5445 Detroit Rd Sheffield, OH 44054
- Office Properties & Spaces
- 12,311 SF
- 1.25 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 5445 Detroit Rd
- Year built
- 2006
- Lot size
- 1.25 lot acres
- Property size
- 12,311 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional owner-user opportunity presents a two-story, 12,311-square-foot Class A office building in Sheffield Lake, Ohio. Built in 2006 and renovated in 2024, the property boasts a 100% occupancy rate with five tenants, generating a strong net operating income (NOI) of $188,982 and a 7.5% capitalization rate. The asking price is $2,519,762.91. Situated on a 1.25-acre lot, this multi-tenant building offers 6,000 square feet of flexible space per floor, ideal for creative or medical office uses. Its attractive design and prime location, with easy access to I-90 and State Route 301, near Lorain County Community College, ensures high visibility and accessibility. The building features a convenient on-site gym with showers. This well-maintained property offers significant long-term value and is an excellent investment for owner-occupants seeking a high-traffic location in a growing area. The building's modern design and strong financial performance make it a compelling opportunity in the competitive Ohio commercial real estate market. This is a turnkey operation with a proven track record of success and immediate income generation.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sheffield
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0716
- Latitude
- 41.429
