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3941 Erie Street Willoughby, OH $ 2,800,000
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$ 2,800,000 Get more info
3941 Erie Street
$ 2,800,000
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3941 Erie Street

Willoughby, OH, 44094
$ 2,800,000
Baths0.0

Monthly Estimate*

$ 17,679

3941 Erie Street, Willoughby, OH 44094 - Image 1
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3941 Erie Street, Willoughby, OH 44094 - Image 8
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Studio

Single Family Home for sale in Willoughby, OH

for $2,800,000. This home was built in 2016 on a lot size of 1.56.

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!

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Single Family Active

Price

$ 2,800,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 34,167

Style

Lot Size

1.56

Year Built

2016

Town/City

Willoughby

County/Region

Lake

MLS | Web ID

5107172
Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir
Possession DeliveryOfDeed Negotiable
Roof Flat
Patio/Porch Features Patio
Year Built 2016
Stories Count 2
Township Willoughby
Levels Two
Property Subtype Retail
Tax Year 2024
Current Use Commercial Retail Vacant
Business Type BarTavernLounge Commercial FoodAndBeverage ProfessionalOffice Restaurant Retail
Additional Parcels Description 27-B-037-0-00-005-0
County Lake
Property Type CommercialSale
Attached Garage false
Building Features Elevators PublicRestrooms ReceptionArea
Status Active
Directions Erie St. just north of Route 20 adjacent to Chagrin River across from Willoughby Municipal Court.
City Willoughby
High School District Willoughby-Eastlake - 4309
Lot Size Units Acres
Tax Annual Amount 34167
Building Area Units SquareFeet
Living Area Units SquareFeet
Standard Status Active
Middle/Junior School District Willoughby-Eastlake - 4309
Elementary School District Willoughby-Eastlake - 4309
Year Built Source PublicRecords
Property Sub Type Additional Retail
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Interior
Basement None
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Asphalt OnSite Outside Paved
Water Source Public
Total Parking 48
Lot Size Area 1.56
Number of Buildings 1
Building Area Total 8700
Lot Size Acres 1.56
Lot Size Source Appraiser
Waterfront Y/N false
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* Excluded Features
List By
Rick Osborne

Listing Agent

Keller Williams Greater Cleveland Northeast

Broker

rick.osbornejr@kw.com

Email

Affordability Calculator

$20,527
Per Month
86%
14%
0%
Monthly Principal & Interest
$17,679
Monthly Property Taxes
$2,847
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458231 Elementary School
4458584 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/7/2025$2,800,000 -5.08% Price Down
8/29/2025$2,950,000 Listed Price

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3941 Erie Street, Willoughby, OH, 44094 is a Single Family Home for sale at $2,800,000 with a lot size of 1.56. 3941 Erie Street is a studio with 0.0 baths and was built in 2016. The property's zip code is 44094 which is in Willoughby, OH

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