Crossword Genius

Location just a step round the corner (5)

Ross

I believe the answer is:

place

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'the corner' is the definition.
The definition and answer can be both locations as well as being singular nouns.
Maybe they are linked in a way I don't understand?

'location just a step round' is the wordplay.
'location just' becomes 'l' (I can't explain this - if you can you should believe this answer much more).
'a step' becomes 'pace' (pace is a kind of step).
'round' is an insertion indicator.
'l' put inside 'pace' is 'PLACE'.

Can you help me to learn more?

(Other definitions for place that I've seen before include "Situation" , "Identify -- station" , "Spot" , "Locus" , "Endearingly pretty" .)

I've seen this clue in the Evening Standard.
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