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    7412 Detroit Ave Cleveland, OH 44102

    For Lease
    $23 SF/Yr ($5,415 /Mo)

    Prime Cleveland location, 2800 sq ft restaurant space.

    Lot size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 2,800-square-foot retail or restaurant space is ideally situated at 7412 Detroit Avenue in Cleveland, Ohio, within Cuyahoga County (zip code 44102). The property, built in 1989 and renovated in 2009, boasts a single-story building on a 0.7-acre lot (APN: 002-05-024, 002-05-025). Classified as Class C, this former quick-service restaurant (QSR) offers a turnkey opportunity for a new tenant. The space features ample parking with 18 spaces, plus generous rear loading and unloading areas. The property's strategic location is surrounded by residential developments, ensuring a strong potential customer base. The annual rent is $65,000 ($6,454.11 monthly), with annual real estate taxes totaling $12,376.00 ($1,031.34 monthly). The total rent, including taxes, is $77,449.28 annually. This is a fantastic opportunity for a business seeking a well-established, easily adaptable space in a thriving Cleveland neighborhood. The property is currently vacant and ready for immediate occupancy.

    Property Features for 7412 Detroit Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,800 SF
    Class
    C
    Total Rate
    5415.67

    Building Details

    Year Built/Renovated
    1989/2009
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,800 SF
    Rate per SF
    $23
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.73613349
    Latitude
    41.48275368

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    FAQs

    What type of property is this?
    Restaurant - Prime Cleveland location, 2800 sq ft restaurant space.
    Where is this restaurant located?
    The property is located at 7412 Detroit Ave Cleveland, OH.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    Request Owner's contact information
    7412 Detroit Ave Cleveland, OH 44102
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    Cleveland, OH 44102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7412 Detroit Ave Cleveland, OH 44102
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