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    5701-5711 Detroit Ave Cleveland, OH 44102

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    For Sale
    $1,000,000

    11,614 SF building in Gordon Square/Detroit Shoreway neighborhood.

    Property size:
    11,614 SF
    Lot size:
    0.32 Acres

    Property Features for 5701-5711 Detroit Ave

    General Information

    Size
    11,614 SF
    Lot size
    0.32 Acres

    Source: Cresco Real Estate | Cleveland Agent David Leb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gordon Square Freestanding Retail Building

    This 11,614 square foot freestanding building is situated on 0.43 acres in the Gordon Square/Detroit Shoreway neighborhood. The property presents a rare opportunity for an owner-user or developer. It is located at the signalized intersection of Detroit Avenue and West 58th Street, adjacent to Cleveland’s newest mixed development, Welleon, and moments away from Route 2, which sees over 40,000 vehicles per day. Nearby tenants include NUIQ Wellness Lounge & Med Spa, Purefyx Health Bar, Cleveland Bagel Company, Astoria Cafe & Market, Capitol Theatre, Il Rione Pizzeria, and Brewnuts.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Urban Orchid, Urban Orchid Ohio City

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7258075
    Latitude
    41.4850901

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    FAQs

    What type of property is this?
    Storefront property - 11,614 SF building in Gordon Square/Detroit Shoreway neighborhood.
    Where is this storefront property located?
    The property is located at 5701-5711 Detroit Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Rare opportunity in the heart of Gordon Square/Detroit Shoreway.; - 11,614 SF freestanding building on 0.43 acres.; - Located at the signalized intersection of Detroit Avenue and West 58th Street.
    (216) 520-1200
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5701-5711 Detroit Ave Cleveland, OH 44102
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