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    3029 Prospect Ave Cleveland, OH 44115

    For Lease
    $12 SF/Yr ($18,000 /Mo)

    Historic building, flexible suites available.

    Lot size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This stunning Class B creative office building, located in Cleveland's vibrant Midtown, offers a unique opportunity for businesses seeking flexible and inspiring workspace. Originally a private residence in the Prospect Avenue Historic District, this multi-tenant property boasts a rich history and now houses a diverse mix of tech and financial companies. The building offers a total of 18,000 square feet, with 4,000 square feet currently vacant and available for lease. Spaces range from a minimum of 2,000 square feet to a maximum contiguous space of 4,000 square feet, providing options for businesses of various sizes. On-site management ensures smooth operations, while convenient on-site parking adds to the property's appeal. A build-to-suit opportunity may be available for qualified tenants. The building's prime Midtown location offers easy access to major interstates (I-90, I-71, and I-77), placing businesses within close proximity to Cleveland State University and the Cleveland Clinic, providing access to a large talent pool and significant healthcare resources. This is a rare chance to secure office space in a historic, well-maintained building with excellent amenities and a highly desirable location.

    Property Features for 3029 Prospect Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF
    Class
    B
    Total Rate
    18000

    Unit(s) available at that property

    Space
    Garden Level
    Size
    1,355 SF
    Rate per SF
    $12
    Space
    Office Suite
    Size
    3,800 SF

    HighLights

    • 18,000 SF Class B multi‑tenant creative office building in Cuyahoga County.
    • 2,000 - 4,000 SF of contiguous space available for lease.
    • On‑site parking and management.
    • Build‑to‑suit options available.
    • Excellent Midtown location, near I‑90, I‑71, I‑77, CSU, and the Cleveland Clinic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    eastbatonrougesupervisor.jobs Employment Agency Dot RealEstate, LLC ... Web Hosting Company Huntington Beach Cna ... Information Services bixby.jobs Employment Search Service Secure.jobs Employment Agency

    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
    -81.6666432
    Latitude
    41.5017329

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    FAQs

    What type of property is this?
    Office space - Historic building, flexible suites available.
    Where is this office space located?
    The property is located at 3029 Prospect Ave Cleveland, OH.
    What is the lease rate?
    The lease rate is $0.00-$12 SF/Yr.
    What are key features of this property?
    This property features: 18,000 SF Class B multi-tenant creative office building in Cuyahoga County.; 2,000 - 4,000 SF of contiguous space available for lease.; On-site parking and management.
    Request Owner's contact information
    3029 Prospect Ave Cleveland, OH 44115
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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
    3029 Prospect Ave Cleveland, OH 44115
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