Property profile

2151 Professor Ave Cleveland, OH 44113

OFF-MARKET
Residential income homes
Property ID
US66-2152883
1,792 SF 0.1 ac lot Built 1890
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,276 square foot freestanding retail building is ideally situated in the vibrant Tremont neighborhood of Cleveland, Ohio, at the corner of Professor Avenue and West 10th Street. The property boasts a highly desirable location, offering immediate proximity to a thriving collection of established businesses, including Bar Oni, Martha On The Fly, Barrio, Hi and DRY Bowling & Beer, Dante, Coda, Ginko, Crust, The Treehouse, and many more. This single-tenant storefront is classified as a Class B property and is zoned for General Commercial use, providing versatility for a wide range of retail ventures. A significant advantage is the inclusion of seven dedicated private parking spaces for customers, a rare amenity in this bustling area. The building's convenient location offers easy access to major transportation routes, with Interstate 90 a mere 0.2 miles away, ensuring excellent accessibility for both customers and employees. This presents a unique opportunity to establish a business in a high-traffic, highly visible location within one of Cleveland's most sought-after neighborhoods. The property's size and amenities make it an attractive option for a variety of retail uses. The address is 2151 Professor Ave, Cleveland, OH 44113.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1890
Construction WOOD
Total area 1,792 SF
Lot 0.1 ac (4,191 SF)
Zoning code GR
APN 004-15-042
UPID US66-2152883

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2151 Professor Ave Cleveland, OH 44113-3634
Cleveland metro Census 197800 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GR · Cleveland, OH
Zoning description

Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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