Property profile

7412 Detroit Ave Cleveland, OH 44102

OFF-MARKET
Retail properties & Spaces
2,800 SF 0.7 ac lot Built 1989
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1989
Total area 2,800 SF
Lot 0.7 ac (30,492 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7412 Detroit Ave Cleveland, OH 44102
Cleveland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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