Avon, OH
Commercial Real Estate Market Trends & Data

$342 Avg asking sale price
$15 Avg asking lease rate
20,529 SF Avg unit lease size
5,227 SF Avg building size for sale
6.50% Average cap rate

Avon's Demographic Profile

Avon has 8,887 households and a median income of $118,199, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 24,952
# Households 8,887
Median age 42
Median household income $118,199
Avg household size 3.0
Renter-occupied housing units 1,441
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Avon, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Avon $248 3,979 SF 6.00%
Sheffield $242 5,566 SF 6.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Olmsted Falls $103 57,948 SF 6.58%
Olmsted Twp $143 29,790 SF 6.58%
Nearby Retail Markets Avg Cost/SF Typical Size
Avon $459 13,802 SF
Avon Lake $322 14,396 SF
Sheffield $106 11,312 SF
Westlake $293 2,031 SF
North Ridgeville $145 2,235 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lorain $48 14,227 SF 9.24%
Lakewood $98 22,442 SF 6.81%
Amherst $22 5,852 SF 9.24%

Commercial Properties For Sale in Avon

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2D

Avon, OH 44011

  • 21,621 SF Office Building
  • $439,000
For Sale

5311 Meadow Lane Ct

Sheffield Village, OH 44035

  • 1,307 SF Office Building
  • $140,000
For Sale

Take 5 Oil Change

Elyria, OH 44035

  • 1,683 SF Office Building
  • 6.00% Cap Rate
  • $2,000,000
For Sale

University Hospitals and Heartland Dental

Avon, OH 44011

  • 13,802 SF Retail Building
  • 6.75% Cap Rate
  • $6,514,000
For Sale

2.24 AC

Avon, OH 44011

  • 2.24 AC Lot
  • 1 Commercial Lot
  • $1,365,000
For Sale

Pizza Hut

Elyria, OH 44035

  • 2,890 SF Retail Building
  • 6.75% Cap Rate
  • $1,496,889

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Avon pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Avon $342 5,227 SF
Avon Lake $207 8,290 SF
Sheffield Village $107 1,307 SF
Sheffield $217 6,448 SF
Sheffield Lake $154 7,710 SF

Regional Demographic Comparison

This comparison places Avon alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Avon or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Avon 24,952 8,887 42 $118,199 3 1,441 3%
Avon Lake 25,649 10,462 46 $99,050 2 2,134 3%
Sheffield 4,455 1,894 51 $88,333 2 605 5%
Sheffield Lake 9,157 3,931 43 $64,851 2 1,164 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Avon, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Avon

View All Commercial Real Estate For Sale in Avon
Is Avon a good market for a first-time commercial real estate investor?

Avon offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Avon?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Avon. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Avon?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Avon. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Avon compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Avon. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Avon acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Avon, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends