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    OFF-MARKET
    Retail properties & Spaces

    3471 Steelyard Dr, Cleveland, OH 44109

    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chipotle Mexican Grill Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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