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The 925 Building - Receiver Sale 925 Euclid Ave 1,450,000 SF 4-Star Office Building Cleveland, OH 44115 For Sale
Investment Highlights
- Located in Cleveland’s Central Business District (CBD) and Opportunity Zone, supporting Transformational Mixed-Use Development (TMUD)
- Certain developer tax credits are currently available along with the redevelopment opportunity
- Grand, historic banking hall - the largest bank lobby in the world
- Rare opportunity to acquire a generational, irreplaceable downtown asset with substantial scale.
- Well-suited for large-scale civic, commercial, or mixed-use uses. One of Cleveland’s most architecturally significant structures.
- Excellent access to public transit, major employment centers, cultural & entertainment destinations.
Executive Summary
Gordon Brothers has been engaged by John K. Lane of Inglewood Associates, LLC, the court-appointed receiver, for the disposition of the property formerly known as “The 925 Building”. A federal court order has appointed and authorized Gordon Brothers to act as the Receiver’s exclusive real estate sales and advisory agent. The receivership arises from a commercial foreclosure action filed by Deutsche Bank against HH Cleveland Huntington, LP.
This is a significant mixed-use redevelopment opportunity set in a historic building with a rich past, offering the flexibility to incorporate a variety of uses such as hotel, dormitory, retail, residential, office, data center, and self-storage users. Located on the signalized corner of East 9th Street and Euclid.
One of the standout features of this opportunity is the availability of developer tax credits, which presents an appealing incentive for buyers. These include:
-Transformational Mixed-Use Development (TMUD) which is an Ohio tax credit designed to support large-scale, "transformational" construction projects that blend residential, commercial, and retail uses
-Historic tax credits (HTCs) provided for historic structures
-Brownfield tax credits which are for the cleanup and redevelopment of contaminated or underutilized industrial/commercial properties providing the developer with tax deductions for remediation costs or credits for site improvements
This is a significant mixed-use redevelopment opportunity set in a historic building with a rich past, offering the flexibility to incorporate a variety of uses such as hotel, dormitory, retail, residential, office, data center, and self-storage users. Located on the signalized corner of East 9th Street and Euclid.
One of the standout features of this opportunity is the availability of developer tax credits, which presents an appealing incentive for buyers. These include:
-Transformational Mixed-Use Development (TMUD) which is an Ohio tax credit designed to support large-scale, "transformational" construction projects that blend residential, commercial, and retail uses
-Historic tax credits (HTCs) provided for historic structures
-Brownfield tax credits which are for the cleanup and redevelopment of contaminated or underutilized industrial/commercial properties providing the developer with tax deductions for remediation costs or credits for site improvements
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Office
Building Size
1,450,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1924/1991
Tenancy
Multiple
Building Height
22 Stories
Typical Floor Size
65,909 SF
Slab To Slab
10’
Building FAR
18.39
Lot Size
1.81 AC
Opportunity Zone
Yes
Zoning
GR
Parking
1,100 Spaces (0.76 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Conferencing Facility
- Property Manager on Site
- Restaurant
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
15,558
77,045
239,490
2025 Population
18,183
79,542
238,427
Population Growth '20-'25
16.9%
3.2%
-0.4%
2020 Households
8,230
36,790
109,700
2025 Households
10,055
38,670
110,130
Household Growth '20-'25
22.2%
5.1%
0.4%
Average Age
34
37
38
Median Household Income
$54,680
$41,134
$40,357
Daytime Employees
70,038
124,388
283,843
Total Businesses
4,484
11,049
24,103
College Degree + Higher
48%
30%
24%
$ values in USD
Property Taxes
| Parcel Number | 101-36-013 | Improvements Assessment | $4,961,960 CAD |
| Land Assessment | $4,729,333 CAD | Total Assessment | $9,691,293 CAD |
Property Taxes
Parcel Number
101-36-013
Land Assessment
$4,729,333 CAD
Improvements Assessment
$4,961,960 CAD
Total Assessment
$9,691,293 CAD
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The 925 Building - Receiver Sale | 925 Euclid Ave
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