Property profile

23645 Mercantile Rd Beachwood, OH 44122

OFF-MARKET
Warehouses
Property ID
US66-4065263
73,500 SF 4.97 ac lot Built 1974
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Beachwood, Ohio office property, known as Mercantile Business Park, offers a prime location at 23645 Mercantile Rd, 44122, within the desirable Beachwood submarket of Cuyahoga County. The property encompasses a total of 86,000 square feet and features a blend of executive office and open bullpen/showroom spaces, ideal for a variety of business needs. Currently, there are two suites available, with a minimum divisible space of 9,000 square feet and a maximum contiguous space of 16,360 square feet. A total of 25,360 square feet is currently vacant, presenting a significant opportunity for expansion or relocation. Built in 1975, the property sits on a 2.32-acre lot and includes one loading dock, catering to efficient logistics. The property's classification as both office and industrial makes it versatile and suitable for a range of businesses. This is a multi-tenant building offering flexible space options to accommodate diverse business requirements. The property's strategic location in Beachwood offers excellent access to major transportation routes and amenities, making it an attractive option for businesses seeking a high-profile address. Inquire today to explore the leasing opportunities available at this well-situated and versatile commercial property.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 73,500 SF
Lot 4.97 ac (216,536 SF)
Zoning code U-8
APN 742-24-022
UPID US66-4065263

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23645 Mercantile Rd Beachwood, OH 44122-5978
Beachwood metro Census 131105 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$880k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2014
Price N/A
1998
Price N/A
1998
Price N/A

Zoning & alternative use

U-8 · Beachwood, OH
Zoning description

It is the intent of this Chapter (Class U-8 District) to provide for and encourage the reuse and redevelopment of the existing industrial park as a High-Density Mixed-Use Development District in order to create jobs and…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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