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Listed price in listed location currency (USD).
$355,000
$350,000

0020

MLS® 5094178

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $8,108
Approx. Age 1969
MLS® Number 5094178

Property Address: 874 E Aurora Rd, Macedonia, OH, 44056-1904

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional Investment Opportunity: Fully Leased Retail Center with Value-Add Potential in Thriving Macedonia! This well-maintained multi-tenant strip center is a standout opportunity for investors seeking immediate cash flow with room to grow. Located in the high-demand market of Macedonia, Ohio, this property features 3 units with nearly 4000 rentable sq ft at a current 80% occupancy to established tenants that include a daycare and salon that are currently generating $2, 850/month plus CAM fees. A vacant unit, ready for lease, offers additional income potential of $1, 500/month plus CAM fees, bringing total pro forma income to $4, 350/month. Recent upgrades include a brand-new parking lot (2023) with 17 spaces, ensuring convenience for tenants and customers. Each unit is equipped with its own Trane furnace, inspected annually, as well as private hot water tanks and bathrooms. The owner also recently had a 30ft sewer scope performed to ensure there were no blockages. Seller does not know exact age of roof or mechanicals. Zoned B-1 in the Convenience Business District, this property is located just moments off I-271, with 15, 000-18, 000 vehicles per day and over 60, 000 vehicles traveling nearby on I-271. Surrounded by major national retailers like Starbucks, Hobby Lobby, Planet Fitness, Home Depot, Nordstrom Rack, and Pulp, this property offers prime visibility and accessibility for businesses. Strategically located in Macedonia, a booming city with easy access to I-271 and Route 82, this property benefits from a median household income exceeding $100, 000 and a growing population, making it a prime location for businesses. With stable income, modern infrastructure, and strong leasing potential, this is your chance to own a high-performing retail center in one of Northeast Ohio’s most desirable markets.
MLS® Number5094178
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1969
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Mar 20, 2025End Date
$355,000Sold Price

Sold

Jan 22, 2025List Date
$350,000List Price
  • Commute

Commute

Starting Address
Destination Address
874 E Aurora Rd, Macedonia, OH

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