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Divisible Ground-Level Retail Space
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645 Prospect Avenue East, Cleveland, OH 44115

The premises can be leased as one space or divided into a smaller suite.

Space Size1,500 SF - 3,000 SF
Days on Market47

Property Features for 645 Prospect Avenue East

General Information

Standard status Active
Size 1,500 SF - 3,000 SF
Net Rentable 3,000 SF
Property subtype Retail

Space & Availability

Available Space 1,500-3,000 SF
Contiguous Space 3,000 SF
Divisible Yes
Floor Ground
Space Use Retail

Site & Location

Neighborhood Gateway District
Listing Agency: CBRE | Cleveland
Listed By: Vince Mingo · License #2019001372
Source: Cbre
Added: Sep 12 Changed: Oct 26 Last Checked: Oct 28 at 7:17AM

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 CBRE | Cleveland

Rey
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Investment Insights

Based on property information with market context.

This retail offering occupies the ground floor of the 645 Prospect parking garage and provides 3,000 square feet of commercial space. The layout allows the premises to be divided into a 1,500-square-foot suite, providing flexibility for different space requirements.

The property is in downtown Cleveland, minutes from the Sherwin Williams global headquarters and within walking distance of House of Blues, Rocket Arena, and Progressive Field. The surrounding area includes restaurants and bars such as Marble Room, Shake Shack, Cordelia, Blue Agave, Red The Steakhouse, Southern Tier Brewery, Butcher and the Brewer, Mabel’s BBQ, and The Corner Alley.

Luxury apartment buildings on the same block include Skyline 776 with 304 units, The Beacon with 187 units, and The Garfield with 125 units. The area has a daytime population of 162,540 within a 3-mile radius.

Key Highlights

  • 3,000 SF ground‑level retail space within the 645 Prospect parking garage
  • Divisible to a 1,500 SF suite
  • Downtown Cleveland location at 645 Prospect Avenue East

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Cleveland Construction, Inc. General Contractor 645 Prospect Garage Parking Lot & Garage

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Butcher Home Appliance Store Acupuncture Electrical Service

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

Location Intelligence

Trade Area within ½ mile

6,387
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Cleveland, OH

$16.54 /SF/Yr
Avg Asking Price
$3.61–$30 /SF/Yr
Price Range
16,721 SF
Avg Space Size

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019
8.5% 2020
7.2% 2021
6.9% 2022
6.7% 2023
6.9% 2024
7.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The premises can be leased as one space or divided into a smaller suite.
Where is this retail space located?
The property is located at 645 Prospect Avenue East Cleveland, OH.
What are key features of this property?
This property features: 3,000 SF ground‑level retail space within the 645 Prospect parking garage; Divisible to a 1,500 SF suite; Downtown Cleveland location at 645 Prospect Avenue East
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