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2525 Market Ave

8,258 SF 50% Leased Office Building Cleveland, OH 44113 £1,173,675 (£142/SF)

Investment Highlights

  • Unbeatable location in Ohio City with approximately 41 feet of frontage on both Market Avenue and Lorain Avenue.

Executive Summary

For sale: 8,258 SF mixed use retail/office building in Ohio City. Unbeatable location in Ohio City with approximately 41’ frontage on both Market Avenue and Lorain Avenue. Located across the street from historic West Side Market. Turnkey restaurant space with outdoor seating space located on pedestrian only street (Market Avenue). Heavy foot traffic as well as 8,100 VPD along Lorain Avenue. Close proximity to new and current redevelopment of residential multifamily and commercial properties. Historic refurbished building with newer roof and updated finishes including HVAC units and new windows (2013), new EPDM roof and insulation, skylights, and downspouts (2019), and renovated common area restrooms on 2nd floor (2019). Steps from Great Lakes Brewing, Edda Coffee, and dozens of other retailers, bars and restaurants. Hood and ventilation system in-place. Close proximity to outdoor community space in Ohio City and Irishtown Bend, a 25 AC green space connecting Ohio City to the Cuyahoga River.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
8,258 SF
Building Class
B
Year Built/Renovated
1890/2014
Price
£1,173,675
Price Per SF
£142
Percent Leased
50%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,129 SF
Building FAR
1.00
Land Acres
0.19 AC
Opportunity Zone
Yes
Zoning
LR

Amenities

  • 24 Hour Access
  • Natural Light
  • Plug & Play
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 4,129 SF
  • Restaurant
  • Full Build-Out
  • Now

For sale: 8,258 SF mixed use retail/office building in Ohio City. Unbeatable location in Ohio City with approximately 41’ frontage on both Market Avenue and Lorain Avenue. Located across the street from historic West Side Market. Turnkey restaurant space with outdoor seating space located on pedestrian only street (Market Avenue). Heavy foot traffic as well as 8,100 VPD along Lorain Avenue. Close proximity to new and current redevelopment of residential multifamily and commercial properties. Historic refurbished building with newer roof and updated finishes including HVAC units and new windows (2013), new EPDM roof and insulation, skylights, and downspouts (2019), and renovated common area restrooms on 2nd floor (2019). Steps from Great Lakes Brewing, Edda Coffee, and dozens of other retailers, bars and restaurants. Hood and ventilation system in-place. Close proximity to outdoor community space in Ohio City and Irishtown Bend, a 25 AC green space connecting Ohio City to the Cuyahoga River.

Space Size Space Use Condition Available
1st Floor 4,129 SF Restaurant Full Build-Out Now

1st Floor

Size
4,129 SF
Space Use
Restaurant
Condition
Full Build-Out
Available
Now

1st Floor

Size 4,129 SF
Space Use Restaurant
Condition Full Build-Out
Available Now

For sale: 8,258 SF mixed use retail/office building in Ohio City. Unbeatable location in Ohio City with approximately 41’ frontage on both Market Avenue and Lorain Avenue. Located across the street from historic West Side Market. Turnkey restaurant space with outdoor seating space located on pedestrian only street (Market Avenue). Heavy foot traffic as well as 8,100 VPD along Lorain Avenue. Close proximity to new and current redevelopment of residential multifamily and commercial properties. Historic refurbished building with newer roof and updated finishes including HVAC units and new windows (2013), new EPDM roof and insulation, skylights, and downspouts (2019), and renovated common area restrooms on 2nd floor (2019). Steps from Great Lakes Brewing, Edda Coffee, and dozens of other retailers, bars and restaurants. Hood and ventilation system in-place. Close proximity to outdoor community space in Ohio City and Irishtown Bend, a 25 AC green space connecting Ohio City to the Cuyahoga River.

Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
003-38-032
Land Assessment
£17,065
Improvements Assessment
£284,186
Total Assessment
£301,251
  • Listing ID: 31728836

  • Date on Market: 07/05/2024

  • Last Updated:

  • Address: 2525 Market Ave, Cleveland, OH 44113

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