16601 Chagrin Blvd Shaker Heights, OH 44120
For Lease
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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.
District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CM · Shaker Heights, OHDistrict is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
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.