Former McDonald's Site Highly Visible Corner

Colliers represents the opportunity to acquire a 1-acre commercial parcel at 661 Griswold Road, previously developed for a freestanding McDonald’s, now offered vacant and ready for a wide variety of commercial operations. The subject site benefits from over 200 feet of direct frontage along Griswold Road and 200 feet along Leona Road. The corner parcel is highly visible and easily accessible, sitting at its own signalized intersection, and just off the Griswold Road and Lorain Boulevard interchange. A handful of shopping centers surround the site, such as River Street Square, Midway Point Shopping Center, the Shoppes of Midway, and Midway Market Square. This, in addition to freestanding commercial businesses, drives spending, traffic, and synergy in the area. National neighbors include The Home Depot, Target, Planet Fitness, Best Buy, Lowe’s, and PetSmart. Elyria is a small riverside city just outside Downtown Cleveland and offers regional attractions like Lake Erie, a small-town environment, and large employers such as UH Elyria Medical Center and Lorain County. With interstates 80 and 90 running through the north end of town, residents are roughly 30 miles from downtown Cleveland and 52 miles from Akron. Interstate 80 also connects to New York City, 475 miles to the east. 10-mile demographics indicate a growing population of 314,216 residents and over 126,520 households. The average household income exceeds $103,000, and the realm generates a robust spending power of more than $3.9 billion each year. Food and beverage, transportation and maintenance, and household goods are the three largest spending categories. Cleveland is a large, mature Midwest market defined by economic stability. Located in northeast Ohio, the five-county region is home to roughly 2.2 million residents and serves as a central hub for healthcare, manufacturing, and institutional employment. The metro continues to generate steady job growth supported by a diversified employment base and substantial industrial infrastructure.