24200 Chagrin Boulevard — Sale in Beachwood, OH

  • Price: $12.8M
  • Listing type: For sale
  • Asset type: Office
  • Location: Beachwood, OH 44122
  • Size: 40,888 SF
  • Year built: 1974

Investment Figures

Price per square foot
$312

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

This well-maintained 40,888 square foot office building, previously occupied for outpatient psychiatry, presents an excellent opportunity for an owner-user or investor seeking a strategically located asset in the thriving Chagrin Corridor of Beachwood, Ohio. The building will be delivered vacant, offering flexibility for either single or multi-tenant use. It represents a rare chance for businesses looking to establish a presence in one of Beachwood’s most sought-after commercial corridors.

Market Context

This office in Beachwood, OH is listed for sale at $12,750,000 across 40,888 SF ($312/SF). The building dates to 1974. It has been on the market for 192 days. Compare it against other office listings for sale in Beachwood, OH — view the full market.

As of Q1 2026, the Cleveland office market showed a 26.9% vacancy rate, and average asking rents near $20.28/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Cleveland office market tightening or softening?
Vacancy is around 26.9% (Q1 2026).

Estimated Market Rate

$22.53/SF – $30.48/SF

Mid: $26.50/SF

Estimated total for 40,888 SF: $1,083,532 per year

Rate-first confidence-weighted blend with cost-of-business adjustment.

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