1873 55th St, Cleveland, OH 44103-3641
- Office buildings
- 5,662 SF
- 1.91 lot acres
Current Use by Public Records
- Garda Architectural Fabrication / Metal Fabrication Plant / Factory
- Tomco Metal Fabricating Co / Metal Fabrication Plant / Factory
- Heuristic Hub THE Community Urban Re-Development Advocacy Network co. / Coworking & Hybrid Office
Property Details for 1873 55th St
- Year built
- 1910
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.91 lot acres
- Zone code
- GR
- Property type
- Office buildings
- APN
- 118-01-005
- APU
- 11801005
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 9, 2025 | $400,000 | Iron Flats Construction LLC | Robert W Robinson | Deed | $380k · Superbowl Browns LLC |
| Jun 20, 2023 | $300,000 | Superbowl Browns LLC | Wbl Spo II LLC | Limited Warranty Deed | — |
| May 23, 2023 | $274,100 | Wbl Spo II LLC | Ltf 55 Properties Ltd | Sheriffs Deed · related | — |
| Mar 30, 2018 | — | Ltf 55 Properties Ltd | — | Deed · related | $351k · Team One Manufacturing Co INC |
| Feb 16, 2018 | — | Ltf 55 Properties Ltd | — | Deed · related | $199k · World Busn Lenders |
| Jul 19, 2002 | — | Ltf 55 Properties Ltd | — | Deed Of Trust · related | $325k · Firstmerit Bank NA |
| Jul 16, 1999 | $325,000 | Ltf 55 Properties Ltd | Tombazzi,ivo & Veronica | Grant Deed | $325k · Individual |
| — | — | Tomco Metal Fabricating INC | — | Deed Of Trust · related | $450k · Firstmerit Bank NA |
| — | — | Ltf 55 Properties Ltd | — | Deed Of Trust · related | $125k · Woodbridge Mtg Inv Fund 1 LLC |
| — | — | Ltf 55 Properties Ltd | — | Deed Of Trust · related | $75k · Firstmerit Bk |
| — | — | Ltf 55 Properties Ltd | — | Deed Of Trust · related | $325k · Firstmerit Bank NA |
| — | — | Lft 55 Properties Ltd | — | Deed Of Trust · related | $450k · Firstmerit Bank NA |
| — | — | Ltf 55 Properties Ltd | — | Deed Of Trust · related | $199k · World Busn Lenders |
| — | — | Ltf 55 Properties Ltd | — | Deed Of Trust · related | $351k · Team One Manufacturing Co INC |
Description
This exceptional investment opportunity presents a 38,000-square-foot warehouse situated on a two-acre lot in Cleveland, Ohio. Located at 1873 East 55th Street, this property boasts a prime location on a signalized corner with Hough Avenue, within the bustling East 55th Corridor, experiencing a high daily vehicle count of 27,000. The building is currently 100% occupied by a single tenant under a triple-net lease (NNN), operating successfully for over 42 years, with a potential for a lease-back arrangement. The property features one dock-high door and is zoned for light industrial use (SI), allowing for diverse operational possibilities. Its strategic location offers convenient access to public transportation, being situated on an RTA transit line and just six minutes from the Amtrak train station. The asking price is $495,000, representing a compelling 14% capitalization rate. This property presents a rare chance to acquire a well-established, income-generating asset in a thriving Midtown tech corridor. The building is part of a neighborhood extending from the Innerbelt trench to E 79th Street, and from Cedar Avenue to Payne Avenue. Available February 2024.
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Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.651
- Latitude
- 41.508
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
