375-409 Lear Rd Avon Lake, OH 44012
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.
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
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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.