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Property profile & analytics
OFF-MARKET
Lifestyle centers

3447 Steelyard Dr Cleveland, OH 44109

950,000 SF
Property ID
Property summary
AI-generated overview

Steelyard Commons, a thriving shopping center in Cuyahoga County, offers exceptional retail opportunities. This 950,000 square foot center boasts a diverse tenant mix, including major anchors such as Target, The Home Depot, Marshalls, Old Navy, Petco, Walmart Supercenter, K&G Fashion Superstore, Party City, Burlington, and Ross Dress for Less. Existing spaces range from 1,100 to 20,388 square feet are immediately available, while future development opportunities span 1,000 to 70,000 square feet. Additionally, outlot opportunities are available, ranging from 0.5 to 4.5 acres. The property enjoys exceptional visibility and accessibility, with direct access from I-71 and SR 176, and benefits from over 5 million vehicles annually traversing Steelyard Drive. The center draws over 8 million customers annually, supported by a robust daytime population exceeding 200,000 employees within a 5-mile radius. Sales exceed $330 per square foot, generating over $250,000,000 in annual sales. The recent $1 billion renovation of the MetroHealth Main Campus, including the opening of the 316-bed Glick Center in 2022, further enhances the area's growth potential and contributes to the revitalization of the Clark-Fulton neighborhood. Minimum divisible space is 1,536 square feet, with a maximum contiguous space of 100,000 square feet. This is a prime opportunity for retailers seeking high-traffic locations with strong anchor tenants and significant growth potential.

Property profile
Verified
Property type Lifestyle centers
Total area 950,000 SF
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
  • Steelyard Commons Shopping Center & Mall
  • 3 Guys Handyman Hardware & Home Improvement General Contractor
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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