Ironton Specialty for Sale - Lawrence County

At the heart of Ironton’s historic downtown, The Factory at 222 S 3rd Street offers an unparalleled opportunity to acquire a redevelopment asset poised to anchor the city’s revitalization. Blending two iconic buildings, the Brumberg (1906) and the Berg (1867), this property combines rich history with modern potential. Encompassing both 220 S 3rd Street, a five-story structure, and 215 S 2nd Street, a three-story building, the asset provides two levels of shell space primed for adaptive reuse. With recent capital investments totaling more than $1.1 million, including a new roof, restored period-appropriate windows and storefront doors, and a modern elevator, this property stands ready to be reimagined into a dynamic hub for retail, dining, creative offices, and residential living. Zoned B3, the site supports a wide variety of uses, offering unmatched flexibility. The Factory’s design potential is enhanced by unique features that set it apart as a cornerstone development. The interconnected buildings allow for contiguous space across the second and third floors, ideal for larger commercial tenants or residential layouts. The 2nd Street building enjoys unobstructed river views, providing an attractive amenity for residents or hospitality concepts. A planned adjacent two-story parking garage will include a public-use level and an upper level dedicated to the asset, in addition to allotted public surface parking next to the site. These investments, combined with eligibility for local government tax incentives, position The Factory as a transformative asset capable of meeting Ironton’s growing demand for modern mixed-use environments. Situated amid Ironton’s economic resurgence, The Factory benefits from significant regional development and infrastructure upgrades. The city has prioritized revitalization, with grants supporting roads, water, and storm line improvements. Major employers, including Swift Manufacturing, Green EnviroTech Holdings, and PureCycle Technologies, are creating new jobs in and around the community, while a new inpatient rehabilitation hospital adds to the healthcare sector’s growth. Together, these industries are drawing new residents and professionals, creating heightened demand for retail, dining, housing, and services in the city center. Downtown Ironton is positioned to become a thriving commercial and cultural destination, with The Factory at its core. The property’s historic architecture, extensive improvements, and flexible zoning provide a rare opportunity to shape the future of Lawrence County’s urban hub. As a redevelopment project, it not only preserves the city’s rich heritage but also creates a platform for modern business and residential life to flourish.

Date on Market:

2024-03-28

Cleveland Office for Sale - Northeast

Rock Management is pleased to present a strong investment opportunity to acquire a 74% leased office building with immense upside through a strategic lease-up in the sprawling Cleveland metro along Lake Erie. 25701 N Lakeland Boulevard was constructed in 1965 on a spacious 2.70-acre lot zoned U8. The building totals approximately 43,812 square feet across four floors. The property's acreage permits for an impressive 6:10 parking ratio with approximately 250 surface-level parking spaces. The building is equipped with air conditioning, central heating, a security system, soundproof walls, two elevators, a kitchen, and much more. This asset has excellent cash flow and value-add potential through the lease-up of vacant space. A new owner could be an investor looking to fill the vacant space with a new tenant, but this is also a prime owner/user opportunity with optionality. The current tenant mix comprises office and mixed-use offices. The property has seen numerous improvements in recent years, including resealing and re-striping the entire parking lot, new roofing, and an extensive office renovation and build-out. The property has a prime location with fantastic Interstate 90 exposure and immediate freeway access, as well as close proximity to Downtown Cleveland and the Cleveland Hopkins International Airport. With convenient access to the property, commuters can easily reach 25701 N Lakeland Boulevard from a wide geographic area, including Cleveland, University Heights, Highland Heights, Mayfield Heights, Willoughby, and others. The nearby area is mostly industrial, with an Amazon fulfillment center just a couple of blocks away. Some of the nearby retailers include Atlas Cinemas, Chase Bank, CVS Pharmacy, KFC, Pizza Hut, Popeyes, SIMS Buick, Simon's Supermarket, Walgreens Whistle Stop Tavern, and more.

