16601 Chagrin Blvd Shaker Heights, OH 44120
- Banks
- 3,500 SF
- 5.28 lot acres
Current Use by Public Records
- University Hospitals Urgent Care Shaker Heights / Urgent Care Center
Property Details for 16601 Chagrin Blvd
- Year built
- 1991
- Lot size
- 5.28 lot acres
- Property size
- 3,500 SF
- Zone code
- CM
- Property type
- Banks
- APN
- 735-17-001
- APU
- 73517001
Description
This exceptional retail opportunity presents itself in the highly desirable Shaker Towne Center, located at 16601 Chagrin Blvd in Shaker Heights, Ohio, 44120. The property, a multi-tenant shopping center in Cuyahoga County, boasts a total of 123,197 square feet of retail space. Currently, there are multiple spaces available, offering flexibility for various business needs. Individual spaces range from a minimum of 3,500 square feet to a maximum contiguous space of 5,376 square feet. A total of 8,876 square feet is currently vacant and ready for immediate occupancy. This prime location in Shaker Heights offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and a strong customer base. The property's strategic placement within the vibrant Shaker Heights community ensures a consistent flow of potential customers. This is a rare opportunity to secure retail space in a thriving area with a proven track record of success. The property is classified as a shopping center and offers a unique chance to establish or expand your business in a highly sought-after location. Contact us today to learn more about this exceptional retail space and to schedule a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $13,595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $15,300,000
- 6.5%
- $14,020,000
- 7%
- $14,125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $15,070,000
- Geo Method
- $16,955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $14,490,000
- Retail
- $13,405,000
- Mixed-Use
- $13,470,000
- Hospitality
- $14,630,000
- Educational
- $17,355,000
- Residential Income
- $13,100,000
- Energy
- $15,820,000
- Income-Based Land
- $17,140,000
- Food Service
- $16,970,000
Location Insight
- Map
- Local Demand
- City
- Shaker Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5636
- Latitude
- 41.4651
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
