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Kelso Medical Building-Contig Lots & Parking 1365 Kelso Dr 6,400 SF 61% Leased Office Building Kent, OH 44240 $1,101,178 CAD ($172.06 CAD/SF)

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Investment Highlights

Suite 1: ±3,624 SF - office space (currently leased to the Cleveland Clinic)
Suite 2: ±2,519 SF - unfinished office space

Gross Annual Rental Income: $54,000

Executive Summary

This freestanding ±6,144 SF office building sits on 1.61 acres at the Route 43 and I-76 interchange in Kent, offering excellent access and visibility. The building will become fully available, presenting a rare opportunity for a buyer to take full possession of the property. The property is ideal for an owner-user seeking a turnkey medical or office building, or for an investor looking to lease the space at market rates. The building includes Suite 1, featuring approximately 3,624 SF of built-out medical office space, and Suite 2, offering approximately 2,519 SF of unfinished office space ready for buildout. The property features ±220 feet of frontage, ±289 feet of depth, street signage, and approximately 62 parking spaces. The property is zoned TC (Town Center) and is located just 0.4 miles from SR-75. The Route 43 exit provides direct access to Kent State University, further enhancing the property's accessibility and location.

12351 Prospect Rd Brochure 8.18.26R

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

6,400 SF

Building Class

Year Built

2008

Price

$1,101,178 CAD

Price Per SF

$172.06 CAD

Percent Leased

61%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

6,400 SF

Building FAR

0.09

Lot Size

1.60 AC

Zoning

Town Center- Mixed Use - Zoning: TC (Town Center)

Parking

66 Spaces (6.66 Spaces per 1,000 SF Leased)

Property Manager on Site
Security System

Signage

Central Heating

Air Conditioning

Major Tenants

Health Care and Social Assistance
-
$20.79 CAD
Triple Net
Jan 2027

Cleveland Clinic began in 1921 as a multi-specialty group practice in Cleveland, Ohio, founded by four physicians and built around patient care, cooperation and medical education. The company now operates as a nonprofit academic medical centre that combines clinical and hospital care with research, education and health information services, while also supporting digital access, care navigation and specialist-led institutes across a broad range of medical disciplines. Cleveland Clinic serves patients through a wide network of hospitals, outpatient facilities and care programmes, and continues to focus on teaching, research and complex medical treatment within a large integrated health system.