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Property profile & analytics
OFF-MARKET Estimated value $730,000
Parking lots & garages

27401 Chardon Rd Willoughby Hills, OH 44092-2786

8,818 SF 0.81 ac lot Built 1990
Individually Owned Free & Clear
Property ID
US66-5585025
Property summary
AI-generated overview

The Shoppes at Willoughby Hills presents a unique investment opportunity in a thriving Willoughby Hills, Ohio location. This 391,289 square foot, grocery-anchored shopping center enjoys a highly visible position just south of the I-90 and Bishop Road interchange, ensuring exceptional traffic flow and exposure. A recent acquisition and significant investment by a local developer has resulted in millions of dollars in upgrades, enhancing the center's aesthetic appeal and attracting a diverse tenant mix. Current tenants include Marc's (52,000 SF), Milestone Athletic Club (30,359 SF), Commercial Academy (21,865 SF), and Produce Packaging (155,000 SF). The property offers several compelling leasing opportunities for prospective tenants. Anchor spaces range from 24,500 SF to 45,070 SF, with a junior anchor space of 14,000 SF available adjacent to Marc's (new storefront to be created). Restaurant space is also available, including a 4,227 SF inline space (former Manhattan Deli). Outlot opportunities include a 4,531 SF former freestanding bank building and an additional 5.5 acres of land for new development. This property offers a blend of established tenants and exciting expansion potential, making it an ideal investment for discerning buyers seeking a strong return in a prime retail location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1990
Total area 8,818 SF
Lot 0.81 ac (35,066 SF)
APN 31-A-008-0-00-031-0
UPID US66-5585025
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$472k
Blend (final) Blend
$730k
Owner & transaction history
Gwen Gower
Gwen Gower
since 2025
Last sale
$710,000
3 recorded transactions
2025
$735,500
2023
$710,000
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $740,000 +62.3%
Office building $640,000 +40.1%
Medical building $620,000 +36.2%
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