27401 Chardon Rd Willoughby Hills, OH 44092-2786
Property profile & analytics
27401 Chardon Rd, Willoughby Hills, OH 44092-2786
- Parking lots & garages
- 8,818 SF
- 0.81 lot acres
Property ID
US66-5585025
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 27401 Chardon Rd
- Year built
- 1990
- Lot size
- 0.81 lot acres
- Property type
- Parking lots & garages
- APN
- 31-A-008-0-00-031-0
- APU
- 31A0080000310
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $765,000
- ML approach
- $735,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $472,000
Market price range: $211k - $716k -
Alternative Use
- Use
- Estimation
- PARKING LOT
- $455,000 Current use
- AUTO REPAIR, GARAGE
- $740,000 Change: +62% Conversion: Difficult
- OFFICE BUILDING
- $640,000 Change: +40% Conversion: Difficult
- MEDICAL BUILDING
- $620,000 Change: +36% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $590,000 Change: +30% Conversion: Difficult
- RETAIL STORES
- $555,000 Change: +21% Conversion: Difficult
- WAREHOUSE, STORAGE
- $490,000 Change: +7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Willoughby Hills
- County
- Lake
- State
- Ohio
- Longitude
- -81.4863
- Latitude
- 41.583
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,595
$40,810
$58,560
$99,370
-
$116,590
$167,320
$283,910
