Map of Property

Commercial 9-Unit Investment Property

For Sale

37111 Euclid Ave, Willoughby, OH 44094

This Willoughby property for sale is located at 37111 Euclid Ave. The general use of Commercial 9-Unit Investment Property is retail and it incorporates 11,250 square feet of class B retail space. The current listed sale price for Commercial 9-Unit Investment Property is $2,200,000. Commercial 9-Unit Investment Property is situated on a lot that is 0.81 acre in size.

Contacts

broker
Rick Osborne Jr.

KW Greater Cleveland Northeast

Property Details

  • Property Type Retail - Street Retail
  • Property Size 11,250 SF
  • Units 9
  • Lot Size 0.81 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 1998
  • Year Renovated 2015
  • Date Updated Dec 11, 2024
Discover the vibrant potential of the Willoughby, OH area. Situated in the heart of the Greater Cleveland market, this location offers a prime opportunity for retail and street retail investment. With close proximity to the popular downtown Willoughby district, investors can tap into a thriving local economy and a strong consumer market. The area boasts a mix of trendy shops, cozy cafes, and bustling restaurants, providing a dynamic urban setting for retail businesses to thrive. Nearby attractions such as beautiful Lake Erie and the scenic Chagrin River add to the area's allure, making it an ideal destination for investors seeking to capitalize on the energy and growth of the Cleveland market.Rare opportunity with this meticulously maintained retail/office asset, located in the heart of Willoughby, OH business district. Situated directly across the street from a newly constructed national grocery, this 11,000+sqft property boasts nine units, occupied by six well established tenants and a newly signed lease from a current tenant. Most leases are in place through 2027. Plenty of room for improvement as current rents are at the low end of market, and can be transitioned into NNN leases. The majority of high ticket Capital Expenditures have already been done in the last five years with; new roof in 2022, HVAC units from 2017-2021, new front supports in 2023, parking lot in 2021. These opportunities do not come available very often in Willoughby, add to your portfolio today!
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Highlights

  • 11,250 SF building with 9 units
  • Built in 1998 with modern features
  • Zoned L1 for commercial use
  • Prime location in the Cleveland area
  • Excellent visibility and foot traffic
  • Versatile space for retail or street retail
  • Well-maintained and move-in ready
  • Ample parking for customers and tenants
  • Strong potential for rental income
  • Proximity to major highways and amenities

Getting around

  • 56/100

    Walk Score ®

  • 41/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Willoughby, OH
  • Zip Code 44094
  • Market Cleveland Akron

Points of Interest

  • Lake Shore Live Steamers

    4.73 miles

  • BJ’s Gas Station

    0.21 miles

  • Circle K

    0.90 miles

  • Sunoco

    0.90 miles

  • Leviton

    1.05 miles

  • Speedway

    1.07 miles

  • Shell

    1.81 miles

  • Sheetz

    1.88 miles

  • BP

    1.99 miles

  • Tesla Destination Charger

    6.31 miles

  • ChargePoint

    6.31 miles

  • P1

    2.64 miles

  • P3

    2.69 miles

  • P2

    2.70 miles

  • P4

    2.76 miles

  • P5

    2.81 miles

  • P7

    2.86 miles

  • P6

    2.89 miles

  • P8

    2.91 miles

  • P9

    2.95 miles

  • P11

    3.00 miles

  • Pizza Booyah and What About Bob’s Subs

    0.01 miles

  • Panini's Grill of Willoughby

    0.20 miles

  • Red Robin

    0.27 miles

  • KP Thai Street Food

    0.32 miles

  • Pulp Juice and Smoothie Bar

    0.33 miles

  • Mr. Hero

    0.33 miles

  • Buffalo Wild Wings

    0.36 miles

  • McDonald's

    0.40 miles

  • Jersey Mike's Subs

    0.41 miles

  • Penn Station

    0.42 miles

  • ALDI

    0.06 miles

  • Giant Eagle

    0.36 miles

  • Target

    0.46 miles

  • Big Lots

    0.87 miles

  • TJ Maxx

    0.90 miles

  • Marc's

    0.93 miles

  • Walmart Supercenter

    1.55 miles

  • Save-A-Lot

    1.71 miles

  • Heinen's

    1.92 miles

  • SweetBerry Fresh Market

    2.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Rick Osborne Jr.

KW Greater Cleveland Northeast