Property Subtype:

Medical

Date on Market:

2022-03-23

Portfolio of properties for Sale - East

The Dunlap Portfolio offers the unique opportunity to acquire four exceptional commercial properties throughout the Ohio region. This dynamic portfolio comprises nearly 500,000 square feet across one office building, one mixed-use multifamily/office/retail complex, and two retail buildings. Each property can be purchased separately. 7012 Euclid Avenue is a fully-renovated office building containing 165,965 square feet in Cleveland, Ohio. The building was originally constructed in 1917 and then completely renovated in 2017. In addition, there is a newly constructed 650-space multi-level parking garage on-site. 7012 Euclid Avenue comprises four floors of flexible office space suitable for retail, office, research, medical, lab, or tech users, a conference room, and a fitness center with showers. The property also features dual feed power from separate stations, back-up generators, and brilliant Cleveland skyline views. The building and parking garage have long-term coterminous leases in place to Dealer Tire as of the effective appraisal date. The site area is 5.24 acres or 228,321 square feet. 9% Exit Cap Rate. 8003-8023 Crile Road is an existing Discount Drug Mart anchored multi-tenant retail shopping center property containing 57,257 square feet of gross leasable area in Concord, Ohio. The property consists of 28,000 square feet of anchor space, 9,002 square feet of inline retail space, and 20,255 square feet of office/warehouse space at the rear of the facility. Improvements were originally constructed in 1971, with expanded and complete renovations in 2018. 8003-8023 Crile Road is well located along State Route 44, a main area thoroughfare and retail corridor, just minutes from Interstate 90. As of the effective appraisal date, the property is 76% leased. The site area is 9.48 acres or 413,005 square feet. 9% Exit Cap Rate. 210 S Depeyster Street is a four-building, mixed-use complex containing a total of 84 apartment units and a combined total of 116,241 square feet of retail and office space in the heart of Kent, Ohio's vibrant college town. Improvements were made in 2016. 210 S Depeyster Street is conveniently located less than a five-minute walk to Kent State University campus and several neighborhood amenities. The apartments are 100% leased, and the retail space is 92% leased. The site area is 2.00 acres or 87,164 square feet. 8.25% Exit Cap Rate. 8001-8173 E Broad Street is a bustling community shopping center comprising 204,466 square feet of retail space in a growing commercial corridor in a suburb of Columbus, Ohio. Construction of the improvements began in 2016 and finished in mid-2017. The property is home to several national retailers, including TJ Maxx, Hobby Lobby, Maurices, Shoe Dept. Encore, Half Price Books, PetSmart, Dollar Tree, and more. 8001-8173 E Broad Street boasts high traffic counts and prime signage opportunities. As of the effective appraisal date, the property is 90% leased. The site area is 24.94 acres. 9% Exit Cap Rate.

Property Subtype:

Mixed Types

Date on Market:

2024-12-26

Columbus Industrial for Sale - West

Unleash the potential of Industrial/Manufacturing operations with this impressive property in Columbus, OH. Boasting a 14,020 SF building constructed in 1918, this versatile space offers a prime opportunity for investment. Zoned M, the property features modern amenities including a recent HVAC system and updated roofs. It is equipped with three-phase power throughout, a 16’ clear warehouse height (tapering to 11.5’), and a convenient cement block walk-in parking lot. With the added advantage of three 12’ drive-in doors providing access onto both Town St and Glenwood Ave, this property is positioned as an ideal choice for Industrial/Manufacturing ventures seeking a solid foundation for growth and success.

Date on Market:

