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Midtown-Flexible Affordable Storage Warehouse 4100 Payne Ave

10,000 - 227,608 SF of Industrial Space Available in Cleveland, OH 44103

Virtual Tour

Highlights

  • 4100 Payne Avenue offers flexible, economical industrial space with spacious, open floor plans near Downtown Cleveland.
  • Discover available spaces, including cold storage units and full-floor warehouses, ideal for a wide range of users.
  • Strategically located minutes from State Route 176, Cleveland Hopkins International Airport, and Interstates 71, 77, and 90.
  • Building features include multiple docks and drive-in doors, dry sprinklers, 10-foot ceilings, and three 7,000-pound, 9.4' by 21.5' freight elevators.
  • Lease rates range negotiable from $1.10 - $2.75/SF/YR based on location. On-site owner willing to build out space to tenant requirements.
  • Opportunity to lease a 27,450-square-foot gated parking lot, perfect for industrial vehicles with ample room for truck maneuvering.

Features

Clear Height
10’
Column Spacing
20’ x 20’
Drive In Bays
12
Exterior Dock Doors
39
Standard Parking Spaces
250

all available spaces(5)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • Basement - Heated
  • 20,000-65,000 SF
  • 1-5 Years
  • $2.50 /SF/YR $0.21 /SF/MO $162,500 /YR $13,542 /MO
  • Industrial
  • Full Build-Out
  • Now

Rental Rate: $2.10 /SF/YR - $2.50 / SF/YR The basement is 65,000 square feet of space that is heated well above freezing, a major saving for anyone that needed space that doesn’t freeze.

  • Lease rate does not include utilities, property expenses or building services
  • Industrial/Warehouse use
  • Ground - Parking lot
  • 27,608 SF
  • Negotiable
  • $2.50 /SF/YR $0.21 /SF/MO $69,020 /YR $5,752 /MO
  • Industrial
  • Full Build-Out
  • Now

Rental Rate: $1.70 /SF/YR - $2.50 / SF/YR Industrial/Commercial Parking Lot for lease @ 1750 E 43rd St Cleveland, OH

  • Lease rate does not include utilities, property expenses or building services
  • 3rd Floor
  • 20,000-40,000 SF
  • 1-5 Years
  • $2.75 /SF/YR $0.23 /SF/MO $110,000 /YR $9,167 /MO
  • Industrial
  • Full Build-Out
  • Now

Rental Rate: $1.10 /SF/YR - $2.75 / SF/YR Used as warehouse space. 20,000 SF, with room for expansion. Will build to suit.

  • Lease rate does not include utilities, property expenses or building services
  • Fits 100 - 320 People
  • Central Air Conditioning
  • 4th Floor
  • 20,000-45,000 SF
  • 1-5 Years
  • $1.40 /SF/YR $0.12 /SF/MO $63,000 /YR $5,250 /MO
  • Industrial
  • Full Build-Out
  • Now

Rental Rate: $1.10 /SF/YR - $1.40 / SF/YR For Cold Storage

  • Lease rate does not include utilities, property expenses or building services
  • Fits 100 - 320 People
  • Central Air Conditioning
  • 5th Floor
  • 10,000-50,000 SF
  • 1-5 Years
  • $1.10 /SF/YR $0.09 /SF/MO $55,000 /YR $4,583 /MO
  • Industrial
  • Full Build-Out
  • Now

Rental Rate: $1.10 /SF/YR Flexible lease terms

  • Lease rate does not include utilities, property expenses or building services
  • Private Restrooms
  • Central Air Conditioning
  • Fits 25 - 400 People
Space Size Term Rental Rate Space Use Condition Available
Basement - Heated 20,000-65,000 SF 1-5 Years $2.50 /SF/YR $0.21 /SF/MO $162,500 /YR $13,542 /MO Industrial Full Build-Out Now
Ground - Parking lot 27,608 SF Negotiable $2.50 /SF/YR $0.21 /SF/MO $69,020 /YR $5,752 /MO Industrial Full Build-Out Now
3rd Floor 20,000-40,000 SF 1-5 Years $2.75 /SF/YR $0.23 /SF/MO $110,000 /YR $9,167 /MO Industrial Full Build-Out Now
4th Floor 20,000-45,000 SF 1-5 Years $1.40 /SF/YR $0.12 /SF/MO $63,000 /YR $5,250 /MO Industrial Full Build-Out Now
5th Floor 10,000-50,000 SF 1-5 Years $1.10 /SF/YR $0.09 /SF/MO $55,000 /YR $4,583 /MO Industrial Full Build-Out Now

