2175 Cornell Road — Sale in Cleveland, OH

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cleveland, OH 44106
  • Size: 5,051 SF
  • Year built: 1943

Investment Figures

Price per square foot
$307

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

This is a rare opportunity to establish a presence in the historic Little Italy neighborhood. Under new ownership, the space offers a unique partnership opportunity. The second-generation restaurant is in excellent condition and features a main dining area with a king-size bar, a second-floor intimate space perfect for private parties and events, and all existing furniture remains in place. Additionally, a liquor license is included. The spacious kitchen comes fully equipped with standard equipment, all maintained in above-par condition, along with a large hood system. A property condition report is available upon request, confirming that the building is in fantastic shape.

Market Context

This retail in Cleveland, OH is listed for sale at $1,550,000 across 5,051 SF ($307/SF). The building dates to 1943. It has been on the market for 191 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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