Listing Agency: Colliers | Cleveland Show Phone

Listed By: Jeremy Bates

Source: Moodyscre

Added: Jul 28 Changed: Jul 31 Last Checked: Jul 31 at 2:09PM

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Investment Insights

Based on property information with market context.

The former Martin Luther King Plaza property comprises 4.45 acres of commercial land available for redevelopment. The site is preapproved for multifamily redevelopment, providing a defined redevelopment framework for the property.

The Cleveland site is located near University Circle, Cleveland Botanical Garden, Cleveland Clinic Main Campus, Louis Stokes Cleveland VA Medical Center, and the Case Western Reserve Campus. Its setting among recognized educational, medical, cultural, and institutional destinations supports consideration for multifamily redevelopment.

Key Highlights

• 4.45‑acre commercial land site available for redevelopment
• Preapproved for multifamily redevelopment
• Former Martin Luther King Plaza property

Property Analytics

Current Use

Washington & Co Insurance ... Insurance Agency Martin Luther King ... Business Service Center Oasis Wholesale Big Box & Wholesale Store Mobile Zone Mobile Phone Store

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Gym & Fitness 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.

Location Intelligence

Trade Area within ½ mile

1,291

Businesses Nearby

Explore this area Business Placement

Demographics for 44106, OH

26,608

Population

13,287

Households

2

Avg Household Size

29

Median Age

47%

College-Educated

89%

High-School Grad

4.3 sq mi

ZIP Area

6,188

Density / Sq Mi

$42,869

Median Household Income

$27,056

Median Earnings

$1,024

Median Rent

$241,600

Median Home Value

Market

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

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Frequently Asked Questions

What type of property is this?

Commercial land - Preapproved for multifamily redevelopment with access to several prominent Cleveland institutions and medical campuses.

Where is this commercial land located?

The property is located at 9300 Wade Park Ave Cleveland, OH.

What are key features of this property?

This property features: 4.45‑acre commercial land site available for redevelopment; Preapproved for multifamily redevelopment; Former Martin Luther King Plaza property