5455 N Marginal Rd, Cleveland, OH

Listing agent Shoreway Realty Group

Listing office Shoreway Realty Group Show Phone

Listing date Jan 29, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Shoreway Realty Group

Report an issue

---

Overview

This property features 4.288 acres of land with frontage on Lake Erie in Cleveland, Ohio. The site has been granted a 15-year residential tax abatement by the city of Cleveland, providing 100% abatement for all improvements over the property's tax value upon project construction. Additionally, the project and site have secured a 30-year tax increment financing (TIF), which allows for the abatement of the increase in value over the current tax value for real estate taxes not payable to the Cleveland Municipal School District for 30 years after construction completion. Cleveland Metro Parks is developing a $13 million passive park with walkways, picnic tables, barbecue/grilling areas, park benches, and lakeside viewing areas.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

• Map
• Local Demand

City

Cleveland

County

Cuyahoga

State

Ohio

Longitude

-81.6553

Latitude

41.53

Nearby Similar for Sale

• 

  $2,000,000

  Freestanding Office Building

  All-brick, four-floor building with elevators, loading access, and ample gated parking near major routes and downtown Cleveland.

  3167 Fulton Road, Cleveland, OH 44109

  View Details
• 

  $299,900

  4,000 SF

  Turnkey Retail Building in Cleveland

  Income-producing retail building with barbershop and salon in Old Brooklyn.

  4491-4493 Pearl Road, Cleveland, OH 44109

  View Details
• 

  $800,000

  16,560 SF

  Asian Town Mixed-Use Assemblage

  Two buildings, parking lot, and vacant land in Cleveland.

  3610-3620 Superior Avenue, Cleveland, OH 44114

  View Details
• 

  $395,000

  5,230 SF

  Renovated Three-Unit Multifamily

  Fully renovated three-unit building with occupied units, modern systems, and included adjacent parking lot parcel.

  4438 Pearl Road, Cleveland, OH 44109

  View Details
• 

  $675,000

  4,921 SF

  Remodeled Six-Plex on Dead-End Street

  Six-unit multifamily in a three-level structure with remodeled interiors and coin laundry for added resident convenience.

  1978 E 126th, Cleveland, OH 44106

  View Details
• 

  $475,000

  6,000 SF

  Daycare Facility in Cleveland, OH

  Commercial building with established daycare business for sale.

  620 E 185th Street, Cleveland, OH 44119

  View Details
• 

  $315,000

  Mixed-Use Office and Residential Property

  Two fully renovated buildings offer multi-tenant office space plus a flexible residence-office configuration.

  18515 Underwood Avenue, Cleveland, OH 44119

  View Details
• 

  $425,000

  Turnkey Bar and Restaurant with Banquet Hall

  Turnkey bar and restaurant with a full-service kitchen, private 20-space parking, and a lower-floor banquet hall for events.

  3614 E 65th Street, Cleveland, OH 44105

  View Details
• 

  $275,000

  2,000 SF

  Retail Store with Brick Front

  2,000 SF retail store with modern amenities and parking.

  4873 Broadview Road, Cleveland, OH 44109

  View Details
• 

  $219,900

  2,798 SF

  Turnkey Triplex in South Collinwood

  Turnkey triplex with immediate cash flow and long-term potential.

  1051 E 171st Street, Cleveland, OH 44119

  View Details
• 

  $499,000

  10,000 SF

  Turnkey Entertainment Venue Opportunity

  Over 10,000 sq ft flexible space for nightlife, dining.

  3560 E 93rd Street, Cleveland, OH 44105

  View Details
• 

  $172,000

  2,754 SF

  Turnkey Duplex with Onsite Parking

  Recently renovated, rent-ready duplex with two 4-bedroom units and private driveway parking for tenants.

  11717 Gay Avenue, Cleveland, OH 44105

  View Details

FAQs

What type of property is this?

Land - 4.288 acres of Lake Erie frontage in Cleveland, Ohio.

Where is this land located?

The property is located at 5455 N Marginal Rd Cleveland, OH.

What is the asking price?

The asking price for this property is $5,990,000.

What are key features of this property?

This property features: 4.288 acres of Lake Erie frontage in Cleveland, Ohio.; Benefit from a **15‑year residential tax abatement** (100% abatement for improvements).; **30‑year Tax Increment Financing (TIF)** abates taxes not payable to the Cleveland Municipal School District.