Commercial Real Estate for Lease at 2418 W 21st Street in Lorain, OH for $3,500,000

Listing data updated February 20, 2024 - 10:30pm
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2418 W 21st Street | Lorain

$3,500,000 | 0.0 Sq. Ft.

West Gate Shopping Center, strategically positioned at the corner of Rt. 58 and Rt. 611, is undergoing a complete rejuvenation, transforming into a thriving retail destination. Boasting a 65,500 square foot strip center with 10 rental units ranging from 1,400 to 20,202 square feet, this property offers an ideal canvas for grocery stores, pharmacies, convenience shops, and neighborhood-centric services. Anchor Tenant Unit: 20,202 sq ft.\r\nRenovations include a newly paved and striped parking lot, a new roof, and fresh paint, creating an inviting and contemporary aesthetic. Across the street from the plaza, two more commercial properties are experiencing their own revitalization, all benefiting from enhanced synergy. Situated minutes from Lake Erie and Rt. 2, West Gate Shopping Center ensures prime visibility and accessibility, making it an enticing prospect for businesses seeking a strategic edge.\r\nOther investment opportunities: the shopping center is available for sale or lease (lease rate & term are negotiable) and the corner acre is available for either ground lease or sale. MLSNow 4486164

Directions to property: Corner of Rt 611 & Rt 58.

MLS Listing ID: 
MLSNow 4486164
Listing Category: 
Lease
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$3,500,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Retail
Primary Market Area: 
Lorain
Address: 
2418 W 21st Street, Lorain, OH 44053
County: 
Lorain
Latitude: 
41.4514260
Longitude: 
-82.2039870
Directions: 
Corner of Rt 611 & Rt 58.
Public Remarks: 
West Gate Shopping Center, strategically positioned at the corner of Rt. 58 and Rt. 611, is undergoing a complete rejuvenation, transforming into a thriving retail destination. Boasting a 65,500 square foot strip center with 10 rental units ranging from 1,400 to 20,202 square feet, this property offers an ideal canvas for grocery stores, pharmacies, convenience shops, and neighborhood-centric services. Anchor Tenant Unit: 20,202 sq ft.\r\nRenovations include a newly paved and striped parking lot, a new roof, and fresh paint, creating an inviting and contemporary aesthetic. Across the street from the plaza, two more commercial properties are experiencing their own revitalization, all benefiting from enhanced synergy. Situated minutes from Lake Erie and Rt. 2, West Gate Shopping Center ensures prime visibility and accessibility, making it an enticing prospect for businesses seeking a strategic edge.\r\nOther investment opportunities: the shopping center is available for sale or lease (lease rate & term are negotiable) and the corner acre is available for either ground lease or sale.
Community Information
School District: 
Lorain CSD - 4709
Subdivision: 
Black River 02
Building Details
Details about the building on a property.
Year Built: 
1970
Living Area: 
0.0
Basement: 
None
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
7.99
Lot Size (Area): 
7.99
Lot Features
Total Parking Spaces: 
200
Public Record
Parcel Number: 
02-02-023-113-005
Annual Tax: 
$10,257.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Andrea Mapel
Listing Office Name: 
EXP Realty, LLC.

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