31008 Lk Shr Blvd Willowick, OH 44095-3511
This exceptional 1,260 square foot auto shop, located at 31008 Lake Shore Blvd in Willowick, Ohio, presents a compelling investment opportunity. The property, situated on a 0.67-acre lot, boasts a prime location in a Retail District with high visibility. Built in 1958 and renovated in 1985, this single-story Class B building offers a single tenancy. The property benefits from its position on a signalized corner, making it highly accessible to customers. The area enjoys significant traffic volume, with over 20,000 vehicles per day passing on Vine Street and Lake Shore Boulevard. Furthermore, the property is surrounded by numerous national and regional retailers and quick-service restaurants, indicating a strong and established commercial area. The substantial population within a 5-mile radius (over 117,000 residents) provides a large potential customer base. The asking price for this redevelopment opportunity is $400,000. The property's APN is 28A044G000020. This is a rare chance to acquire a well-situated commercial property in a thriving Ohio community. The zoning is specifically designated for retail use.
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
U-4 · Willowick, OHWillowick. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.