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16122 Lakeshore Blvd
Cleveland, OH 44110 Waterloo Arts District

$3,160,000 USD

Freestanding For Sale  •  21,548 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 21,548 SF
  • Lot Size 3.09 AC
  • Building Class C
  • Year Built 1992
  • Tenancy Multiple
  • Zoning SC
38 Transit Score
43 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 RailDriveWalkDistance
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)) 16 min - 9.1 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 35 min - 22.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 99
Type: Surface
Included in Rent: Yes
Michael Cleeman 646-838-3000 Cleeman Realty Group LLC
Michael Cleeman 646-838-3000 Cleeman Realty Group LLC