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Mixed-Use Building with Retail
For Sale
$875,000

4316 Pearl Road, Cleveland, OH 44109

CommercialSale, Cleveland, OH

Property SizeContact for details
Lot Size0.22 Acres
Days on Market72

Property Features for 4316 Pearl Road

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Subdivision Brooklyn Realty Cos Sub
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Off of Pearl Rd. at corner of Pearls and Spokane S / W corner
Standard status Active
APN 014-15-076
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 58 BRKRCO S/L 71 ALL 0070 ALL
Tax Annual Amount 22446
Legal Description 58 BRKRCO S/L 71 ALL 0070 ALL

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Amenities

balconies
porches

Building Details

Year built 1912
Floors in Building 2
Number of units 16
Roof type Flat, Asphalt
Listing Agency: Keller Williams Citywide · Keller Williams Realty
Listed By: James P Matheos · License #2015001911
Added: Jun 12 Changed: Aug 19 Last Checked: Aug 22 at 6:06AM
MLS# 5215134

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1912, this all-brick mixed-use property contains 16 units, including 12 apartments and four retail shops. The residential component includes one studio, three one-bedroom units, six two-bedroom units, and two three-bedroom units. The retail spaces occupy the street level and include basement access. Several apartments have received flooring, kitchen, and bathroom improvements, while four second-floor units feature small balconies. Each unit has an individual forced-air natural gas furnace, with separate electric and gas meters.

The property is located on Pearl Road in Cleveland’s Old Brooklyn area, north of I-480 and near MetroHealth. Cleveland’s downtown is also nearby. Public water and sewer serve the property, and parking is available on the street. The flat asphalt roof was resurfaced in 2026, and several furnaces have been replaced or added within the past five years.

Key Highlights

  • 16‑unit mixed‑use property with 12 apartments and 4 retail shops
  • Residential mix includes 1 studio, 3 one‑bedroom, 6 two‑bedroom, and 2 three‑bedroom units
  • All‑brick building constructed in 1912 on 0.2204 acres

Property Analytics

Current Use

Miscreant and the Muse (Bike/Boat/Book/etc) Store Recording Studio Recording Studio Dee Lashaye Entertainment Business Service Center

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Accounting Firm Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

789
Businesses Nearby

Demographics for 44109, OH

39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick property combines apartment residences with street-level commercial suites and separate utility metering.
Where is this mixed-use property located?
The property is located at 4316 Pearl Road Cleveland, OH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 16‑unit mixed‑use property with 12 apartments and 4 retail shops; Residential mix includes 1 studio, 3 one‑bedroom, 6 two‑bedroom, and 2 three‑bedroom units; All‑brick building constructed in 1912 on 0.2204 acres
More about this property
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