Property Details:

• Property Type: Office
• Listing Type: Sale
• Year Built: 1910
• Building Size (SF): 52,388
• Square Feet Available: 52,388 SF
• Submarket: Downtown/CBD Area - DN-Z1
• County: Cuyahoga County

• General Information
  • Construction Status: Existing
  • Primary Use: Office
  • Construction Type: Masonry
• Size & Area
  • Building SF: 52,388
  • Land Size (Acres): 2.03
• Height & Structural Specs
  • # Floors: 2
• Parking & Access
  • Parking Spaces: 92
• Zoning & Development
  • Parcel Number: 118-15-001

Property Description:

The Baker Electric Building presents a rare opportunity to acquire a historically significant, income-producing asset in Cleveland’s MidTown Health-Tech Corridor. The 52,388-square-foot property offers 6,476 square feet of available first-floor space, allowing an owner-user to establish its operations while benefiting from approximately $118,000 in annual in-place NOI. Originally designed in 1910 by architect Frank B. Meade as Walter C. Baker’s first electric automobile showroom, the property has been rooted in innovation from its inception and is listed on the National Register of Historic Places. In 2006, noted Cleveland developer and architect Richard “Dick” Pace and Cumberland Development thoughtfully redeveloped the building for modern office, laboratory and technology users while preserving its historic character. Today, the property pairs 12- to 15-foot ceilings and distinctive architecture with modern infrastructure, including geothermal HVAC, backup power, fiber-optic connectivity and updated building systems. Situated on approximately 1.94 acres with 92 secured employee and visitor parking spaces, the offering provides an owner-user with immediate occupancy, established cash flow and ownership of a recognizable Cleveland landmark. Compelling Owner-User Opportunity – 6,476 SF of available first-floor space allows a buyer to establish its own presence while benefiting from the building’s existing tenant base. Immediate In-Place Income – Approximately $118,000 in annual NOI helps offset occupancy costs and provides meaningful income from day one. MidTown Health-Tech Corridor Location – Strategically positioned within one of Cleveland’s leading districts for healthcare, technology and innovation-oriented organizations.

More Information:

Listing Agents:

Rico A. Pietro, SIOR

Kirsten Paratore