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16122 Lakeshore Blvd
Cleveland, OH 44110 Waterloo Arts District

$2,450,000 USD

Freestanding For Sale  •  21,548 SF

Property Details

• Property Type Freestanding
• Total Building Size 21,548 SF
• Lot Size 3.1 AC
• Building Class C
• Year Built 1992
• Tenancy Multiple
• Zoning SC

30 Transit Score

40 Walk Score

Highlights

Established National Anchors: AutoZone (investment-grade credit, S&P BBB) and Family Dollar have long-term commitment to the site.

Strong Credit Tenant Mix: 60%+ of the GLA is leased to national, credit-rated tenants, including AutoZone and Family Dollar.

Re-Tenanting Opportunity: Family Dollar will go dark in January 2026 but will continue paying full rent and reimbursements through June 2029.

Lease-Up Potential: Immediate opportunity to lease up 1,600 SF of vacant retail space.

Rent Growth: Most tenant leases include scheduled rent increases within their renewal options, supporting income growth over time.

Major Public Redevelopment Nearby: Property is adjacent to the Collinwood Redevelopment Site, recently acquired by the City of Cleveland for rezoning.

Public Transportation

Commuter Rail	Drive	Walk	Distance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid))	17 min	-	9.0 mi
Airport	Drive	Walk	Distance
Cleveland-Hopkins International	35 min	-	22.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	99
Type:	Surface
Included in Rent:	Yes