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Property Description
Own Your Presence in the Heart of Downtown Cleveland. Position your business in the heart of Downtown Cleveland with this exceptional street-level commercial condominium offering approximately 2,790 square feet of versatile space. The main level features approximately 1,800 square feet with impressive exposed brick, original tile entrance, 12-14 foot ceilings, creating an open, inviting environment ideal for retail, professional offices, galleries, design studios, wellness services, or creative workspaces. An additional 990-square-foot lower level provides valuable space for offices, conference rooms, inventory, production, storage, or client support areas. A prominent 100-square-foot display window offers outstanding visibility along bustling Prospect Avenue, allowing your business to capture the attention of downtown residents, office workers, sports fans, and visitors. The first floor is ADA accessible and is complemented by a convenient ground-level overhead loading door for easy deliveries and operations. Additional amenities include two HVAC systems (heat pump and gas-fired), two restrooms, a kitchenette with refrigerator, and flexible interior space adaptable to a wide variety of commercial, retail, and office uses. Located just steps from Rocket Arena, Progressive Field, Playhouse Square, East 4th Street, and Cleveland's thriving entertainment and business district, this is a rare opportunity to own commercial real estate in one of the city's most active urban neighborhoods. The monthly condominium fee of $475 includes building insurance, water, exterior lighting, common area maintenance, exterior window washing, and exterior building maintenance, allowing owners to focus on growing their business rather than managing the property. Whether you're expanding an established business or launching a new venture, Unit E offers the visibility, flexibility, and downtown presence to make your vision a reality.
Full Property Details
Full Property Details for 1148 Prospect Ave E
General
- Price: $450,000
- Taxes: $9,166 (2025)
- Status: Active
- Type: Office
- Source: 505
- MLS ID: 5223243
- Updated: 7/6/2026
- Added to Site: 3 day(s) ago
Parking
- Parking Features: None, On Street
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Joshua E Hall Condo
- Driving Directions: Just west of Playhouse Square
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Basement: Yes
- Current Bldg. Use: Commercial, Office, Retail
- Year Built: 1889
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
- Other Struct. Feat.: Private Restrooms
Lot Features
- Lot Size (Acres): 26.7
- Lot Size: 26.7
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $9,166
- Tax Year: 2025
- Terms: Cash, Conventional, Lease Option
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: UNIT E VOL 162 PGS 43-45 26.7AC OL 150 JOSHUA E. HALL CONDOMINIUM 2009S/R
- Property ID: 101-37-305
Listed by Keller Williams Greater Metropolitan, Bob Zimmer
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Schools
Schools serving 1148 Prospect Ave E
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Campus International School 2160 Payne Avenue, Cleveland, OH 44114 | K-8 | 0.6 mi |
Cleveland High School for the Digital Arts 1440 Lakeside Avenue East, Cleveland, OH 44114 | 9-12 | 0.6 mi |
MC2 Stem High School 601 Erieside Avenue, Cleveland, OH 44114 | 9-12 | 0.9 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 6.7 mi |
Davis Aerospace & Maritime High School 1440 Lakeside Avenue East, Cleveland, OH 44114 | 9-12 | 0.6 mi |
Campus International High School 3100 Chester Avenue, Cleveland, OH 44114 | 9-12 | 0.9 mi |
Jane Addams Business Careers High School 2373 East 30th Street, Cleveland, OH 44115 | 9-12 | 0.9 mi |
Marion-Sterling Elementary School 3033 Central Avenue, Cleveland, OH 44115 | PK-8 | 0.9 mi |
Tremont Montessori School 2409 West 10th Street, Cleveland, OH 44113 | PK-8 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1148 Prospect Ave E
Date
Details
Price
Change
Source
7/03/2026
Listed
$450,000
11.11%
MLS
4/25/2023
Sold
$405,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1148 Prospect Ave E
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,970
7%
$141,750
—
2024
$9,293
-6%
$141,760
7%
2023
$9,915
-7%
$133,010
—
2022
$10,629
7%
$133,010
—
2021
$9,930
553%
$133,000
655%
2020
$1,521
8%
$17,610
—
2019
$1,406
-2%
$17,610
—
2018
$1,436
-2%
$17,610
2%
2017
$1,464
1%
$17,320
—
2016
$1,453
—
$17,320
—
2015
$1,452
3%
$17,320
3%
2014
$1,409
1%
$16,830
—
2013
$1,394
—
$16,830
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1148 Prospect Ave E
1148 Prospect Avenue E, Loveland, OH 44115 (MLS# 5223243) is a Office property. 1148 Prospect Avenue E is currently listed for $450,000 and was received on July 03, 2026. Want to learn more about 1148 Prospect Avenue E? Do you have questions about finding other Office real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

