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    3507 W 117Th St Cleveland, OH 44111

    For Sale
    $499,000

    SINGLE_FAMILY - Cleveland, OH

    Type:Retail
    Lot size:
    0.27 Acres
    Days on Market:
    169
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 3507 W 117Th St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    018-15-001
    Lot size
    0.27 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1929

    RE/MAX Omega (330) 225-2880 [email protected]

    Listing agent Izzeldin Izheman (440) 318-5675 License #2021001699

    Listing date Jun 30, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleveland Commercial Building Investment Opportunity

    This commercial building, located in Cleveland, Ohio, presents an investment opportunity with a reported 8% cap rate. The property features two fully leased units: a daycare and a tire shop. Situated in a high-visibility location with strong traffic flow, the property is located on a 3507 W 117th Street. The lot size is approximately 0.2684 acres. The property is located in Cuyahoga County. The property is suitable for investors seeking a turnkey asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Graley Tire Tire Shop Promises Childcare Center Day Care Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Westown Square, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.768554
    Latitude
    41.45701

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    FAQs

    What type of property is this?
    Shopping center - Fully leased commercial building with daycare and tire shop tenants.
    Where is this shopping center located?
    The property is located at 3507 W 117Th St Cleveland, OH.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Excellent Investment Opportunity with **8% Cap Rate**; - Two Fully Leased Units (Daycare and Tire Shop) Providing **Stable Rental Income**; - **High-Traffic, High-Visibility Location**
    (440) 318-5675
    Request Owner's contact information
    3507 W 117Th St Cleveland, OH 44111
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    Cleveland, OH 44111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3507 W 117Th St Cleveland, OH 44111
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