5403 E Schaaf Rd — Sale in Independence, OH

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Independence, OH 44131
  • Size: 20,075 SF

Photos

5403 E Schaaf Rd — Sale in Independence, OH, photo 1 of 5
5403 E Schaaf Rd — Sale in Independence, OH, photo 2 of 5
5403 E Schaaf Rd — Sale in Independence, OH, photo 3 of 5
5403 E Schaaf Rd — Sale in Independence, OH, photo 4 of 5
5403 E Schaaf Rd — Sale in Independence, OH, photo 5 of 5

Investment Figures

Price per square foot
$80

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Independence industrial valley, close proximity to I77 and I-480

Market Context

This industrial in Independence, OH is listed for sale at $1,606,000 across 20,075 SF. Compare it against other industrial listings for sale in Independence, OH — view the full market.

As of Q2 2026, the Cleveland industrial market showed a 3.9% vacancy rate, average asking rents near $5.79/SF/yr, and rents up 10.2% year over year. Source: multiple brokerage reports, Q2 2026.

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

Industrial market FAQ

Is the Cleveland industrial market tightening or softening?
Vacancy is around 3.9%, with asking rents rising year over year (Q2 2026).

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