$1,700,000
About this home
Rare opportunity to add this meticulously maintained retail/office asset, located in the heart of Willoughby, Oh business district, to your portfolio. 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, new 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!
Property details
- MLS
- NOWDD
- MLS #
- 5087351
- Property type
- Retail
- Subdivision
- Hamann Indust Park Sub
- Status
- Active
- Days on market
- 508
- On market date
- November 29, 2024
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 35
- Lot size
- 0.81 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 553
- Student:teacher ratio
- 15.4:1
- District
- Willoughby-Eastlake City
- Enrollment
- 565
- Student:teacher ratio
- 13.8:1
- District
- Willoughby-Eastlake City
- Enrollment
- 1,091
- Student:teacher ratio
- 18.8:1
- District
- Willoughby-Eastlake City
Walkability
Blended score for Willoughby's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Willoughby, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated April 22, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.