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Historic Renovated Mixed-Use Property
For Sale
$995,000

3047 Prospect Ave E, Cleveland, OH 44115

Commercially zoned property combines office, residential, and auxiliary space across a historic district setting.

Property SizeContact for details
Days on Market81

Property Features for 3047 Prospect Ave E

General Information

Standard status Active

Building Details

Year Built 1901
Listing Agency: VSD Realty, LLC.
Listed By: Jennifer R Woomer
Source: Theacclaimedrealty
Added: Jun 12 Changed: Aug 30 Last Checked: Aug 25 at 5:36AM

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 VSD Realty, LLC.

Investment Insights

Based on property information with market context.

The Dr. William H. Gifford House is a commercially zoned mixed-use property with historically renovated improvements. The main structure contains 8,625 square feet of office space and residential units across two and a half stories, with an additional 1,300 square feet of office area at the garden level. A separate Carriage House contributes 2,675 square feet of office space. Central air is provided, and the property includes 12 parking spaces.

The property is situated within the Prospect Avenue Historic District and the National Register Midtown Historic District. It offers proximity to I-90, downtown, and University Circle, with access to public transportation. The site was built in 1901 and has been identified for office, medical-office, and student-housing use.

Key Highlights

  • 8,625 sq. ft. of office space and residential units across 2 1/2 stories
  • Additional 1,300 sq. ft. of garden‑level office space
  • Carriage House includes 2,675 sq. ft. of office space

Property Analytics

Current Use

Ziska Architects LLC Architect

Suggested Use

Top Pick Locksmith Home Appliance Store (Bike/Boat/Book/etc) Store Wine and Liquor Store Pet Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,335
Businesses Nearby

Demographics for 44115, OH

8,985
Population
5,691
Households
1.6
Avg Household Size
27
Median Age
34%
College-Educated
86%
High-School Grad
2.1 sq mi
ZIP Area
4,279
Density / Sq Mi
$21,293
Median Household Income
$27,515
Median Earnings
$850
Median Rent
$151,300
Median Home Value

Market

Vacancy Rate% for Office in Cleveland, OH

6.9% 2019
6.6% 2020
6.6% 2021
7.6% 2022
10.8% 2023
10.6% 2024
10.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned property combines office, residential, and auxiliary space across a historic district setting.
Where is this mixed-use property located?
The property is located at 3047 Prospect Ave E Cleveland, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8,625 sq. ft. of office space and residential units across 2 1/2 stories; Additional 1,300 sq. ft. of garden‑level office space; Carriage House includes 2,675 sq. ft. of office space
More about this property
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