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11239 Superior Ave 10,248 SF 100% Leased Retail Building Cleveland, OH 44106 $475,000 ($46.35/SF)
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
$475,000
Price Per SF
$46.35
Percent Leased
100%
Building Height
3 Stories
Opportunity Zone
Yes
Moderately walkable
60/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 109-24-016 | Improvements Assessment | $51,625 |
| Land Assessment | $2,415 | Total Assessment | $54,040 |
Property Taxes
Parcel Number
109-24-016
Land Assessment
$2,415
Improvements Assessment
$51,625
Total Assessment
$54,040
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11239 Superior Ave