5218 Detroit Ave — Sale in Cleveland, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cleveland, OH 44102
  • Size: 84,863 SF

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5218 Detroit Ave — Sale in Cleveland, OH, photo 1 of 1

Description

5218 Detroit Avenue, is a 7,884-square-foot commercial/retail building located in a vibrant arts, entertainment and urban residential neighborhood. This desirable property is located in a strategic location close to Gordon Greene Wedding Venue, Gordon Square, residential, retail, dining and entertainment venues.

Market Context

This retail in Cleveland, OH is listed for sale across 84,863 SF. Compare it against other retail listings for sale in Cleveland, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

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