Commercial Real Estate for Sale at 11239 Superior Avenue in Cleveland, OH for $499,900

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11239 Superior Avenue | Cleveland

$499,900 | 0.0 Sq. Ft.

**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.** MLSNow 5205197 Directions to property: Near E 113th \u0026 Superior

MLS Listing ID: 
MLSNow 5205197
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$499,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Retail
Primary Market Area: 
Cleveland
Address: 
11239 Superior Avenue, Cleveland, OH 44106
County: 
Cuyahoga
Latitude: 
41.5229040
Longitude: 
-81.6066690
Directions: 
Near E 113th \u0026 Superior
Public Remarks: 
**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.**
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
A J Harahs
Building Details
Details about the building on a property.
Year Built: 
1911
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.1
Lot Size (Area): 
0.1
Public Record
Parcel Number: 
109-24-016
Annual Tax: 
$8,939.39
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Berkshire Hathaway HomeServices Professional Realt

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