2900 Detroit Ave, Cleveland, OH
Iconic building with premium finishes, highway access, and reserved parking.
- Added:
- Jun 30, 2025
- Days on Market:
- 350
- Last Refresh:
- May 20 at 9:14 pm
Property Features for 2900 Detroit Ave
General Information
- Standard status
- Active
- Size
- 9,820 SF
- Lot size
- 0.29 Acres
- Property subtype
- OFFICE
Listing agent Terry Coyne, SIOR, CCIM
Listing office Newmark | Cleveland (216) 861-3040
Listing date Jun 30, 2025
Source Moodyscre
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 Newmark | Cleveland
HighLights
- Incredible craftsmanship on historic rehab of 120+ year old iconic building
- 8 reserved parking spaces
- Fantastic Highway Access via Route 2
- Minutes to Ohio City & West 25th St.
- Tons of glass and premium finishes throughout
- Located on the RTA Bus Line
Overview
Local Financial Insights For Office B
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 | $222.7k | $22.68 |
| − Vacancy | −$44.5k | −$4.54 |
| EGI | $178.2k | $18.14 |
| − OpEx | −$44.5k | −$4.54 |
| NOI | $133.6k | $13.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7115
- Latitude
- 41.4901
