Office Space
24700 Chagrin Boulevard Beachwood, OH 44122
Details & Description
Call for Pricing
    For sale is the 100% fee-simple interest in Commerce Park Plaza, an 80.25% leased office building in Beachwood, Ohio. Located at the prominent corner of Chagrin Boulevard and Commerce Park Drive, this generational-quality asset is available for sale for the first time by the original developer. The building boasts a quality mix of local and national tenants, including ground floor anchor US Bank, which has anchored the building for 27 years. The Chagrin Boulevard corridor is one of the most desirable suburban office submarkets in all of Ohio, and this property is located in the center of it all. There are over 55,634 daytime employees within just 3 miles of the property, and daily traffic at this intersection is 55,000 vehicles per day, both a testament to the activity in the marketplace. The owners installed a new entire-building boiler system in 2020 at a cost of over $100,000, offering significant benefit to the new owner. With nearly 20% vacancy, plenty of upside also exists in bringing the building to full occupancy. Recently, the City of Beachwood amended the zoning to allow for multi-family development above the first floor on this parcel as a conditional use, providing an owner flexibility for the future.
    Listing Agents
    Kyle Hartung

    O: 216-381-8200
    kyle@goodmanrealestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    24700 Chagrin Boulevard

    Beachwood, OH 44122

    Listing ID: 236539
    24700 Chagrin Boulevard Beachwood, OH 44122 | for Sale | Photo 1
    Building Size: 31,792 SF
    Lot Size: 1.792 AC
    Land Size: 78,059 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Description

    For sale is the 100% fee-simple interest in Commerce Park Plaza, an 80.25% leased office building in Beachwood, Ohio. Located at the prominent corner of Chagrin Boulevard and Commerce Park Drive, this generational-quality asset is available for sale for the first time by the original developer. The building boasts a quality mix of local and national tenants, including ground floor anchor US Bank, which has anchored the building for 27 years. The Chagrin Boulevard corridor is one of the most desirable suburban office submarkets in all of Ohio, and this property is located in the center of it all. There are over 55,634 daytime employees within just 3 miles of the property, and daily traffic at this intersection is 55,000 vehicles per day, both a testament to the activity in the marketplace. The owners installed a new entire-building boiler system in 2020 at a cost of over $100,000, offering significant benefit to the new owner. With nearly 20% vacancy, plenty of upside also exists in bringing the building to full occupancy. Recently, the City of Beachwood amended the zoning to allow for multi-family development above the first floor on this parcel as a conditional use, providing an owner flexibility for the future.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cleveland History of Office Space for Sale

    Beachwood Area Market Trends

    Listing Demographics for 24700 Chagrin Boulevard Beachwood, OH 44122

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    Demographics Charts
    Demographics Tables

    Common Questions and Answers

    What is the building size of this Office property in Beachwood, OH?
    The size of the building/unit at 24700 Chagrin Boulevard in Beachwood is 31,792 square feet
    How much land does the Beachwood, OH property at 24700 Chagrin Boulevard include?
    24700 Chagrin Boulevard in Beachwood includes 1.792 acres of land
    What kind of Office is the propery at 24700 Chagrin Boulevard?
    The property at 24700 Chagrin Boulevard Beachwood, OH 44122 is listed as a Professional Office property
    What is the population within 1 mile of 24700 Chagrin Boulevard in Beachwood?
    The population within 1 mile of 24700 Chagrin Boulevard Beachwood, OH 44122 is 3,343 people.
    Who do I contact for questions about 24700 Chagrin Boulevard?
    You should contact the listing agent, Kyle Hartung, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Cleveland Hopkins International Airport (CLE) 18
    Erie International Tom Ridge Field (ERI) 81
    Pittsburgh International Airport (PIT) 94
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