7412 Detroit Ave Cleveland, OH 44102
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.