30450 Lorain Road — Sale in North Olmstead, OH

  • Price: $3.9M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: North Olmstead, OH 44070
  • Size: 6,044 SF

Photos

30450 Lorain Road — Sale in North Olmstead, OH, photo 1 of 1

Investment Figures

Price per square foot
$637

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Ample Development Potential - Over 2 acres of land, providing significant opportunities for redevelopment or continued use. Established Religious Facility - Currently operating as a Christian-based place of worship, offering stability and community presence. Prime Corner Location - Positioned at a signalized hard corner on the high-traffic intersection of Barton Rd and Lorain Rd, ensuring excellent visibility and exposure.

Market Context

This retail in North Olmstead, OH is listed for sale at $3,850,000 across 6,044 SF ($637/SF). Compare it against other retail listings for sale in North Olmstead, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

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