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Modern commercial building with a white brick facade and large storefront windows
Contemporary commercial building featuring white brick exterior and a dark vertical architectural accent
3941 Erie Street photo 3
3941 Erie Street photo 4
Spacious commercial interior featuring a long bar with seating, multiple dining areas, large windows, chandeliers, and exposed ceiling beams
Interior commercial space with wood-finish flooring, exposed ceiling ductwork, and a decorative truck feature
Spacious commercial interior featuring a full-height glass storefront, exposed ceiling ductwork, and overhead industrial lighting
Open-concept commercial interior featuring exposed white rafter ceiling, dark wood-finish flooring, and a long built-in upholstered booth
Spacious interior featuring wood-finish flooring and a prominent stage area
Expansive bar area featuring a wood-panel accent wall, dark wood-finish flooring, and industrial pendant lighting
Spacious rooftop patio featuring light-colored paver flooring, string lighting, and a dark metal railing
Open-concept commercial interior featuring dark wood-finish tables and black chairs, exposed ductwork, accent walls with barrel-top decor, and built-in booth seating with brown upholstery
12 photos

$2,800,000

3941 Erie Street
Willoughby, OH 44094
Listed by Rick Osborne · Keller Williams Greater Cleveland Northeast
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2016

About this home

Investment Opportunity--New Single Tenant Asset--10-year Lease. PRIME LOCATION for an exceptional investment opportunity in Historic Downtown Willoughby! This stunning 8,700 SF modern two-story building was constructed in 2016 for fine dining restaurant. This venue is located adjacent to the Chagrin River near a high traffic intersection with high visibility on Erie Street off of Route 20. Experience Northeast Ohio's favorite destination for restaurants, bars, shopping, and year-round entertainment and activities!

Property details

MLS #
5107172
Property type
Retail
Subdivision
N/A
Status
Active
Days on market
501
On market date
N/A
Stories
2
Garage spaces
N/A
Lot size
1.56 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Grant Elementary School
1.41 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
560
Student:teacher ratio
17.0:1
District
Willoughby-Eastlake City
Middle
Willoughby Middle School
1.69 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
565
Student:teacher ratio
13.8:1
District
Willoughby-Eastlake City
High
South High School
1.51 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,091
Student:teacher ratio
18.8:1
District
Willoughby-Eastlake City

Mortgage calculator

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Est. monthly payment
$17,012/mo
$560,000 down
$2,240,000 loan
Principal & interest$14,529
Property tax (est.)$2,333
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 20 days ago.

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.