Street, this property benefits from high visibility and significant foot traffic. The building's strategic location places it amidst a vibrant mix of independent restaurants and retailers, including Barrio, Citizens Bank, the US Post Office, and several other popular establishments. This ensures a strong existing customer base and potential for synergistic partnerships. The property boasts a convenient drive-thru, adding further appeal to potential tenants. With daily traffic counts exceeding 15,790 on Erie Street and 18,180 on Mentor Avenue, this location offers unparalleled exposure for any business. The building's current configuration as a single-tenant space provides flexibility for a variety of uses, while the substantial lot size presents exciting redevelopment potential. This is an exceptional opportunity to acquire a prime retail property in a thriving downtown area with strong demographics and high traffic volume. The property is located in Lake County, Ohio, with the address being 38201 Erie Street, Willoughby, OH 44094.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.