16500 Chagrin Blvd Shaker Heights, OH 44120
This exceptional 26,143 square foot Class B commercial property, situated on 1.5 acres in Cuyahoga County, offers a unique blend of medical office and warehouse space. Built in 1990, the single, two-story building features a convenient drive-in bay and elevator access. Currently, 2,376 square feet of space is immediately available for lease, representing a minimum divisible unit. The property is zoned CM and boasts a desirable location with high traffic visibility, allowing for prominent exterior signage. The available suite, Suite 202, is located on the second floor and includes a private entryway and six exam rooms, making it ideal for a variety of medical practices. Potential tenants will benefit from a rent abatement and a generous tenant improvement allowance, providing an opportunity to customize the space to their specific needs. Further enhancing the property's appeal are planned exterior and landscaping improvements. The building's multi-tenant configuration provides flexibility, with the total building size offering significant expansion potential for growing businesses. This versatile property combines the functionality of a medical office with the added benefit of warehouse/garage space, presenting a rare opportunity in a thriving market.
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
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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.