Cleveland Office Building For
988 E 185th Street, Cleveland, OH 44119
COMMERCIAL - Cleveland, OH
Property size:
2,644 SFLot size:
0.14 AcresPrice / SF:
$52/SF- Added:
- Nov 5, 2024
- Days on Market:
- 560
- Last Refresh:
- May 19 at 9:06 am
Property Features for 988 E 185th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot, Driveway
- Standard status
- Active
- APN
- 113-08-020
- Size
- 2,644 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- 15
- Tax Annual Amount
- 2647
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1942
- Roof type
- Asphalt, Fiberglass
Listing agent Tom Partin License #2013001969 (440) 829-4541
Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH (866) 212-4991
Listing date Nov 5, 2024
MLS# 5083075
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.
HighLights
- High Cash‑Flow Potential: Estimated gross rental income of $30,000-$38,400+ annually, translating to a projected 14.0% to 17.9% Cap Rate.
- Subdividable: 4 separate entrances allow for easy conversion into multi‑tenant office suites.
- Large Usable Space: Over 2,600 total usable SQFT (1,708 above ground, 936 below grade).
- Recent Upgrades: Features a new AC (2023), newer windows, roof (2014), and newer concrete pad.
- Ample Parking: Fully fenced lot with paved drive and parking for 10‑12 vehicles.
- Prime Location: Located on the heavily traveled Cleveland corridor, next to Fifth Third Bank, with immediate access to major highways.
Overview
This meticulously maintained, three-story office building is located on a heavily traveled corridor in Cleveland. The property features 1,708 square feet above ground, with an additional 936 square feet below grade, totaling over 2,600 usable square feet. Zoned for office use, this property is suitable for investors or owner-users. Currently owner-occupied as a law office, the building offers cash-flow potential for investors. It has four separate entrances, allowing for subdivision into multi-tenant office suites. Area market rents suggest a gross rental potential of $2,500 to $3,200+ per month, or $30,000 to $38,400+ annually. The interior includes a welcoming lobby, a private main-floor office, and a full kitchen/cafeteria. The second floor provides four private offices and a full bath, while the third level features a large private executive suite with tandem access. Hardwood floors are preserved under the carpet. The partially finished lower level includes a half bath, mechanicals, storage capacity, and a dedicated walk-up exit to the rear lot. Recent upgrades include a new AC (2023), newer windows, a roof (2014), and a newer concrete pad. The site has benefited from a recent city street beautification project with new sidewalks, curbs, and street paving. The exterior features a fully fenced lot with a paved drive and parking for 10-12 vehicles, backing up to woods. Located next to Fifth Third Bank, it provides access to major highways. The lot size is 0.1377 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Airsep Corporation
Pharmacy
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.550232
- Latitude
- 41.580599
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Three-story office building with cash-flow potential for investors.
Where is this office building located?
The property is located at 988 E 185th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: High Cash‑Flow Potential: Estimated gross rental income of $30,000-$38,400+ annually, translating to a projected 14.0% to 17.9% Cap Rate.; Subdividable: 4 separate entrances allow for easy conversion into multi‑tenant office suites.; Large Usable Space: Over 2,600 total usable SQFT (1,708 above ground, 936 below grade).
