FO

R S

AL

E 31,080 SF Former Gander Mountain on 2.93 Acres at Cobblestone Square5244 COBBLESTONE ROAD, SHEFFIELD VILLAGE, OHIO 44035

JOSEPH W. KHOURI

First Vice President+1 216 658 6120joseph.khouri@cbre.com

CBRE, Inc.

950 Main Avenue, Suite 200Cleveland, OH 44113+1 216 687 1800

LENDER ASSISTED - DRASTIC & FINAL PRICE REDUCTION

P R O P E R T Y I N F O

F L O O R P L A N

TRASH ENCLOSURE LOADING

DOCK

ENTRANCE

+ Building Size: 31,080 SF

+ Property Size: 2.9277 acres of land

+ FINAL PRICE REDUCTION $995,000 Lender Assisted - Drastic & Final Price Reduction

Original List Price: $2,486,400

+ Extremely well maintained property

+ Parking: Approximately 178 spaces

+ Loading Dock: 1 recessed loading dock at the rear

+ Pylon signage available on Abbe Road and along I-90 (with traffic counts approximately 61,933 VPD)

+ REA: Easement agreement in place for parking and access

+ Zoning: C-2 Limited Retail

+ Permanent Parcel #: 03-00-011-102-114 (Lorain County)

+ Fully Sprinklered

+ ADA measured Women’s Restrooms

RETAIL SPACE

BUFFET

ABBE ROAD - 29,176 VPD

61,933 VPD

DETROIT ROAD - 30,869 VPDSugarcreek Restaurant

+ Average household incomes of $70,831 within a 3-mile radius

+ Population of 128,201 people within a 5-mile radius

+ Traffic Counts: - Abbe Rd & Detroit Rd - 25,830 VPD - I-90 - 62,140 VPD

+ Adjacent to Lorain Community College with over 13,000 college students

+ Anchors generate large sales volumes and traffic, Sam’s Clubs is 1 of 3 locations in the greater Cleveland market, and Burlington Coat Factory and At Home recently opened at Cobblestone Square

+ Growing area with 4.6% household population growth 2010-2016

5 2 4 4 C O B B L E S T O N E R O A D , S H E F F I E L D V I L L A G E , O H

L O C A T I O N & M A R K E T H I G H L I G H T S

PYLON SIGNAGE

PYLON SIGNAGE

30,080 SF Former Gander Mountain

on 2.93 AC

Kay

30,080 SF Former Gander

Mountain on 2.93 AC

Retail Space Buffet

61,9

33 V

PD

PYLON SIGNAGE

PYLON SIGNAGE

NRepublic Steel

Sheffield

Elyria

NorthRidgeville

90

90

90

80

80

254

254

301

2

2

57

57

113

10

20

20

LAKE AVE

LAKE AVE

W R

IVER

RD NLO

RAIN

BLVD

LEO BULLOCK PKWY

W RIVER RD

N

N A

BBE RD

GRO

VE AVE

N RIDGE RD

GRISWOLD RD

DETRO

IT RD

E 28TH ST

WES

T RI

VER

RD S

MID

DLE

AVE

OBERL

IN R

D

BROAD ST

EAST

AVE

GRAFTO

N RD

E RIVER ST

CHESTNUT RIDGE RD

CLEVELAND ST

GU

LF R

D

ElyriaHigh

School

Elyria CatholicHigh School

Lorain County Community

College

Riddell

Bendix

Invacare

RidgeTool Co.

11,352

8,41515,865

10,560

16,483

31,147•

14,376

64,4

99

13,138

36,423•

13,301•

37,296

45,810

40,154

•27,185

10,262•

5,553

6,185

8,577•

15,463

•20,99219,259•

3,72

5

53,175

11,301

31,024

31,576

7,3937,468

12,246

14,41313,892

67,541

•54,760

58,2

69

5,444

19

10

3

5

4

28

7

6

CENTRE OF SHEFFIELD

PANDY’S Garden Center

ElyriaMedical Ctr

CHESTNUT COMMONS

EL PATRONMexican

Restaurant

COBBLESTONE SQUARE

SHEFFIELD CROSSING SHEFFIELD VILLAGE PLAZA

ELYRIA SHOPPING CENTER

NORTH ABBE PLAZA

MIDWAY CROSSING

RIVER STREET SQUARE

MIDWAY MALL

MIDWAY MARKET SQUARE

1Q 2020

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE

Licensed Real Estate Broker Updated: January 8, 2020

Traffic Counts: Ohio Department of Transportation (ODOT) 2018-2019

HOTELS10 Hotels/940 Rooms

TRADE AREA INFO SR-57 & Midway Blvd(3 Miles)

• Population: 52,435• Daytime Population: 64,398• Total Households: 22,151• Average HH Income: $52,910• Total Businesses: 1,895• Total Employees: 35,109

MAJOR EMPLOYERS

1. Lorain County Community College - 1,314

2. UH Elyria Health Center - 1,7713. Invacare - 7564. Ridge Tool Co - 6095. Riddel - 5006. Bendix - 483

ELYRIA–SHEFFIELDRETAIL TRADE AREA

1. Best Western - 562. Country Inn & Suites - 723. Courtyard - 1044. Days Inn - 2405. Hampton Inn & Suites - 976. Homewood Suites - 97

7. Knights Inn - 528. Quality Inn - 619. Red Roof Inn - 9710. Super 8 - 64

5 2 4 4 C O B B L E S T O N E R O A D , S H E F F I E L D V I L L A G E , O H

S H E F F I E L D T R A D E A R E A

SITE

1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS

2019 Population - Current Year Estimate 3,418 42,854 131,181

2024 Population - Five Year Projection 3,478 44,325 134,648

2019 Daytime Population 6,933 38,898 131,629

2019 Households - Current Year Estimate 1,509 17,135 51,866

2019 Average Household Income $79,473 $71,554 $69,143

2024 Average Household Income Projection $90,468 $81,438 $78,789

2019 Median Household Income $60,494 $53,900 $52,069

2019 Per Capita Income $31,620 $29,115 $27,309

2019 Population 25 and Over 2,472 30,093 89,804

D E M O G R A P H I C S

5 2 4 4 C O B B L E S T O N E R O A D , S H E F F I E L D V I L L A G E , O H

JOSEPH W. KHOURI

First Vice President+1 216 658 6120joseph.khouri@cbre.com

CBRE, Inc.

950 Main Avenue, Suite 200Cleveland, OH 44113+1 216 687 1800

© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. Licensed Real Estate Broker.

P L E A S E C O N T A C T :