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Property profile & analytics
OFF-MARKET
Commercial real estate

4415 Leavitt Rd 1 Lorain, OH 44053-2371

3,541 SF 4 ac lot Built 1967
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-1424313
Property summary
AI-generated overview

The Shops on Leavitt offers a prime 14,625 square foot retail space, opening in 2024. This new shopping center is ideally situated across the street from the thriving Lighthouse Village shopping center in Lorain, Ohio, within the dynamic Lorain-Amherst trade area. Lighthouse Village boasts a strong tenant mix, including major anchors like Walmart, The Home Depot, and Kohl's, along with popular retailers such as Famous Footwear, Skechers, Pet Supplies Plus, Starbucks, and Applebee's. This ensures high foot traffic and visibility for businesses located within The Shops on Leavitt. The surrounding area offers exceptional demographics, with a robust concentration of national and regional retailers and restaurants. Nearby establishments include Meijer, Michael's, Tractor Supply Co., Giant Eagle, Target, Lowe's, Panera Bread, Chick-fil-A, Chipotle, and Five Guys, among many others. This strategic location provides excellent access to a large customer base and significant potential for business growth. The Shops on Leavitt presents a unique opportunity for businesses seeking a high-traffic location within a well-established and successful retail environment. The total building size is 46,500 square feet, offering a variety of potential configurations for multiple tenants. This is a rare opportunity to establish a presence in a rapidly developing area with strong existing retail infrastructure. The property is located in Lorain County, Ohio.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Total area 3,541 SF
Lot 4 ac (174,240 SF)
APN 02-02-007-101-009
UPID US66-1424313
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Grocery Outlet INC · 1 yrs held
Grocery Outlet INC
since 2024
4 recorded transactions
2024
Price N/A
2023
$600,000
2023
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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