2026-01-25

Whitehall Retail for Sale - East

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located within the Columbus MSA at 4595 E Main Street in Whitehall, Ohio 43213 (the “Property”). Formerly occupied by Wendy’s, the Property is offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a flexible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE! Constructed in 1983, the Property consists of a ±2,613 SF single-story building situated on a ±0.5765-acre parcel (±25,112 SF) and features a concrete surface parking lot with 32 on-site parking spaces. The site is positioned at the signalized southeast corner of E Main Street and S Hamilton Road and offers three points of ingress and egress, with ±132 feet of frontage along E Main Street, a primary area thoroughfare carrying over 19k vehicles per day (VPD), and ±150 feet of frontage along S Hamilton Road (±22,398 VPD). The Property’s location along a highly trafficked, daily-needs retail corridor provides excellent visibility, strong traffic exposure, and convenient access throughout the greater Columbus metropolitan area. Previously leased to Wendy’s on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates from $16-20 per SF NNN. Zoned CCD (Community Crossroads District), the Property can accommodate a wide range of retail, service, and community-oriented uses, further enhancing its flexibility, re-tenanting potential, and long-term investment appeal. The Property is located in Whitehall, within the Columbus MSA, just ±15-min from Downtown Columbus and ±10-min from John Glenn Columbus International Airport (CMH). The site benefits from strong regional connectivity via I-270 (±24,028 VPD), I-70 (±86,672 VPD), and US-40 (E Main Street), which link Whitehall to Columbus’s core employment districts and provide efficient access throughout the metropolitan area and broader Central Ohio region. E Main Street functions as a primary east–west arterial corridor, supporting steady daily commuter traffic and providing direct access to surrounding residential neighborhoods, retail corridors, and employment centers. The former Wendy’s occupies a highly visible infill location adjacent to Walgreens that serves both neighborhood residents and daily commuter traffic within an established corridor complemented by dense residential development, with nearly 20,000 residents within the immediate ±1-mi area. The area is supported by a concentration of retailers including Kroger, Roses, CVS, Concerta, and a variety of QSR users such as Church’s Chicken, Del Taco, and Long John Silver’s, driving consistent cross-traffic. The Property benefits from proximity to major employment anchors throughout East Columbus and Whitehall, including logistics, manufacturing, healthcare, and government users, as well as the broader Columbus employment base that contributes to consistent daytime population and consumer activity. The Property serves a robust residential base within Whitehall and East Columbus, supported by established neighborhoods and stable household demand, with over 110,000 residents within a ±3-mi radius and ±261,941 residents within a ±5-mi radius, featuring an average household income (AHHI) above $85,000. Whitehall’s proximity to Downtown Columbus, CMH Airport, and the region’s primary transportation corridors reinforces the Property’s long-term viability as a neighborhood-serving retail location with solid fundamentals.

Property Subtype:

Fast Food

Date on Market:

2026-01-24

Springfield Retail for Sale - Northeast Dayton

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 801 Selma Road, Springfield, Clark County, Ohio 45505 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE! Built in 2012, the Property consists of a ±8,000-square-foot, single-story free-standing retail building situated on ±57,921 square feet (±1.33 acres) with an asphalt surface parking lot with 43 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned with frontage along Selma Road which sees approximately ±6,026 vehicles per day (VPD) and frontage along East Street (±3,156 VPD), ensuring visibility and accessibility. The Property was formerly occupied by Family Dollar on a NNN lease, offering potential owner/users or investors significant value-add opportunities through lease-up at long-term market rates (CoStar estimated asking rent of $13-$16/SF NNN retail). Zoned CN-1, Neighborhood Commercial District, the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike. Springfield, Ohio is a regional commercial and industrial center located along Interstate?70 between Dayton and Columbus, offering strong east-west connectivity and access to major Midwest markets. The local economy is anchored by advanced manufacturing, logistics, and healthcare, with key employers like Honda’s engine plant and Springfield Regional Medical Center supporting stable workforce demand and industrial activity. The site is strategically located along Selma Road and approximately 1.8-miles north of I-70 ensuring strong visibility and accessibility for both local residents and regional traffic. The surrounding 3-mile trade area is home to ±59,585 residents with an average household income (AHHI) of ±$59,719, while the 5-mile trade area expands to ±79,951 residents with an AHHI of ±$64,886 - providing a robust consumer base to support retail, restaurant, and service-oriented operations.

Property Subtype:

Freestanding

Date on Market:

2026-01-24

New Paris Retail for Sale - Preble County

What a wonderful opportunity to own your own business. Well established restaurant with liquor licenses included. Welcome to TJ'S Steakhouse and Tavern in New Paris, Ohio. This business is about as turn-key as you can find. Currently open and operating with a very loyal following. The restaurant can seat up to 82 customers at a time and has repeatedly filled then all at the same time. Did you see the kitchen? There is so much room to keep all of your food and supplies and functions very well. TJ'S currently serves steaks, including prime rib, burgers, chicken, fish, and pasta. The restaurant is located close to the Ohio/Indiana state line and the owners have met many people from Preble, Darke and Wayne counties. Did we mention the liquor licenses, we have a D1, D2, D3 and D6, which allows us to have carry out beer and wine as well as Sunday liquor sales. We also have Ohio lottery and pull tabs. We have a back up generator and paved parking lot.

Property Subtype:

Bar

Date on Market:

2025-11-12

Westlake Office for Sale - West

Asking Price: $4,375,000 ($68.21 SF) Total Building SF: 64,135 SF | Lot Size: 3.04 Acres Price Per SF: $68.21/SF New Owner can Occupy up to Approximately 51,525 SF for their Business or Partially Occupy the Building and Lease the Remaining Space to New Tenants Rear Building Consists of 12,610 SF Occupied by Ombudsman Educational Services until July 31st 2030. Income Can Help Offset a Mortgage! Minutes Away from Crocker Park and I-90, Offering a Variety of Dining, Shopping, and Entertainment Options Ideal Buyers Include: Professional Offices, Medical Services, Educational Centers, Service-Based Businesses & Tech Startups Building Improvements Include New Roof on Rear Building, Updated Parking Lot & Exterior Facelift Year Built: 1976 2025 Annual Real Estate Taxes: $32,670.66

Date on Market:

2026-01-19

Dover Retail for Sale

First time offered...Tornabene's Drive Thru...family owned for 60+ years. 4,896 square foot commercial building set up for 2 businesses, a drive through beverage shop and restaurant. Excellent Dover location on the corner of Crater & 7th Street, just a stones throw from Crater Stadium. Thriving drive thru business with additional income from restaurant space which is currently on a 5 year lease. Paved parking lot with additional gravel lot provides abundant parking for both businesses. Nearly 1 acre of land with 32 X 40 garage for additional storage. Includes drive thru business with liquor license.

Property Subtype:

Restaurant

Date on Market:

2026-01-13

Fairlawn Office for Sale - Akron

Professional class A office/medical condo located in a well-maintained Fairlawn complex. Ground-level unit offers excellent accessibility and a functional layout suitable for medical, dental, therapy, or general professional office use. The property features ample parking, attractive common areas, and a professionally managed association. As you walk in the front door is an amazing reception area with a waterfall on wall. Pristine bathrooms on all levels, easily accessible through the elevator or stairway. Underground parking for steady year-round safety and parking for unit owners. Conveniently situated near I-77, Route 18, and I-71, with quick connections to Akron, Cleveland and Canton. Surrounded by professional offices, retail, dining, and lodging in the Fairlawn/Montrose area. Ideal for owner-user or investor.

Property Subtype:

Medical

Date on Market:

2026-01-09

Antwerp Retail for Sale

The Klink Group of Marcus & Millichap is pleased to present for sale the Family Dollar in Antwerp, Ohio. The subject property offers investors a stable, long-term net-leased retail opportunity backed by a nationally recognized discount retailer. The property has approximately ±8 years remaining on the original 10-year base term and operates under a double-net (NN) lease, providing minimal landlord responsibilities (roof, structure and parking lot replacement) and has a 20-year roof warranty. The lease features four (4) additional 5-year renewal options, each containing rental increases, allowing for built-in income growth. This offering is well-suited for passive investors seeking durable income, limited management obligations, and long-term residual value.

Property Subtype:

Storefront

Date on Market:

2026-01-08

Cincinnati Retail for Sale - Clifton/Midtown

Property Subtype:

Storefront

Date on Market:

2026-01-05

Medina Retail for Sale - Medina County

Absolutely prime location – over 13,100 vehicles per day use the stop sign directly adjacent to the entrance! As a result, store traffic and sales are historically excellent! Built to suit for Dollar General Corp, a US Fortune 500 Company in 2005, this location has consistently reported stronger-than-average annual sales compared to other stores nationwide. Current lease term is 5 years beginning in November 2025, with 4 renewal options for 5 years each remaining. Tenant pays: insurance, taxes, internal maintenance, HVAC maintenance and minor repairs. Tenant provides $357/mo. for parking lot maintenance. Actual cost is about $2,000/yr. – so the balance pays all other maintenance and adds about $500-$800/yr. to profit. Landlord responsible for: Structure, Parking Lot & major HVAC repairs, maintaining property and liability insurance.

Property Subtype:

Freestanding

Date on Market:

2025-12-29

Pataskala Specialty for Sale - Licking County

THE PERFECT TURN-KEY BUSINESS OPPORTUNITY

Property Subtype:

Car Wash

Date on Market:

2025-12-22

Columbus Office for Sale - Worthington

Unit 100 only +Surgical Suite Available +4,089 SF available now on the 1st Floor +$16.00/PSF NNN +$875,000 +Operating Expenses are estimated at $6.00 PSF +6 patient rooms including 2 large procedure rooms and 4 exam rooms +Large lobby with abundant natural light +Kitchen & break room +3 private offices +3 restrooms +Private parking lot with ample parking +Monument signage available

Property Subtype:

Medical

Date on Market:

2025-12-19

Columbus Retail for Sale - Westerville

OHIO BROKER OF RECORD .... MICHAEL HALONEN ... Edge Real Estate Group ... OH BRKP. 2008000166 Faris Lee Investments proudly presents a premier investment opportunity secured by a nationally recognized, investment-grade tenant—Bank of America (NYSE: BAC). With confirmed branch deposits exceeding $6.9 billion per FDIC.gov, this location represents a mission-critical branch within the Bank of America network and underscores the institution’s long-term commitment to the site. Bank of America is the second-largest banking institution in the United States, serving more than 69 million consumer and small business clients, maintaining an A+/Stable S&P credit rating, and carrying a market capitalization of approximately $388 billion (December 2025). The asset is secured by a long-term NNN ground lease, offering investors a passive, predictable, and management-free income stream. Under this structure, Bank of America is responsible for all building and site obligations—including the roof, HVAC, structure, parking lot, and landscaping—resulting in zero landlord responsibilities. The tenant has operated at this location since 2019, and the lease includes scheduled rent increases every five years, providing inflation protection, enhanced cash flow, and long-term value appreciation. Founded in 1904, Bank of America has grown into a global financial leader operating in more than 35 countries. The company pioneered industry milestones—including the creation of the first bank credit card in 1958 and the first coast-to-coast banking network in 1991. They expanded through transformational acquisitions such as Security Pacific, NationsBank, Fleet Boston, U.S. Trust, and Merrill Lynch. Today, more than 10% of all American bank deposits are held with Bank of America, reinforcing the tenant’s financial strength, scale, and essential role in the national banking system. Strategically positioned along the high-traffic Morse Road corridor, the property benefits from over 30,200 vehicles per day and immediate proximity to Interstate 71. The surrounding retail environment features major national brands such as Kroger, Menards, ALDI, McDonald’s, Chipotle, Taco Bell, and Wendy’s. The broader Columbus trade area—Ohio’s capital and largest city—offers a diverse economy in tech, logistics, and e-commerce. Also, home to The Ohio State University with more than 67,000 students, and is strategically located at the intersection of two (2) main US Interstates – I-70 & I-71. Ideally positioned within a strong demographic hub, the location draws from a population of over 348,000 within five miles, supported by an affluent three mile average household income of over $84,000.

Property Subtype:

Bank

Date on Market:

2025-12-18

Centerville Office for Sale - South Dayton

Franklin Woods is a well-established, professionally managed office park known for strong curb appeal, high occupancy, and long-term stability—an ideal setting for professional service firms seeking a polished and professional office environment. The property offers easy connectivity to Interstate 675 and the greater South Dayton market, while also benefiting from close proximity to Centerville’s new Uptown District, featuring an expanding mix of restaurants, entertainment, and locally owned businesses.

