by Dan Rafter
Colliers International’s Cleveland office is marketing a bit of history.
Colliers is listing the Bradley Building at 1220 W. Sixth St. in Cleveland for $10.775 million. The building is an iconic one in the city, instantly recognizable to residents. But it also represents a milestone for the Midwest: The 128-year-old building was the first mixed-use development built between New York City and Los Angeles.
“This property has incredible recognition in downtown Cleveland,” said Gary Cooper, senior vice president and principal of Colliers International in Cleveland, in a written statement. “Its history and potential for a future investor make it an exciting opportunity.”
Today, the Bradley Building includes multi-family, office and retail suites. It also boasts a prime location in Cleveland’s historic Warehouse District.
Colliers is marketing the property for owner Bradley Associates. The 121,831-square-foot building includes one-, two- and three-bedroom units. It also features 29,000 square feet of office space and 23,000 square feet of retail space.
This is a good time to be listing this building. Downtown Cleveland — as with many downtowns across the Midwest — is hot today, with an increasing number of residents wanting to rent or own in the city’s urban center.
These residents want to walk to public transportation. They want to walk, too, to restaurants, shops and entertainment options. Downtown Cleveland and its surrounding neighborhoods offer all of this today, and there’s plenty of hope that the rejuvenation of downtown will continue.
Thomas Gustafson, senior vice president and principal with Colliers, is marketing the Bradley Building along with Cooper.
“The Bradley Building offers an investor a chance to participate immediately in one of the hottest downtown residential markets in the country,” Gustafson said in a written statement.