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11239 Superior Ave
Cleveland, OH 44106
Retail Property For Sale
Executive Summary
**Great mixed-use investment opportunity on Superior Ave! This prominent three-story brick building offers a versatile combination of two street-level retail/commercial spaces and five upper-level apartments, including two 3-bedroom units and three 2-bedroom units. Current projections show potential annual gross income of $74,376, with upside to approximately $95,232 after improvements, supporting projected cash-model ROI of 10.46% to 12.42% and leveraged ROI of 11.69% to 16.67%, based on seller-provided assumptions. The property features classic architectural details, tall ceilings, large windows, neutral interiors with white trim, and decorative fireplace mantels that add character throughout. The commercial spaces offer excellent renovation potential, with exposed brick, original pressed-tin ceilings, and open layouts ideal for a variety of business uses. Bring your vision and unlock the possibilities for income, business, or redevelopment upside. Commercial spaces and basement available for viewing. Buyer to verify all income, expenses, projections, and permitted uses.**
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
10,248 SF
Year Built
1911
Price
$662,672 CAD
Price Per SF
$64.66 CAD
Percent Leased
100%
Building Height
3 Stories
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 109-24-016 | Improvements Assessment | $72,022 CAD |
| Land Assessment | $3,369 CAD | Total Assessment | $75,391 CAD |
Property Taxes
Parcel Number
109-24-016
Land Assessment
$3,369 CAD
Improvements Assessment
$72,022 CAD
Total Assessment
$75,391 CAD
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