Willoughby, OH
Commercial Real Estate Market Trends & Data

$114 Avg asking sale price
$10 Avg asking lease rate
7,156 SF Avg unit lease size
20,795 SF Avg building size for sale
7.02% Average cap rate

Willoughby's Demographic Profile

Willoughby has 11,705 households and a median income of $69,125, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 24,087
# Households 11,705
Median age 44
Median household income $69,125
Avg household size 2.0
Renter-occupied housing units 4,735
5-year population change 0%

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

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Willoughby $122 14,776 SF 7.02%
Eastlake $122 14,776 SF 7.02%
Willoughby Hills $80 24,101 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Willoughby $203 8,241 SF
Eastlake $122 20,139 SF
Mentor $169 11,721 SF
Willoughby Hills $376 11,550 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Willoughby $122 32,232 SF 7.02%
Eastlake $122 14,776 SF 7.02%
Euclid $59 12,494 SF 7.36%
Painesville $109 14,060 SF 7.53%

Commercial Properties For Sale in Willoughby

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

Riverside Commons - Phase II

Willoughby, OH 44094

  • 1.70 - 50 AC Lots
  • 3 Commercial Lots
  • $699,000 - $2,049,000
For Sale

36161 Lake Shore Blvd

Eastlake, OH 44095

  • 3,374 SF Specialty
  • $225,000
For Sale

Re-Tenant/Redevelopment Opp.-2nd Gen Restnt.

Mentor, OH 44060

  • 7,384 SF Retail Building
  • $2,100,000
For Sale

4126 E Erie St

Willoughby, OH 44094

  • 14,776 SF Multifamily
  • 7.02% Cap Rate
  • $1,799,000
For Sale

7420 Clover Ave

Mentor, OH 44060

  • 41,000 SF Industrial Building
  • $3,000,000
For Sale

950 Erie Rd

Eastlake, OH 44095

  • 23,852 SF Industrial Building
  • $1,650,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
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Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
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A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
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A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Willoughby $114 20,795 SF
Eastlake $388 12,284 SF
Mentor $158 18,145 SF
Willoughby Hills $193 25,759 SF

Regional Demographic Comparison

This comparison places Willoughby 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 Willoughby or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Kirtland Hills 687 267 51 $121,249 3 39 2%
Eastlake 17,465 7,876 46 $61,831 2 2,245 -1%
Mentor 46,726 19,968 48 $86,207 2 3,159 -1%
Willoughby Hills 11,171 5,506 44 $64,365 2 3,063 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Willoughby, 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 Willoughby

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

Willoughby 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 Willoughby?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Willoughby. 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 Willoughby?

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

How does Willoughby compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Willoughby. 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 Willoughby acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Willoughby, 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.

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