400 Sheffield Center

For Sale$6,250,000

400 Sheffield Center, Lorain, OH 44055

  • Retail

400 Sheffield Center, Lorain, OH 44055 - Retail Space

400 Sheffield Center is located at 400 Sheffield Center in the Lorain neighborhood, OH, Lorain, 44055. The Retail building features a total of 188,000 Sqft.

There are 6 retail spaces for lease in the Lorain neighborhood, totaling 32,775 Sqft of available retail space. The retail space availability for the 44055 zip code is 29,075 Sqft, in 4 retail spaces. The average asking retail rent per sq. ft. in Lorain is $23/sqft/year.

At zip code level, there are 6 commercial properties, of which 2 are retail buildings over 50,000 square feet.

Details

  • Sale Price $6,250,000
  • City Lorain
  • Neighborhood Lorain
  • Zip Code 44055
  • Property Type Retail
  • Property Size 188,000 Sqft
  • Property Tenancy Multi-Tenant
  • Date Updated 10 Oct, 2019

Description

Cedar William, as the exclusive advisor to the Owner, is pleased to present the opportunity to acquire 100% fee simple interest in Sheffield Center Retail Shops. The subject property  consists of an irregularly shaped parcel of land totaling  approximately 30.77 acres. It is improved with six, single-story retail buildings containing 19 tenant spaces totaling 188,494 net rentable square feet. 

The three centrally located buildings (A, B and C) were con- structed in 1954 and are remnants of the O’Neil- Sheffield Center. These buildings consist of slab on grade construction with the exception of a small basement area located in build-ing A. These buildings are of steel and concrete masonry unit  construction with a brick façade, metal and CMU exterior walls. The primary roofing systems on the buildings B and C  

are flat and covered with an EPMDmembrane. Current tenants include: Dollar General, a Apple’s Market, Marc’s, H&R Block, and Buckeye Community Bank

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 400 Sheffield Center?

400 Sheffield Center totals 188,000 square feet.

Lorain Demographics

The average household income in zip code 44055 is $41,895, from a total of 7,488 households. In terms of employment, there are 61.09 % white-collar and 38.91 % blue-collar jobs in zip code 44055.

Population

  • Total Population63,773
  • Male Population(47.3 %) 30,173
  • Female Population(52.7 %) 33,600
  • Median Age37.20

Income/Financial

  • Average Household Income$50,140
  • Median Household Income$37,014
  • Median Income Under 25$22,583
  • Median Income 25-44$34,864
  • Median Income 45-64$45,491
  • Median Income Over 65$34,252

Attachments

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Steven Koutsantonis

Cedar William

(917) 903-4168

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