310-320 Prospect Avenue — Sale in Cleveland, OH

  • Price: $995K
  • Listing type: For sale
  • Asset type: Office
  • Location: Cleveland, OH 44115
  • Size: 12,918 SF
  • Year built: 1940

Investment Figures

Price per square foot
$77

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

12,918 SF mixed-use building with a 16 spot parking lot at the corner of E 4th St and Prospect Ave. Digital advertising and first floor restaurant availability. Premiere parking for Rocket Mortgage Field House, Progressive Field, and Cleveland Browns Stadium. Adjacent to Bedrock development site. Opportunity to own a highly desirable parking lot in the heart of downtown Cleveland.

Market Context

This office in Cleveland, OH is listed for sale at $995,000 across 12,918 SF ($77/SF). The building dates to 1940. It has been on the market for 191 days. Compare it against other office listings for sale in Cleveland, OH — view the full market.

As of Q1 2026, the Cleveland office market showed a 26.9% vacancy rate, and average asking rents near $20.28/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Cleveland office market tightening or softening?
Vacancy is around 26.9% (Q1 2026).

Estimated Market Rate

$54.70/SF – $66.33/SF

Mid: $64.35/SF

Estimated total for 12,918 SF: $831,273 per year

Rate-first confidence-weighted blend with cost-of-business adjustment.

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