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    2831 Prospect Ave E Cleveland, OH 44115

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    For Sale
    Contact for pricing

    5,000 SF building ideal for retail, office, or light industrial.

    Property size:
    5,000 SF
    Lot size:
    0.28 Acres

    Property Features for 2831 Prospect Ave E

    General Information

    Size
    5,000 SF
    Lot size
    0.28 Acres

    Source: Passov Real Estate Group Agent Hanna Trolli

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

    Overview

    Freestanding Building Near Downtown Cleveland

    This is a freestanding building offering approximately 5,000 square feet of space, situated on a lot of approximately 0.283 acres. The property is zoned for Light Industry and features gated on-site parking. The interior layout is flexible. The location provides proximity to Downtown Cleveland, major hospitals, Cleveland State University, and highways. It is ideal for retail, office, or light industrial use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Kidney Foundation of Ohio, ... Non-Profit Organization Epilepsy Association Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6684722
    Latitude
    41.5012736

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    FAQs

    What type of property is this?
    Office building - 5,000 SF building ideal for retail, office, or light industrial.
    Where is this office building located?
    The property is located at 2831 Prospect Ave E Cleveland, OH.
    What are key features of this property?
    This property features: - ±5,000 SF freestanding building on ±0.283 acres; - Zoned for Light Industry; - Gated on-site parking is available
    (440) 752-8624
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    2831 Prospect Ave E Cleveland, OH 44115
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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
    2831 Prospect Ave E Cleveland, OH 44115
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