Basement - Heated

Size
20,000-65,000 SF
Term
1-5 Years
Rental Rate
$2.50 /SF/YR $0.21 /SF/MO $162,500 /YR $13,542 /MO
Space Use
Industrial
Condition
Full Build-Out
Available
Now

Ground - Parking lot

Size
27,608 SF
Term
Negotiable
Rental Rate
$2.50 /SF/YR $0.21 /SF/MO $69,020 /YR $5,752 /MO
Space Use
Industrial
Condition
Full Build-Out
Available
Now

3rd Floor

Size
20,000-40,000 SF
Term
1-5 Years
Rental Rate
$2.75 /SF/YR $0.23 /SF/MO $110,000 /YR $9,167 /MO
Space Use
Industrial
Condition
Full Build-Out
Available
Now

4th Floor

Size
20,000-45,000 SF
Term
1-5 Years
Rental Rate
$1.40 /SF/YR $0.12 /SF/MO $63,000 /YR $5,250 /MO
Space Use
Industrial
Condition
Full Build-Out
Available
Now

5th Floor

Size
10,000-50,000 SF
Term
1-5 Years
Rental Rate
$1.10 /SF/YR $0.09 /SF/MO $55,000 /YR $4,583 /MO
Space Use
Industrial
Condition
Full Build-Out
Available
Now

Basement - Heated

Size 20,000-65,000 SF
Term 1-5 Years
Rental Rate $2.50 /SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

Rental Rate: $2.10 /SF/YR - $2.50 / SF/YR The basement is 65,000 square feet of space that is heated well above freezing, a major saving for anyone that needed space that doesn’t freeze.

  • Lease rate does not include utilities, property expenses or building services
  • Industrial/Warehouse use

Ground - Parking lot

Size 27,608 SF
Term Negotiable
Rental Rate $2.50 /SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

Rental Rate: $1.70 /SF/YR - $2.50 / SF/YR Industrial/Commercial Parking Lot for lease @ 1750 E 43rd St Cleveland, OH

  • Lease rate does not include utilities, property expenses or building services

3rd Floor

Size 20,000-40,000 SF
Term 1-5 Years
Rental Rate $2.75 /SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

Rental Rate: $1.10 /SF/YR - $2.75 / SF/YR Used as warehouse space. 20,000 SF, with room for expansion. Will build to suit.

  • Lease rate does not include utilities, property expenses or building services
  • Central Air Conditioning
  • Fits 100 - 320 People

4th Floor

Size 20,000-45,000 SF
Term 1-5 Years
Rental Rate $1.40 /SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

Rental Rate: $1.10 /SF/YR - $1.40 / SF/YR For Cold Storage

  • Lease rate does not include utilities, property expenses or building services
  • Central Air Conditioning
  • Fits 100 - 320 People

5th Floor

Size 10,000-50,000 SF
Term 1-5 Years
Rental Rate $1.10 /SF/YR
Space Use Industrial
Condition Full Build-Out
Available Now

Rental Rate: $1.10 /SF/YR Flexible lease terms

  • Lease rate does not include utilities, property expenses or building services
  • Central Air Conditioning
  • Private Restrooms
  • Fits 25 - 400 People

