Two-Story Mixed-Use
For Sale
$295,900
5011 Clark Avenue, Cleveland, OH 44102
CommercialSale, Cleveland, OH
Property Size2,668 SF
Lot Size0.11 Acres
Price / SF$110.91
Days on Market47
Property Features for 5011 Clark Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Rooms
Basement
Parking features
On Street
Fencing
Privacy
Subdivision
Clark Fulton
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Property is located at 5011 Clark Avenue near West 50th Street. From I-90, travel south toward Clark Avenue, then proceed to 5011 Clark Avenue. Use GPS for the most direct route.
Standard status
Active
APN
016-11-047
Lot size
0.11 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2023
Tax Description
47 HOYT 0009 ALL
Tax Annual Amount
3821
Legal Description
47 HOYT 0009 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Amenities
private restroom
storage
utilities
baseboard and forced-air heat
wall-unit cooling
public water and sewer
on-street parking
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Roof type
Fiberglass, Asphalt
Buildings
1
Listing Agency:
B2B Realty
(216) 465-4011
Listed By:
Ryan Walsh · License #2023006206
(330) 780-5575
Added: Sep 14
Changed: Oct 28
Last Checked: Oct 30 at 8:06AM
MLS# 5242954
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.
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Investment Insights
Based on property information with market context.
This two-story mixed-use building combines a 984-square-foot retail storefront with two updated two-bedroom apartments totaling 1,684 square feet of residential area. The storefront is occupied by an active business under lease through 09/30/2027. A basement beneath the commercial space provides a private restroom, storage, and utility areas.
Built in 1890, the property sits on 0.1148 acres and contains 2,668 square feet overall. Building systems include baseboard and forced-air heating, wall-unit cooling, public water, and public sewer. On-street parking serves the property, while a privacy fence and fiberglass and asphalt roofing are also included.
Built in 1890, the property sits on 0.1148 acres and contains 2,668 square feet overall. Building systems include baseboard and forced-air heating, wall-unit cooling, public water, and public sewer. On-street parking serves the property, while a privacy fence and fiberglass and asphalt roofing are also included.
Key Highlights
- 984‑square‑foot retail storefront with an active business in occupancy
- Two updated 2‑bedroom apartments totaling 1,684 square feet
- 2,668‑square‑foot, two‑story building on 0.1148 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,633
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,660
$512.7K
Cap Rate 7%
$366,186
$366.2K
Cap Rate 9%
$284,811
$284.8K
Market Conditions
NOI Build-Up for 2,668 SF
Gross rent
$40.0K $15.00/SF
− Vacancy
−$3.4K −$1.28/SF
EGI
$36.6K $13.73/SF
− OpEx
−$11.0K −$4.12/SF
NOI
$25.6K $9.61/SF
Area
Cleveland, OH
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,660
Cap Rate 7%
$366,186
Cap Rate 9%
$284,811
Alternative Uses
Best Use
Apartment 5plus
$422.6K
$369.8K – $493.1K
NOI $29,583 @ 7.0% cap · market cap 10.00%
Second Best
Retail
$366.2K
$320.4K – $427.2K
NOI $25,633 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$651.1K
$569.7K – $759.6K
NOI $45,575 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an occupied retail component and two updated apartments.
Where is this mixed-use property located?
The property is located at 5011 Clark Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $295,900.
What are key features of this property?
This property features: 984‑square‑foot retail storefront with an active business in occupancy; Two updated 2‑bedroom apartments totaling 1,684 square feet; 2,668‑square‑foot, two‑story building on 0.1148 acres
