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Property profile & analytics

3941 Erie St Willoughby, OH 44094

  • Commercial real estate
  • 1,432 SF
  • 0.08 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US66-0654858
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.

Current Use by Public Records

  • The Kraken Cocktail Room / Bar & Pub / Nightclub

Property Details for 3941 Erie St

Lot size
0.08 lot acres
Property size
1,432 SF
Zone code
C-M
Property type
Commercial real estate
APN
27-B-037-0-00-005-0
APU
27B0370000050

Description

This exceptional mixed-use investment opportunity presents a thriving microbrewery and restaurant at 3941 Erie Street in Willoughby, OH. The property boasts a substantial 9,625 square feet on a 1.56-acre lot, offering ample space for both indoor and outdoor operations. The open-concept design seamlessly blends the two-story interior with a remarkable rooftop patio, capable of seating 75 guests and providing stunning views. Inside, the restaurant comfortably accommodates 160 diners. On-site parking is available for patrons and staff, a significant advantage in a bustling downtown location. The property benefits from its prime position at a high-traffic intersection, ensuring excellent visibility and accessibility. Situated in the heart of Historic Downtown Willoughby, this establishment is part of a vibrant community known for its diverse culinary scene, lively nightlife, unique shopping experiences, and a year-round calendar of arts and entertainment events. This presents a rare chance to acquire a well-established business in a highly desirable and thriving Northeast Ohio location. The asking price is $3,595,000. This turnkey operation offers immediate income potential and significant long-term growth prospects.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Willoughby
County
Lake
State
Ohio
Longitude
-81.4063
Latitude
41.6436
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
$658
$7,500
$0.00
$7,500
-
$21,420
$0.00
$21,420
More about this property
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