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Property profile & analytics
OFF-MARKET
Specialty properties

3029 Prospect E Ave Cleveland, OH 44115-2659

0.72 ac lot Built 1971
Entity Owned 29-yr Hold Free & Clear
Property ID
US66-2236915
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1971
Lot 0.72 ac (31,400 SF)
Zoning code GR
APN 103-06-018
UPID US66-2236915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • eastbatonrougesupervisor.jobs Employment Agency
  • Dot RealEstate, LLC (DRE) Data Center IT Consulting Firm
  • Huntington Beach Cna Jobs Information Services
  • bixby.jobs Business Service Center Employment Agency
  • Secure.jobs Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
POSITIVE EDUCATION PROG
POSITIVE EDUCATION PROG
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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