Former Supermarket Retail
6101-6105 Detroit Ave Cleveland, OH 44102
6101-6105 Detroit Ave, Cleveland, OH, 44102
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For Sale
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Flexible, storefront-ready retail building with dedicated parking and strong Detroit Avenue frontage in a vibrant arts district.
Property Size8,500 SF
Price / SF$135.29
Days on Market52
Property Features for 6101-6105 Detroit Ave
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Property subtype
- RETAIL
Listing Agency
Newmark | Cleveland
(216) 453-3032
Listed by
Richard Sheehan
Source
Moodyscre
Added: May 28 Checked: Jul 17 at 4:22 am
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
Investment Insights
Based on property information with market context.
This 8,500 SF, one-story commercial retail building is well suited for a range of uses, with a layout that was previously operated as a supermarket. The property offers flexible reuse potential, including retail, restaurant, service, or creative concepts, with the existing configuration supporting tenant-driven customization. An attached parking field provides approximately 12 surface spaces to support customers and staff.
The building benefits from prominent Detroit Avenue frontage, offering 120 feet of visibility along a highly trafficked commercial corridor. It is positioned in the Gordon Square Arts District, with convenient access to nearby Cleveland destinations including Ohio City, W. 25th Street, and Downtown Cleveland. This combination of frontage and neighborhood context supports retail and experiential uses that rely on walk-in and drive-by interest.
For buyers, the site presents a practical owner-user or value-add opportunity in an urban district where adaptive reuse can be a strong fit. Tenants seeking a durable, street-facing storefront location with parking will find the building’s former supermarket base particularly helpful for establishing a streamlined operations plan across retail, food, and service formats.
The building benefits from prominent Detroit Avenue frontage, offering 120 feet of visibility along a highly trafficked commercial corridor. It is positioned in the Gordon Square Arts District, with convenient access to nearby Cleveland destinations including Ohio City, W. 25th Street, and Downtown Cleveland. This combination of frontage and neighborhood context supports retail and experiential uses that rely on walk-in and drive-by interest.
For buyers, the site presents a practical owner-user or value-add opportunity in an urban district where adaptive reuse can be a strong fit. Tenants seeking a durable, street-facing storefront location with parking will find the building’s former supermarket base particularly helpful for establishing a streamlined operations plan across retail, food, and service formats.
Key Highlights
- 8,500 SF 1‑story commercial/retail building with flexible interior layout for retail, restaurant, service, or creative reuse
- Prime Detroit Avenue frontage with 1,120' frontage in the Gordon Square Arts District
- Includes 25 surface parking spaces for on‑site customer parking
Local Financial Insights For Retail
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 | $127.5k | $15.00 |
| − Vacancy | −$10.8k | −$1.28 |
| EGI | $116.7k | $13.73 |
| − OpEx | −$35.0k | −$4.12 |
| NOI | $81.7k | $9.61 |
8,500 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,718 @ 7.0% cap · market cap 9.28%
Second Best
Retail
$1.17M
$1.02M – $1.36M
NOI $81,664 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,199 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Flexible, storefront-ready retail building with dedicated parking and strong Detroit Avenue frontage in a vibrant arts district.
Where is this retail space located?
The property is located at 6101-6105 Detroit Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 8,500 SF 1‑story commercial/retail building with flexible interior layout for retail, restaurant, service, or creative reuse; Prime Detroit Avenue frontage with 1,120' frontage in the Gordon Square Arts District; Includes 25 surface parking spaces for on‑site customer parking
