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Don't have an account?Estimated Monthly Payment: $2,860.92
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Fantastic Turnkey Property!!! This well cared for mixed use commercial property offers two very nice retail spaces on the street level: a Shoe Repair shop + a fully operating Restaurant! Restaurant space can be used for anything; building will transfer with restaurant portion closing mid summer. The Landmark Restaurant has been a staple for the area for the last 20+ yrs! Buyer can continue this very profitable business OR Use the retail space for another business! Longstanding left retail unit tenant (Shoe Shop) staying! The upper level contains 3 tenant occupied apartments each w/ 2 bedrooms, 1 bull bath, kitchen/living room/dining room + laundry area! Residential units are nicely renovated! Seller retiring! Bonus: Large 2nd parcel to the left of the building-rare for the area-that houses a large asphalt private parking lot for the entire building! 3 separate basements, all spaces are individually metered! Restaurant space offers full operating kitchen/public bathroom/restaurant/diner bar/full office w/ half bathroom/plenty of storage/walk in cooler+freezer + more! Brick Building! Updates include: Full concrete to back side of building, Fully done asphalt parking lot, Parking lot seal coat, Upper level Trexboard deck areas, LVT restaurant flooring, Roof over apartment 3, additional concrete back of bldg/95 ft concrete curb/drywell drainage for parking lot, island topsoil, 2 hot water tanks, Walk-in Cooler + Freezer plus refrigerant/freezer service, ADT alarm system (that stays), 2 newer furnaces, updated restaurant office bathroom/office space and Full renovation to Apartment 3! Tenant and building info in supplements. Apartments and Shoe Shop alone bring in $26,400 rental income/year! Close to shopping, freeway access, seconds from downtown, seconds from Lake Erie access, parks, hospitals and more! Prime Location! This will not last long!
$890,000
Estimated Monthly Payment: $2,860.92 (including taxes & insurance estimates)
Edit mortgage details for a more accurate payment| City: Cleveland | Property Type: Commercial - Retail | |
| Subdivision: Ranney & Herricks Allotment | Lot Size: 0.09 Acres | |
| School District: Cleveland Municipal - 1809 | Taxes: $7,447 | |
| Status: Active | Year Built: 1910 | |
| MLS#: 5207699 |
| Property Type: Commercial - Retail | Parcel#: 104-11-009 | |
| Basement: Full, Partially Finished | Parking: Parking Lot | |
| Basement: Yes | Roof Type: Asbestos Shingle, Tar/Gravel | |
| Cooling: Other | Sewer: Public Sewer | |
| Days on Site: 12 | Taxes: $7,447 | |
| Fencing: Chain Link | Units: 5 | |
| Heating: Forced Air | Water: Public | |
| Lot Size: 0.09 Acres | Year Built: 1910 |
| School District: Cleveland Municipal - 1809 |
Listed By
Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: leilani7b@gmail.com, 440-570-9514
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555
| Fips |
| Fips Code39035 |
| Population |
| 2020 to 2025 Changedown 2.5% |
| 2010 Count1,280,122 |
| 2020 Count1,264,817 |
| 2025 Estimate (V2025)1,232,925 |
| 2020 Estimate (V2025)1,264,775 |
| Age Distribution (Years Old) |
| 0 to 45.2% |
| 5 to 1720.1% |
| 18 to 6454.2% |
| 65 and Older20.5% |
| Gender |
| Male48.0% |
| Female52.0% |
| Place of Birth |
| Foreign7.7% |
| US92.3% |
| Education |
| High School Graduate, Age 25+91.5% |
| Bachelor's Degree or Higher, Age 25+36.5% |
| Computer and Internet use |
| Households with a computer94.0% |
| Households with a broadband Internet subscription89.5% |
| Language |
| English is Second Language, Age 5+12.3% |
| English is First Language, Age 5+87.7% |
| Veterans |
| Veterans54,264 |
| Income |
| Per Capita Income$42,747 |
| Median Household Income$64,468 |
| People in Poverty14.9% |
| Commute |
| Average Work Commute Time24 minutes |
| Housing |
| Total Housing Units615,116 |
| Households554,551 |
| Average Household Size2.20 |
| Owner-Occupied59.4% |
| Multi-Family34.9% |
| Owner-Occupied Median Value$195,400 |
| Median selected monthly owner costs -with a mortgage$1,570 |
| Median selected monthly owner costs -without a mortgage$671 |
| Median gross rent$1,060 |
| Building Permits |
| New Private Housing Issued 20241,685 |
| Years at Residence |
| 1 Year or More86.7% |
| Less Than 1 Year13.3% |
| Business and Employment |
| Private non-farm Establishments31,496 |
| Private non-farm Employment681,543 |
| Private non-farm Employment Growthup 0.7% |
| Nonemployer Establishments110,977 |
| Number of Firms23,160 |
| Business Production |
| Value of Shipments$23,225,392,000 |
| Wholesale Trade$24,854,217,000 |
| Retail Trade$16,920,714,000 |
| Retail Sales Per Capita$11,914 |
| Accommodation and Food Services$3,332,698,000 |
| Land |
| Land Area457.19 sq. miles |
| Population Per Square Mile2,800 |