Creative Space with Approved
For Sale
$470,000
1350 W 69th Street, Cleveland, OH 44102
Partially rehabilitated commercial building with flexible reuse potential and an adjacent lot approved for parking.
Property Size4,000 SF
Days on Market73
Property Features for 1350 W 69th Street
General Information
Standard status
Active
Size
4,000 SF
Class
Class B
Property subtype
10/19/2026
Site & Location
Neighborhood
Detroit-Shoreway
Highway Access
Yes
Building Details
Building Size
4,000 SF
Year Built
2026
Listing Agency:
Cresco Real Estate | Cleveland
Listed By:
Conor Coakley
(216) 232-4102
Source:
Cushmanwakefield
Added: Aug 13
Changed: Oct 21
Last Checked: Oct 23 at 3:28AM
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
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Investment Insights
Based on property information with market context.
Built in 1915, this 4,000-square-foot property offers a distinctive setting for creative commercial use. The building was previously used as a church and, earlier, as an Italian social club dance hall; portions have been rehabilitated, and the property is zoned for commercial use. An adjacent lot has received City of Cleveland approval for parking, with the related site plan referenced in the property materials.
The property is positioned in Cleveland’s Gordon Square Arts District, with access to Route 2 and nearby Edgewater Park, the Gordon Square Retail District, Battery Park, Stone Madd Pub, Il Rione, and Luxe. Its existing volume, history, and partial rehabilitation provide a defined starting point for an owner-user reuse project or live-work application, subject to applicable approvals.
The property is positioned in Cleveland’s Gordon Square Arts District, with access to Route 2 and nearby Edgewater Park, the Gordon Square Retail District, Battery Park, Stone Madd Pub, Il Rione, and Luxe. Its existing volume, history, and partial rehabilitation provide a defined starting point for an owner-user reuse project or live-work application, subject to applicable approvals.
Key Highlights
- 4,000‑square‑foot building constructed in 1915
- Commercial zoning supports a range of reuse concepts
- Partially rehabilitated former church and Italian social club dance hall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,750
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,000
$675.0K
Cap Rate 7%
$482,143
$482.1K
Cap Rate 9%
$375,000
$375.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$60.0K $15.00/SF
− Vacancy
−$6.0K −$1.50/SF
EGI
$54.0K $13.50/SF
− OpEx
−$20.3K −$5.06/SF
NOI
$33.8K $8.44/SF
Area
Cleveland, OH
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,000
Cap Rate 7%
$482,143
Cap Rate 9%
$375,000
Alternative Uses
Best Use
Office B
$777.6K
$680.4K – $907.2K
NOI $54,432 @ 7.0% cap · market cap 11.58%
Second Best
Mixed Use
$482.1K
$421.9K – $562.5K
NOI $33,750 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$976.1K
$854.1K – $1.14M
NOI $68,329 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
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Market
Vacancy Rate% for Office in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Creative space - Partially rehabilitated commercial building with flexible reuse potential and an adjacent lot approved for parking.
Where is this creative space located?
The property is located at 1350 W 69th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 4,000‑square‑foot building constructed in 1915; Commercial zoning supports a range of reuse concepts; Partially rehabilitated former church and Italian social club dance hall
