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Property profile & analytics
OFF-MARKET Estimated value $7,060,000
Office buildings

120 Public Sq 127 Cleveland, OH 44113-2238

29,601 SF 1.33 ac lot Built 1990
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US66-1485796
Property summary
AI-generated overview

This exceptional Class A commercial property, located at 120 Public Square in downtown Cleveland, Ohio, presents a unique investment opportunity. Comprising two buildings with a combined 64 stories, this expansive complex sits on a 2.14-acre lot (APN: 10107022, 10107001) and is zoned GR-9. Constructed in 1990, the property offers a blend of office and retail space, currently configured for multiple tenants. While the exact number of suites is unavailable, one 44,415 square foot space is currently available. The property boasts impressive amenities including newly renovated public spaces, a dedicated lounge, a bar, meeting rooms, event space, and valet parking. A convenient grab-and-go market adds to the tenant experience. This prime location in Cuyahoga County, Ohio (zip code 44114), offers unparalleled access to the city's vibrant business district. The property's modern design and extensive amenities make it an ideal location for businesses seeking a prestigious and functional workspace. The building's impressive height and location provide tenants with incredible views of the city. This is a rare opportunity to acquire a significant commercial property in a highly desirable location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction STEEL FRAME
Total area 29,601 SF
Lot 1.33 ac (57,777 SF)
Zoning code GR
APN 101-07-022
UPID US66-1485796
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fountain Of Eternal Life Tourist Attraction Sculpture
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.61M
Comparable Approach Comparable
$8.68M
Blend (final) Blend
$7.06M
Owner & transaction history
127 Ps Fee Owner LLC · 9 yrs held
127 Ps Fee Owner LLC
since 2017
2 recorded transactions
2017
$267.5M
2008
Price N/A
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $5.0M +4.3%
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