801 Literary Rd Cleveland, OH 44113-4438
Property profile & analytics
801 Literary Rd Cleveland, OH 44113-4438
- Warehouses
- 3,900 SF
- 0.05 lot acres
Property ID
US66-0788789
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Caiti Cat Lash / Hair Salon
- Krasa Salon / Hair Salon
Property Details for 801 Literary Rd
- Year built
- 1913
- Construction
- WOOD
- Lot size
- 0.05 lot acres
- Property size
- 3,900 SF
- Zone code
- GR
- Property type
- Warehouses
- APN
- 004-16-071
- APU
- 416071
Description
This exceptional mixed-use property in Cleveland's vibrant Tremont neighborhood presents a compelling investment opportunity. The 3,900 square foot building, constructed in 1913, sits on a 0.05-acre lot (APN 004-16-071) and is zoned for commercial use. Currently generating substantial rental income from a thriving hair salon and a stylishly updated apartment, this property offers significant potential for increased revenue. The ground floor salon features six styling stations, a bathroom, and a kitchen/break area, with potential for conversion into a separate unit. The second floor apartment boasts a modern industrial aesthetic, including a spacious kitchen, living room, laundry room, two bedrooms, and two bathrooms. A luxurious master suite with a heated bathroom floor is located on the third floor, with the possibility of creating a third separate unit by enclosing the soffit. Three balconies offer stunning downtown views. Six parking spaces are included. The salon currently generates $2,892 in monthly rent, and the apartment generates $3,914, both with a 3% annual rent increase. This property is ideal for investors seeking multiple income streams or homeowners looking to offset mortgage costs, capitalizing on Tremont's growing demand for residential and commercial space. The asking price is $1,450,000 ($371.79/sq ft).
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,100,000
- ML approach
- $1,100,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6859
- Latitude
- 41.4819
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,965
$7,630
$132,200
$139,830
-
$21,800
$377,700
$399,500
