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Property profile & analytics
OFF-MARKET
Manufacturing properties

585 Highland E Rd Macedonia, OH 44056-2107

17,500 SF 1.92 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-1677415
Property summary
AI-generated overview

This exceptional industrial property, located at 585 E Highland Rd in Macedonia, Ohio, offers 7,500 square feet of newly renovated warehouse space for lease. Situated on a 1.956-acre lot, this Class B property boasts two single-story buildings with a convenient 17-foot ceiling height. The property features a clear-span design, ideal for a variety of uses including contracting, landscaping, dry storage, distribution, or light assembly. Its zoning is designated L-I, reflecting its suitability for light industrial operations. Built in 1970, the property benefits from recent renovations, ensuring modern functionality. The location provides excellent access to major transportation arteries, including I-271 and State Route 8, offering seamless connectivity throughout the region. Macedonia's business-friendly environment and central location between Cleveland and Akron further enhance the property's appeal. The property's APN is 3300696, and it is located in Summit County. Currently, one unit is available for lease. This is a multi-tenant property.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1970
Total area 17,500 SF
Lot 1.92 ac (83,635 SF)
APN 33-00696
UPID US66-1677415
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
  • Innovative Industries LLC Factory Industrial Manufacturer
  • Teslamend Auto Repair Shop
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
585 East Highland LLC · 3 yrs held
585 East Highland LLC
since 2023
Last sale
$300,000
3 recorded transactions
2023
$300,000
2023
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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