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

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. It has been on the market for 54 days. 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 4.4% vacancy rate, average asking rents near $16.16/SF/yr, and cap rates around 8.7%.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.7% as of Q1 2026.
Is the Cleveland retail market tightening or softening?
Vacancy is around 4.4% (Q1 2026).

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