8400 Madison Avenue — Sale in Cleveland, OH

  • Price: $920K
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Cleveland, OH 44102
  • Size: 29,120 SF
  • Year built: 1920

Investment Figures

Price per square foot
$32

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 property offers an excellent location with easy access to I-90 and SR-2, providing convenient connectivity to both the east and west sides of Northeast Ohio. Multiple power services support a wide range of manufacturing uses, while drive-thru bays allow for flexible process flows. It presents an outstanding opportunity to own in a rapidly growing sector of Cleveland and is just minutes from Lakewood and Battery Park, offering abundant dining, shopping, and service amenities.

Market Context

This industrial in Cleveland, OH is listed for sale at $920,000 across 29,120 SF ($32/SF). The building dates to 1920. It has been on the market for 192 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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