Commercial development opportunities in Downtown Willoughby on a large 1/2 acre lot. Land is zoned R-B Retail Business District, contact city about future potential usage. Currently there is a single family home that is bringing in rental income. Don't miss out on a rare opportunity to acquire a large 1/2 commercial lot.
Exceptional mixed-use investment opportunity in the heart of downtown Willoughby. This historically maintained brick triplex combined with a 7,200 square foot commercial building offers stabilized residential income, flexible commercial space, and a custom-built luxury residential loft all situated on one parcel with ample off-street parking.The front brick triplex is fully leased and features three updated units with rental history. Unit 1 offers two bedrooms, one bath, an updated kitchen and bath, and in-suite laundry, currently rented for $1,450 per month. Unit 2 is a fully updated one-bedroom, one-bath unit rented for $1,200 per month. Unit 3 is a fully updated one-bedroom, one-bath unit rented for $1,300 per month. Current gross residential income is $3,950 per month, or $47,400 annually. All new HVAC systems and hot water tanks. The rear 7,200 square foot building offers outstanding flexibility. The lower level is currently operating as a furniture upholstery business and includes warehouse space, a private office, gym area, two oversized garage areas with doors, a bathroom, and laundry. Seller would prefer to lease back the lower-level commercial space, presenting the opportunity for immediate stabilized commercial income. Above the commercial space is a stunning 1,650 square foot custom residential loft featuring high-end finishes, an open-concept layout, laundry, and a spacious rooftop deck overlooking downtown Willoughby. This property is ideal for investors seeking diversified income, an owner-operator looking to live above their business, or a buyer seeking long-term value in one of Lake County’s most vibrant and walkable downtown districts. A rare opportunity to own a fully occupied mixed-use asset in a premier location.
Great development site for Retail, office, buisness, warehouse and multiple uses. Corner lot with major traffic count. Across form Lost Nation Airport. The city is a putting a Circle interchange on Lost Nation rd. The city wants more development and opportunities in that area. The airport is going to growing even more. Since Burke Lake is going to be closing all those clients are now moving to Willoughby. Osborne Park along the Lake is being built up and shoreline is being stabilized. There is an amphitheater going in the park along with the existing pool, playground and sports fields. Huge attraction. Tax abatement is possible.
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 a state of the art gastropub, micro brewery, and fine dining restaurant. Perfectly suited for a variety of retail, office, or entertaining business ventures. This venue is fully equipped and located adjacent to the Chagrin River near a high traffic intersection with high visibility on Erie Street off of Route 20. Some other features include a liquor license (A1A, A1C, D6), large open-concept kitchen, 2 full bars, brewery equipment, indoor seating up to 160, private office, restrooms on both levels, an elevator, and exclusive parking lot. The outdoor rooftop patio with fireplace is easily the best in the area, seating up to 75, overlooking the charming community of DTW. Experience Northeast Ohio's favorite destination for restaurants, bars, shopping, and year-round entertainment and activities! Price negotiable and will consider sale, lease, or land contract option with qualified parties.
An exceptional opportunity to acquire 8.9 acres of prime commercial land on Euclid Avenue/Route 20, offering excellent visibility and accessibility in a high-traffic area. This flat, developable parcel is ideal for retail, office, mixed-use, or industrial development - Zoned Light/Limited Industry District (L-I). Strategically located near major highways, including I-90 and Route 2, the property is surrounded by established businesses, retail centers, and residential communities, ensuring strong daily commuter flow and customer traffic. This site is ready for seamless development and presents endless possibilities for investors, developers, and businesses looking to expand in a thriving Northeast Ohio market. Don't miss this RARE chance to secure a large-scale development site — Contact us today to schedule a site visit!
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!
Willoughby is located in Ohio. Willoughby, Ohio has a population of 23,753. Willoughby is less family-centric than the surrounding county with 23.51% of the households containing married families with children. The county average for households married with children is 26.8%.
The median household income in Willoughby, Ohio is $63,908. The median household income for the surrounding county is $70,168 compared to the national median of $69,021. The median age of people living in Willoughby is 44 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 21.4 degrees. The average rainfall is approximately 39.2 inches per year, with 67.7 inches of snow per year.
