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5701-5711 Detroit Ave
Cleveland, OH 44102
Retail Property For Sale


Executive Summary
This rare opportunity presents an ideal option for an owner-user or developer in the heart of the vibrant Gordon Square/Detroit Shoreway neighborhood. The offering includes an 11,614 square foot freestanding building situated on 0.43 acres at the signalized intersection of Detroit Avenue and West 58th Street. Strategically located next to Welleon, Cleveland’s newest mixed-use development, the property benefits from significant foot and vehicle traffic. Nearby tenants enhance the appeal of the area and include NUIQ Wellness Lounge & Med Spa, Purefyx Health Bar, Cleveland Bagel Company, Astoria Cafe & Market, Capitol Theatre, Il Rione Pizzeria, and Brewnuts, among others. With Route 2 just moments away, offering over 40,000 vehicles per day, accessibility is a major advantage. The property, located at 5701-5711 Detroit Avenue, is offered for sale at $1,000,000. Originally built in 1906 and renovated in 1952, the two-story building offers 18 surface parking spaces. It spans two parcels, identified as #002-15-010 and #002-15-008. This highly visible and well-positioned site is ideal for a variety of uses and presents strong potential for continued growth alongside one of Cleveland’s most dynamic neighborhoods.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,614 SF
Building Class
C
Year Built/Renovated
1906/1952
Price
$1,379,900 CAD
Price Per SF
$118.81 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.62
Lot Size
0.43 AC
Zoning
LR - Local retail business district zoning.
Parking
18 Spaces (1.55 Spaces per 1,000 SF Leased)
Frontage
107’ on DETROIT AVE
Property Taxes
| Parcel Numbers | Improvements Assessment | $160,586 CAD | |
| Land Assessment | $35,981 CAD | Total Assessment | $196,567 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$35,981 CAD
Improvements Assessment
$160,586 CAD
Total Assessment
$196,567 CAD
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