Second-Generation Restaurant
For Sale
Contact for pricing
2175 Cornell Rd, Cleveland, OH 44106
Restaurant property with dining, bar, private-event space, and an equipped kitchen with a large hood system.
Property Size5,051 SF
Price / SF$306.87
Days on Market518
Property Features for 2175 Cornell Rd
General Information
Standard status
Active
Size
5,051 SF
Property subtype
RETAIL
Restaurant
Commercial Hood
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Listing Agency:
Cresco Real Estate | Cleveland
(216) 525-1473
Listed By:
Robby Martinelli
(216) 232-4104
Source:
Moodyscre
Added: Feb 28, 2025
Changed: Jul 31
Last Checked: Jul 31 at 8:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This 5,051-square-foot second-generation restaurant space includes a main dining area, a king-size bar area, and a second-floor intimate space for private parties and events. Existing furniture remains with the property, and a liquor license is included.
The spacious kitchen is equipped with standard equipment described as being in above-par condition, with a large hood system in place. A property condition report is available upon request and describes the building’s condition.
The spacious kitchen is equipped with standard equipment described as being in above-par condition, with a large hood system in place. A property condition report is available upon request and describes the building’s condition.
Key Highlights
- 5,051‑square‑foot second‑generation restaurant space
- Main dining area with king‑size bar area
- Second‑floor intimate space for private parties and events
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.9k | $18.00 |
| − Vacancy | −$6.4k | −$1.26 |
| EGI | $84.6k | $16.74 |
| − OpEx | −$21.1k | −$4.19 |
| NOI | $63.4k | $12.56 |
5,051 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$905.9K
$792.7K – $1.06M
NOI $63,415 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,282 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
4,541
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44106, OH
26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Retail in Cleveland, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with dining, bar, private-event space, and an equipped kitchen with a large hood system.
Where is this conventional restaurant located?
The property is located at 2175 Cornell Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 5,051‑square‑foot second‑generation restaurant space; Main dining area with king‑size bar area; Second‑floor intimate space for private parties and events
