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    2181 55Th St Cleveland, OH 44103

    For Sale
    $650,000

    68,703 SF Warehouse, $650K

    Property size:
    68,703 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional redevelopment opportunity presents a substantial 68,703-square-foot warehouse situated on a 1.091-acre lot in Cleveland, Ohio. The property, identified by APN numbers 11817001, 11817002, 11817029, and 11817018, is zoned SI-C2 and offers significant potential for various uses. The three-story concrete structure, built in 1951, is currently in shell condition, providing a blank canvas for adaptive reuse. Key features include a freight elevator and convenient rear access via Longfellow Road. The single-tenant building is classified as Class B industrial and represents a compelling investment at an asking price of $650,000. Its substantial size and prime Cleveland location make it an attractive proposition for developers and investors seeking a high-return project. The property's existing infrastructure, including the concrete structure and freight elevator, provides a solid foundation for a variety of potential projects. The ample lot size offers additional development possibilities. This is a rare chance to acquire a large-scale warehouse in a desirable location with significant upside potential. Serious inquiries are encouraged.

    Property Features for 2181 55Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    68,703 SF
    Class
    B
    Lot Size
    47,524 SF

    Building Details

    Year Built
    1951
    Buildings
    1
    Stories
    3

    HighLights

    • $650,000 asking price.
    • 68,703 square foot industrial warehouse.
    • Class B, single‑tenant property.
    • Built in 1951, three‑story concrete structure.
    • 1.091‑acre lot in Cleveland, OH (44103).
    • SI‑C2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6508935
    Latitude
    41.5002503

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    FAQs

    What type of property is this?
    Distribution property - 68,703 SF Warehouse, $650K
    Where is this distribution property located?
    The property is located at 2181 55Th St Cleveland, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 68,703 square foot industrial warehouse.; Class B, single-tenant property.
    Request Owner's contact information
    2181 55Th St Cleveland, OH 44103
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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
    2181 55Th St Cleveland, OH 44103
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