Chagrin Lee Plaza

16400-16500 Chagrin Boulevard, Shaker Heights, OH 44120

  • For Sale $4,000,000
  • Property Type Retail - Street Retail
  • Property Size 52,506 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1994
  • Date Updated Jul 8, 2025
Located on the corner of Chagrin Boulevard and Lee Road.NAI Farbman and NAI Pleasant Valley are pleased to present Chagrin Lee Plaza, a 52,506 SF mixed use property consisting of high-quality retail space (and limited office/medical space) in addition to a standalone Walgreens. Nestled at a prime hard corner location along Chagrin Boulevard and Lee Road, adjacent to the bustling Shaker Town Center, the property is currently 95% occupied and has an NOI of $337,620. Aside from the building’s excellent location, the property is home to tenants that are logical for the area given the surrounding demographics. The property has plentiful parking, and the standalone Walgreens location allows for a potential separate spin off opportunity for the next owner.
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Highlights

  • Bank of America drive-thru location
  • Hard corner location at Chagrin Boulevard and Lee Road
  • Potential to purchase at a PSF price below replacement cost
  • Stand-alone Walgreens location (Potential arbitrage spin off for next owner)
  • Well occupied center with stable rent roll

Contacts

broker
Mario Giglio III

NAI Farbman

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Transit Score ®

    50/100 Good Transit

  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Shaker Heights, OH
  • Neighborhood Moreland
  • Zip Code 44120
  • Market Cleveland Akron

Points of Interest

  • Warrensville–Van Aken

    1.49 miles

  • Coventry

    1.63 miles

  • Buckeye–Woodhill

    2.99 miles

  • East 79th

    3.65 miles

  • Superior

    4.31 miles

  • East 55th

    4.58 miles

  • Stokes-Windermere Station

    4.71 miles

  • Rockside

    5.95 miles

  • Canal Exploration Center

    6.78 miles

  • South Harbor

    7.04 miles

  • BP

    0.95 miles

  • Shell

    1.00 miles

  • Marathon

    1.50 miles

  • Sunoco

    1.90 miles

  • South-East Harley Davidson

    4.11 miles

  • eVgo

    7.84 miles

  • ChargePoint

    8.16 miles

  • Tesla Destination Charger

    8.16 miles

  • Cleveland Heights Library Parking

    2.20 miles

  • Parking Cleveland Heights Library

    2.24 miles

  • Municipal Lot 16

    2.30 miles

  • Municipal Lot 17

    2.34 miles

  • Municipal Lot 18

    2.43 miles

  • Dolan East Lot

    2.43 miles

  • Dolan West Lot

    2.44 miles

  • Municipal Lot 5

    2.52 miles

  • Carroll Expansion Lot

    2.53 miles

  • Grasselli Lot

    2.55 miles

  • Subway

    0.22 miles

  • Popeyes

    0.64 miles

  • Rally's

    0.88 miles

  • Happy's Pizza

    0.90 miles

  • Burger King

    0.96 miles

  • Little Caesars

    1.07 miles

  • Epic Restaurant

    1.08 miles

  • Fu Sheng

    1.11 miles

  • Taco Bell

    1.13 miles

  • Dunkin'

    1.15 miles

  • Heinen's

    0.17 miles

  • Save-A-Lot

    0.80 miles

  • Dave's

    1.09 miles

  • Miles Supermarket

    1.73 miles

  • Dave's Supermarket

    1.84 miles

  • ALDI

    2.20 miles

  • Simon's

    2.34 miles

  • International Foods

    2.73 miles

  • Dave's Market and eatery

    2.97 miles

  • Macy's

    3.01 miles

Frequently Asked Questions

How much does Chagrin Lee Plaza cost?

The space currently listed for sale at Chagrin Lee Plaza asks for $4,000,000.

What is the total square footage of Chagrin Lee Plaza?

Chagrin Lee Plaza totals 52,506 square feet.

When was this property built?

Chagrin Lee Plaza was built in 1994.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Mario Giglio III

NAI Farbman

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