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    4517 Lorain Ave Cleveland, OH 44102

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    For Lease
    $18 SF/Yr ($4,050 /Mo)

    2700 SF creative/retail space in Ohio City for rent.

    Property size:
    2,700 SF
    Lot size:
    0.13 Acres

    Property Features for 4517 Lorain Ave

    General Information

    Size
    2,700 SF
    Lot size
    0.13 Acres

    Source: Cresco Real Estate | Cleveland Agent David Leb

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

    Overview

    Ohio City Creative Retail Space

    This is a 2nd floor office, creative, or retail space located in a historic property on Lorain Avenue in Ohio City, which is undergoing a complete renovation in 2024. The space is suitable for a creative or arts-focused commercial user. It features new windows, HVAC, ceilings, bathrooms, and a kitchenette. The property is situated above the upcoming Guitar Riot showroom and is adjacent to Arsenal Cider House and Visible Voice Books, which will include a cafe, bar, and a 135-seat performance venue for national touring acts. The property has a total size of 2700 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    New Life Church Church Casa Del Alfarero Church

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7181058
    Latitude
    41.4785471

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    FAQs

    What type of property is this?
    Retail space - 2700 SF creative/retail space in Ohio City for rent.
    Where is this retail space located?
    The property is located at 4517 Lorain Ave Cleveland, OH.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Gut rehab in 2024 of historic property; - Prime location on Lorain Avenue in Ohio City; - Brand new windows, HVAC, ceilings, bathrooms, and kitchenette
    (216) 520-1200
    Request Owner's contact information
    4517 Lorain Ave Cleveland, OH 44102
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    Cleveland, OH 44102
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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
    4517 Lorain Ave Cleveland, OH 44102
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