Property Subtype:

Medical

Date on Market:

2025-12-17

Loveland Retail for Sale - Mason/Montgomery

OHIO BROKER OF RECORD... MICHAEL HALONEN ... Edge Real Estate Group ... OH BRKP. 2008000166 Faris Lee Investments proudly presents a premier investment opportunity secured by a single-tenant NNN ground lease with Bank of America, located along the high-traffic retail corridor of Montgomery Road in Loveland, OH. This Bank of America branch serves as a critical strategic asset, identified as the bank’s sole physical presence within Warren County. This unique positioning makes the site an indispensable geographic linchpin for the bank’s federal Community Reinvestment Act (CRA) compliance, safeguarding the location against closure and ensuring long-term tenancy. Situated in a robust commercial hub with over 28,900 vehicles per day, the asset benefits from excellent visibility and high-profile neighboring co-tenancy including Costco, Target, and The Home Depot. Bank of America, a Fortune 500 company and an investment-grade credit tenant with an A+ S&P rating, offers exceptional stability for investors. As the second-largest financial institution in the U.S., Bank of America serves over 69 million customers worldwide, operating approximately 3,700 retail centers and more than 15,000 ATMs. The tenant has been successfully operating at this location since 2019, servicing a highly affluent client base with average household incomes exceeding $165,000. The absolute NNN ground lease structure creates a true passive investment; Bank of America is responsible for all property expenses, including roof, structure, parking lot, CAM, property taxes, and insurance, resulting in zero landlord responsibilities. The lease offers attractive, guaranteed revenue growth that acts as a hedge against inflation. The agreement features a scheduled fixed rental increase of 8% occurring in January 2029. Additionally, the lease structure includes 8 (5-year) renewal options, each featuring a 10% rent increase. These contractual escalations provide investors with a secure, rising yield over the holding period, enhancing the overall return on investment. Set on a 1.23-acre parcel, the property is intrinsically valuable due to its location within the heart of a premier Cincinnati suburb. The branch serves a dense and wealthy trade area, boasting a population of over 132,700 residents within 5 miles. This exceptional demographic profile supports a robust wealth management business model, ensuring strong demand for financial services and complementing the branch’s deposit base of $36.2M. With over 120 years of history and industry leadership, Bank of America remains the gold standard in American banking. This high-quality, ground-leased asset offers investors stable returns, income growth potential, and the security of a globally recognized tenant in a highly desirable Cincinnati location.

Property Subtype:

Bank

Date on Market:

2025-12-10

Toledo Retail for Sale - South/Southwest

SRS National Net Lease Group, LP is pleased to present the opportunity to acquire the fee simple interest in a NNN-leased Goodwill retail property located in Toledo, Ohio. The tenant, Goodwill Industries of Northwest Ohio, Inc., recently executed a brand new 12-year lease with two (2) additional five-year renewal options, demonstrating long-term commitment to the site. The lease features a scheduled $1 PSF rent increase during the primary term and CPI-based increases at the start of each option period, supporting long-term NOI growth and providing an inflation hedge. This is a relocation store for Goodwill with a proven track record of strong performance in the market. As further evidence of their commitment, the tenant recently completed approximately $250,000 in site improvements, including repaving and restriping the parking lot. The lease is structured as NNN with minimal landlord responsibilities and signed by a corporate entity, an ideal, low-touch investment opportunity for passive or out-of-state investors.

Property Subtype:

Freestanding

Date on Market:

2025-12-03

Lisbon Retail for Sale

For Sale/Lease: Well known Lisbon landmark along SR 154, formerly Elkton's Pub The structure has been modernized while preserving the rustic character Large dining area, dual bars, and plenty of space to entertain The property has an outdoor dining area, stage, picnic seating, and a new parking lot - ideal for a restaurant, winery, or a wedding venue Plenty of outdoor space for live music and gatherings. Zoning allows for restaurant, winery, brewery, or creative event space The commercial kitchen is fully equipped and all FF&E is included D5 and D6 Liquor License available

Property Subtype:

Restaurant

Date on Market:

2025-12-02

Moraine Land for Sale - South Central Dayton

Zoned as M-2 which allows pretty much any industrial use, trucking facility, trucking/RV/auto repair.

