6101 Detroit Avenue — Sale in Cleveland, OH

  • Price: $975K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cleveland, OH 44102
  • Size: 8,500 SF

Photos

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Investment Figures

Price per square foot
$115

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

Prime Gordon Square location meets strong investment potential at 6101 Detroit Avenue. This mixed-use building sits directly on Detroit Avenue’s high-visibility corridor, offering excellent frontage, pedestrian activity, and proximity to major redevelopment projects. The former supermarket storefront is well-positioned for retail, restaurant, service, or creative conversion uses.

Market Context

This retail in Cleveland, OH is listed for sale at $975,000 across 8,500 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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