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Property profile & analytics
FOR LEASE
Banks

16601 Chagrin Blvd Shaker Heights, OH 44120

3,500 SF 5.28 ac lot Built 1991
Entity Owned 4-yr Hold Free & Clear
Property ID
US66-0440719
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1991
Total area 3,500 SF
Lot 5.28 ac (229,996 SF)
Zoning code CM
APN 735-17-001
UPID US66-0440719
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.84M
Owner & transaction history
Mw Centers Shaker LLC · 4 yrs held
Mw Centers Shaker LLC
since 2021
Last sale
$14.8M
7 recorded transactions
2021
$14.8M
2017
Price N/A
2012
$11.7M
2010
$8.4M
2009
$8.9M
2006
Price N/A
2000
Price N/A
Zoning & alternative use
CM · Shaker Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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

Zone name Commercial Mixed Use
General category MIXED_USE
Zone area 103.24 ac
Source Realmo
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