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26949619
26949620

36100 Euclid Ave, Willoughby, OH 44094

JS
OH 2017005334, OH (+1)
Colliers - Cleveland, Ohio
LW
OH OH SAL.2015001526
Colliers - Cleveland, Ohio
CS
OH SAL.0000442020
Colliers - Cleveland, Ohio
Listed by Colliers - Cleveland, Ohio
Unpriced
264 days on market
Updated 46 days ago

Lake West Medical Building

Details
APN 27-A-015-0-00-011-0
Property Type Office
Sub Type Medical Office
Square Footage 46,531
Year Built 1979
Stories 4
Lot Size (SqFt) 125,017
Zoning R-B, Retail-Business

Lake West Medical Building | 46,531 SqFt

Marketing description

Located in the highly accessible and desirable Northeast Cleveland submarket, the property offers an outstanding combination of institutional-quality construction, strong healthcare tenancy, and direct adjacency to UH Lake West Medical Center. of institutional-quality construction, strong healthcare tenancy, and direct adjacency to UH Lake West Medical Center.

Investment highlights

• Strategic Healthcare Location: Directly across from University Hospitals Lake West Medical Center, a 237-bed full-service hospital.

• Excellent Visibility & Access: Located on Euclid Avenue with exposure to over 31,000 vehicles per day across two major arterials; prominent signage and street presence.

• Stable In-Place Tenancy: 60% occupancy with an average tenant tenure of 12.7 years.

• University Hospitals: Second-largest health system in Ohio; $4.5B+ in annual revenue; Moody’s A2-rated investment-grade credit; nonprofit healthcare provider with deep roots in the Cleveland MSA.

• Thriving Retail Corridor: Located on Euclid Avenue, a high-traffic daily needs corridor featuring Target, Lowe’s, Giant Eagle, Chick-fil-A, multiple QSRs, auto service businesses, and other essential retailers.

• Metro Market: Cleveland MSA population exceeds 2.2 million; part of the broader Cleveland-Akron-Canton region with
3.6 million residents.

• Strong Real Estate Fundamentals: Situated on a 2.87+/- acre parcel with excellent middle-income density – 57,650 residents within 3 miles and 120,992 within 5 miles; $90K AHHI within
3 miles.

• Redevelopment Potential: The property offers a compelling opportunity for repositioning or redevelopment, that could support higher-density use, improved tenant mix, or enhanced amenities—unlocking significant upside for investors.

Listing Contacts

JS
OH 2017005334, OH (+1)
Colliers - Cleveland, Ohio
LW
OH OH SAL.2015001526
Colliers - Cleveland, Ohio
CS
OH SAL.0000442020
Colliers - Cleveland, Ohio
Listed by Colliers - Cleveland, Ohio

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Additional Information

Name
Jared Shapiro
License
2017005334
Name
Lauren White
License
OH SAL.2015001526
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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