7501 Carnegie Avenue — Sale in Cleveland, OH

  • Price: $920K
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Cleveland, OH 44103
  • Size: 138,046 SF

Description

The subject property consists of a multi-tenant structure totaling approximately 138,046 SF inclusive of approximately 5,048 SF of Office, 8,630 SF of Retail, and the balance of production, cooler, freezer, storage, and traditional warehouse. Our research confirms the original construction commenced in 1925 with multiple, various additions. The property began major renovations in 2012 and are still ongoing. Renovations include test kitchens, upgraded tenancy, significant roof and dock work, storefronts, freezer / cooler upgrades and expansions., etc. The property has been refurbished and is approximately 100% (there is a historic 11,278 SF roundabout that is currently used for parking and storage) leased. The property also contains two (2) drive-in doors and seven (7) dock doors with a ceiling heights up to 26’9”. Other property amenities include: heavy power, sprinkler system through the whole building; shop restrooms; floor drains, food grade ready racking, freezer, cooler, food prep areas, retail, etc.

Market Context

This industrial in Cleveland, OH is listed for sale at $920,000 across 138,046 SF ($7/SF). It has been on the market for 191 days. Compare it against other industrial listings for sale in Cleveland, OH — view the full market.

As of Q1 2026, the Cleveland industrial market showed an 8.8% vacancy rate, and cap rates around 10.5%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Cleveland?
About 10.5% as of Q1 2026, per multiple brokerage reports.
Is the Cleveland industrial market tightening or softening?
Vacancy is around 8.8% (Q1 2026).

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