The Baker Electric Building

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 7.270 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.