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Ohio City Creative Retail Space
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4517 Lorain Ave, Cleveland, OH

2700 SF creative/retail space in Ohio City for rent.

Space Size2,700 SF
Lot Size0.13 Acres
Days on Market672

Property Features for 4517 Lorain Ave

General Information

Standard status Active
Size 2,700 SF
Lot size 0.13 Acres
Property subtype RETAIL

Spaces For Lease

at 4517 Lorain Ave Contact us

4517 Lorain Ave $18/SF/Yr

Floor
2
Size
2,700 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
• 2nd floor office/creative/retail space in 2024 gut rehab historic property on...
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Listing Agency: Cresco Real Estate | Cleveland
Listed By: Alex Smith
Source: Moodyscre
Added: Oct 7, 2024 Changed: Aug 8 Last Checked: Aug 9 at 5:33AM

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 Cresco Real Estate | Cleveland

Investment Insights

Based on property information with market context.

This is a 2nd floor office, creative, or retail space located in a historic property on Lorain Avenue in Ohio City, which is undergoing a complete renovation in 2024. The space is suitable for a creative or arts-focused commercial user. It features new windows, HVAC, ceilings, bathrooms, and a kitchenette. The property is situated above the upcoming Guitar Riot showroom and is adjacent to Arsenal Cider House and Visible Voice Books, which will include a cafe, bar, and a 135-seat performance venue for national touring acts. The property has a total size of 2700 square feet.

Key Highlights

  • Gut rehab in 2024 of historic property
  • Prime location on Lorain Avenue in Ohio City
  • Brand new windows, HVAC, ceilings, bathrooms, and kitchenette

Property Analytics

Current Use

New Life Church Church Casa Del Alfarero Church

Suggested Use

Top Pick Dental Office Accounting Firm Computer & Electronic Repair Nail Salon (Bike/Boat/Book/etc) Store Tech Support Center

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

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

907
Businesses Nearby

Market

Lease Benchmarks for Cleveland, OH

$16.73 /SF/Yr
Avg Asking Price
$0.58–$30 /SF/Yr
Price Range
9,313 SF
Avg Space Size

This space is priced 8% above the average of $16.73 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Retail space - 2700 SF creative/retail space in Ohio City for rent.
Where is this retail space located?
The property is located at 4517 Lorain Ave Cleveland, OH.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Gut rehab in 2024 of historic property; Prime location on Lorain Avenue in Ohio City; Brand new windows, HVAC, ceilings, bathrooms, and kitchenette
(216) 525-1488 Call to check price and availability
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