Property Overview

4100 Payne Avenue offers the unique opportunity to lease flexible, affordable industrial space in a desirable Central Midtown Cleveland location. This five-story, 579,018-square-foot facility provides cold storage space and full-floor warehouse opportunities, ideal for a wide range of users. Each floor has an open floor plan with room for expansion and build-to-suit opportunities. The property features multiple docks, drive-in doors, dry sprinklers, 10-foot ceilings, and three 6,000-lb freight elevators. Unique to the area, 4100 Payne Avenue offers a spacious 27,450-square-foot gated parking lot for lease with ample room for truck maneuvering. 4100 Payne Avenue offers flexible space and open floor plans suited to overflow warehouse space or cold storage for industrial and commercial products. Tenants seeking long-term storage for slow-turn products such as medical supplies, retail products, office equipment, restaurant equipment, furniture, raw materials, and components for product assembly will find the affordable, versatile building appealing. 4100 Payne does not have a man elevator or handicapped accessibility, and restrooms are located on the first and third floors. Built in 1927, 4100 Payne Avenue was originally the warehouse of a legendary Cleveland retailer. The building was purchased in 1992 by Buschman Corporation to house the company’s manufacturing operations. Buschman is the global leader in custom-designed metering solutions for applying coatings to paper and other surfaces. The world’s largest paper mills and converters trust Buschman metering rods for their exceptional precision. Buschman, the on-site owner-operator of 4100 Payne, has company operations on the first floor. Adjacent to Cleveland State University, Midtown Cleveland is a popular urban neighborhood with superior highway convenience minutes from Downtown Cleveland. Commuters appreciate Midtown’s central location, less than 2 miles from the Cleveland Browns Stadium, the House of Blues, Rocket Mortgage Fieldhouse, Progressive Field, Public Square, and more. 4100 Payne Avenue is minutes from Interstates 71, 77, and 90, along with State Route 176, and a short, 16-minute drive from Cleveland Hopkins International Airport. Join a neighborhood consistently on the rise and growing in popularity, offering a diverse community and an accessible location. Lease rates are based on location within the building and are negotiable: Basement: $2.10 - $2.50 / SF / YR 3rd Floor: $1.10 - $2.75 / SF / YR 4th Floor: $1.10 - $1.40 / SF / YR 5th Floor: $1.10 / SF / YR

Warehouse FACILITY FACTS

Building Size
650,000 SF
Lot Size
7.00 AC
Year Built
1927
Construction
Masonry
Sprinkler System
Dry
Water
City
Sewer
City
Gas
Natural
Power Supply
Phase: 3
Zoning
I

About East Downtown

East Downtown is home to one of the largest concentrations of industrial space in Cleveland at 21 million square feet. Situated east of downtown’s Central Business District, the area includes rapidly developing neighborhoods such as Hough and Fairfax and is anchored by some of Cleveland’s largest employers which include Cleveland Clinic, University Hospitals, and Case Western Reserve University.

East Downtown is easily accessible via major roadways such as State Route 322 and Interstates 90 and 77. The area is also just a short drive to the Port of Cleveland, Burke Lakefront Airport, and a 20-minute drive to the Cleveland Hopkins International Airport. Some of the area’s largest industrial tenants include All-Ohio Threaded Rod Company, Sifco Industries, and Novagard Solutions.

East Downtown’s mid-level rents and accessibility make it an attractive location for industrial tenants, and leasing volume over the past 12 months remains well above the five-year average for the area.

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Columbus
892,533
140
2 h 38 m
Indianapolis
867,125
318
5 h 56 m
Chicago
2,705,994
350
6 h 34 m
Philadelphia
1,584,138
432
8 h 10 m
New York
8,398,748
466
8 h 54 m
Charlotte
872,498
515
9 h 39 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
807,454
Total Labor Force
403,308
Unemployment Rate
5.08%
Median Household Income
$46,910
Warehouse Employees
63,457
High School Education Or Higher
89.10%

Leasing Agent

Leasing Agent

(216) 431-6633
Contact
Ross DeFelice, President/ Director
(216) 431-6633
Contact
President at Buschman Properties Inc. in Cleveland, OH

About the Owner

Read More
  • Listing ID: 13310149

  • Date on Market: 1/2/2024

  • Last Updated:

  • Address: 4100 Payne Ave, Cleveland, OH 44103

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