Property Subtype:

Commercial

Date on Market:

2025-11-28

Cleveland Multifamily for Sale - Southwest

Green Bridge Real Estate is pleased to present the Recently Renovated and Stabilized, 17 Unit LaVerne Apartments located at 9605 Lorain Road in Cleveland’s West Boulevard Neighborhood, Cleveland, OH 44102 offered For Sale: $1,199,000 ($70,529 per unit). The LaVerne Apartments consists of 6 Two Bedroom, One Bathroom Suites, 9 One Bedroom, One Bathroom Suites and 2 Street Retail Units on .292 Acres. The three story, all brick, approx. 15,571 Sq.Ft. Mixed Use property was built in 1910. Currently 88% Occupied (15/17). The majority of units recently Fully Renovated in 2023 from stud condition with New framing; New Sub-Flooring; New Kitchens, New Bathrooms, New Flooring; New Roof in June 2021, & Security System with cameras. New Boiler (Steam) and Supply Lines installed in 2014 and refreshed in 2024; Newer Double Pane Vinyl Windows, Updated Lighting and Electric new panels and meters. All units have front and rear private entrances and rear decks were rebuilt with treated, composite decking material. Lead based Paint Certification received and on file with the City of Cleveland and is valid thru 2026. Tenant Paid Electric (Lights and Plugs). Landlord paid Heat, Hot Water, and Water / Sewer. Outstanding Turn-Key Investment with little to no deferred maintenance and needing very little management. The LaVerne Apartments are meticulously Managed by a Third Party for the ownership. There are hookups ready for a total of 2 sets of Washer and Dryers to provide additional income. The brand new, fenced, lit and secure, rear surface parking lot provides approx. 15 parking spaces. Projected Net Operating Income at 100% Occupancy at market rents w/6% Management Fee and Real Estate Tax Adjustment is $90,091 or a 7.51% Cap at the Asking Price of $1,199,000. The area has seen a huge upswing in development and increased rents throughout the area as supply for high end units has not been able to keep up with demand. Conversely, if the new ownership desires to increase gross revenues, the opportunity to accept “guaranteed” rent payments provided by Federal and State Funding for assistance to low income individuals (Section 8) exists. The potential exists to operate this complex as it currently is a “market” (no subsidy) property or to accept Housing Vouchers (Section 8) or a combination of both. This is a Fantastic Opportunity to purchase a stabilized asset in a Class A/B Westside Neighborhood with huge upside for a bargain price! LOCATION The LaVerne Apartments is located just blocks away from the Lakefront on the south side of the Edgewater neighborhood within the Northwest corner of the City of Cleveland, Cuyahoga County, Ohio. Specifically, the property is located on the south side of Lorain Avenue approximately one block South of Interstate 90. The property benefits from being three miles west of the Cleveland Central Business District. The Apartments are conveniently located in a neighborhood where you can walk to grocery stores, drug stores, library, RTA/Rapid station, Edgewater park for fishing/beach, and located near The Cudell Commons which offers Cleveland Residents an indoor pool, basketball courts, gym and workout / fitness space. The area has direct access to the interstate freeway system via Route 2, I-90, I-71 & I-77 with an entrance/exit point approximately one mile west of the property. Public transportation is also readily available within the neighborhood with a rapid transit station within walking distance. The Edgewater State Park is also located within the neighborhood. The park contains 131 acres of open space, a 900 foot long beach, boat ramp, pavilions, picnic areas, a yacht club and marina. Residents within the Edgewater neighborhood also benefit from easy access to shopping and services within the neighborhood.

Property Subtype:

Apartment

Date on Market:

2025-11-25

Lorain Retail for Sale - Lorain County

Freestanding retail building for sale or lease - right off of Rt-57

Property Subtype:

Freestanding

Date on Market:

2025-11-25

Cleveland Flex for Sale - Northeast

For sale by owner. Property used as a multi-tenant investment property for 30 years. Building has offices in the front of the building, approx 1250 sq ft and 2 separate entrances. You can rent out the front and occupy the back of the building. Or vice versa. Great for investors, builders or business owners. The shop area in the back is 762 sq ft. Ideal for a contractor or construction business. Garage door is 8’ high x 10’ wide. Separate structure with 3 garages approx 864sq ft in total. Full basement under offices, additional 1250 sq ft. Large parking lot. Close proximity and easy access to freeway. Great Location and good visibility from East 200th Street. Home Depot across the street.

Date on Market:

2025-11-23