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Property profile & analytics
FOR LEASE
Individual retail properties

5350 N Leavitt Rd Lorain, OH 44053

160,080 SF 14.89 ac lot
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US66-4361233
Property summary
AI-generated overview

This exceptional retail opportunity presents 943 square feet of prime, in-store space within a high-traffic Meijer location in Lorain County. This "store-within-a-store" concept offers unparalleled visibility and access to thousands of weekly customers. The space benefits from a highly visible, front-of-store location, maximizing customer interaction. A fixed monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities, simplifying operational costs. Branding opportunities include both interior and exterior signage, enhancing exposure. The property is situated in a thriving trade area with a desirable customer base. This all-inclusive lease is ideal for a variety of businesses, including but not limited to financial institutions, food and beverage establishments, service businesses, health and wellness providers, and insurance agencies. The space's strategic placement within a well-known Midwest retail destination provides a significant advantage for businesses seeking high foot traffic and brand recognition. This is a unique opportunity to establish a presence in a high-performing retail environment. The entire 943 square feet is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Individual retail properties
Use group APPLIANCE STORE
Total area 160,080 SF
Lot 14.89 ac (648,608 SF)
APN 02-02-002-000-246
UPID US66-4361233
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
  • Meijer Pharmacy Pharmacy
  • Meijer Deli Food Market Restaurant
  • Meijer Bakery Bakery Specialty Food Shop
  • Jeffrey Shirkey Pharmacy
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$24.78M
Comparable Approach Comparable
$13.50M
Blend (final) Blend
$18.86M
Owner & transaction history
STORES MEIJER
STORES MEIJER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $14.9M +50.7%
Restaurant $14.3M +44.5%
Office building $13.8M +39.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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