988 E 185Th St Cleveland, OH 44119
For Sale
1 / 43
This vacant, three-story office building at 988 East 185th Street in Cleveland, Ohio, presents a compelling owner-user or investment opportunity. The 2,644 square foot building, constructed in 1942, is classified as Class D and sits on a large lot with a paved driveway and an extra-large fenced-in rear parking area accommodating 4 vehicles. Currently configured as office space, it features a full kitchen and bath on the main floor, three main floor offices, four offices on the second floor, and a finished attic offering additional space. Recent improvements include a new roof (installed 10 years ago), new air conditioning (2023), and a new concrete pad in the rear (2023). The building also boasts newer windows throughout. The property is zoned for local retail, expanding its potential uses. Its prime location just off I-90, minutes from Lake Erie Metroparks, University Circle, and downtown Cleveland, ensures high visibility and accessibility. The area benefits from recent city improvements, including new sidewalks, curbs, and street paving (completed November 2023), contributing to increased foot and vehicle traffic. The asking price is $170,000, translating to $64.30 per square foot. This property is ideal for a variety of uses, including but not limited to office, retail, or restaurant establishments. The building is currently vacant, allowing for immediate occupancy and customization to suit the buyer's needs.
-
Airsep Corporation Pharmacy
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LR · Cleveland, OHCleveland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.