Second-Generation Restaurant
For Sale
$1,550,000
2175 Cornell Road, Cleveland, OH 44106
Restaurant property with dining, bar, private-event space, and an equipped kitchen with a large hood system.
Property Size5,051 SF
Days on Market86
Property Features for 2175 Cornell Road
General Information
Standard status
Active
Size
5,051 SF
Property subtype
10/19/2026
Site & Location
Neighborhood
Little Italy
Restaurant
Commercial Hood
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Building Details
Building Size
5,051 SF
Year Built
2026
Listed By:
Rico Pietro · License #OH BRK.2016000871
(216) 525-1473
Source:
Cushmanwakefield
Added: Jul 30
Changed: Oct 21
Last Checked: Oct 23 at 3:33AM
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 Rico Pietro
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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
Estimated NOI and Cap Rate
NOI / Yr
$63,415
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,300
$1.3M
Cap Rate 7%
$905,929
$905.9K
Cap Rate 9%
$704,611
$704.6K
Market Conditions
NOI Build-Up for 5,051 SF
Gross rent
$90.9K $18.00/SF
− Vacancy
−$6.4K −$1.26/SF
EGI
$84.6K $16.74/SF
− OpEx
−$21.1K −$4.19/SF
NOI
$63.4K $12.56/SF
Area
Cleveland, OH
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,300
Cap Rate 7%
$905,929
Cap Rate 9%
$704,611
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,910
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Cleveland, OH
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 Road 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
