37111 Euclid Avenue Willoughby, OH $ 2,000,000
37111 Euclid Avenue
$ 2,000,000
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37111 Euclid Avenue

Willoughby, OH, 44094
$ 2,000,000
Bedrooms-- Baths--

Monthly Estimate*

$ 12,314

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Commercial Property for sale in Willoughby, OH

for $2,000,000. This building was built in 1998 on a lot size of 0.81.

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!

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 25,215

Style

Lot Size

0.81

Year Built

1998

Town/City

Willoughby

County/Region

Lake

MLS | Web ID

5087351

Features
General
Sewer Public Sewer
Heating Forced Air
Possession Delivery Of Deed
Year Built 1998
Township Willoughby
Property Subtype Retail
Tax Year 2023
County Lake
Net Operating Income 120000
Operating Expense 36000
Property Type Commercial Sale
Attached Garage false
Subdivision Name Hamann Indust Park Sub
Status Active
Directions West on rt 20 from downtown Willoughby. East on rt 20 from State Route 91 and State Route 20 intersection
City Willoughby
High School District Willoughby-Eastlake - 4309
Lot Size Units Acres
Tax Annual Amount 25215
Water Sewer Expense 1400
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Willoughby-Eastlake - 4309
Elementary School District Willoughby-Eastlake - 4309
Year Built Source Public Records
Total Actual Rent 156000
Property Sub Type Additional Retail
Legal Description LOT 1 TRACT 14 PART OF BLOCK K
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Interior
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Water Source Public
Total Parking 35
Lot Size Area 0.81
Building Area Total 11250
Lot Size Acres 0.81
Lot Size Source Assessor
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* Excluded Features
List By
Geoffrey DelGrosso

Listing Agent

Keller Williams Greater Cleveland Northeast

Broker

geoffdelgrosso@gmail.com

Email

Affordability Calculator

$14,416
Per Month
85%
15%
0%
Monthly Principal & Interest
$12,314
Monthly Property Taxes
$2,101
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
8/29/2025$2,000,000 Listed Price

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37111 Euclid Avenue, Willoughby, OH, 44094 is a Commercial Property for sale at $2,000,000 with a lot size of 0.81. 37111 Euclid Avenue was built in 1998. The property's zip code is 44094 which is in Willoughby, OH