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1893 E 55th St 31,158 SF Industrial Building Cleveland, OH 44103 $1,199,000 ($38.48/SF)

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Investment Highlights

  • Close proximity to major interstates: I-90, I-77, and I-490.
  • Two stories of warehouse space with ample room for racks.

Executive Summary

Ideal for businesses seeking high-quality cold storage, this 31,158-square-foot property—27,464 square feet of which are industrial and 3,694 square feet of which are office—is offered at a lease rate of $7.00/SF NNN or an asking price of $1,199,000. It features five walk-in refrigerators/coolers (auto-set at 35 degrees and capable of going as low as 32 degrees): Cooler 1 at 1,290 SF, Cooler 2 at 541 SF, Cooler 3 at 541 SF, Cooler 4 at 1,458 SF (including a 240 SF internal freezer), and Cooler 5 at 152 SF. The owner user has invested $1.25M in improvements such as upgraded electrical systems, an internal dock, and a new roof. The building, renovated in 2018 and constructed with masonry, includes two stories of warehouse space, two internal docks with levelers, one drive-in door, and a clear height of approximately 13 feet (varies throughout) with 18’x18’ column spacing. Additional highlights include fluorescent lighting, forced air heat, HVAC in the office area, and 480V/3-phase power. Situated on 0.62 acres and zoned Light Industrial, the property also offers easy access to I-90, I-77, and I-490—making it an excellent choice for businesses requiring both cold and dry storage in a prime location.

Property Facts

Price $1,199,000
Price Per SF $38.48
Sale Type Owner User
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 0.62 AC
Rentable Building Area 31,158 SF
No. Stories 2
Year Built/Renovated 1965/2018
Parking Ratio 0.32/1,000 SF
Clear Ceiling Height 13’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning SI - Semi-Industry
Parcel Number 118-01-035

Amenities

  • Cooler

Utilities

  • Lighting - Fluorescent
  • Gas
  • Water
  • Sewer
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 15,579 SF
  • Industrial
  • Full Build-Out
  • Now

Ideal for businesses seeking high-quality cold storage, this 31,158-square-foot property—27,464 square feet of which are industrial and 3,694 square feet of which are office—is offered at a lease rate of $7.00/SF NNN or an asking price of $1,400,000. It features five walk-in refrigerators/coolers (auto-set at 35 degrees and capable of going as low as 32 degrees): Cooler 1 at 1,290 SF, Cooler 2 at 541 SF, Cooler 3 at 541 SF, Cooler 4 at 1,458 SF (including a 240 SF internal freezer), and Cooler 5 at 152 SF. The owner user has invested $1.25M in improvements such as upgraded electrical systems, an internal dock, and a new roof. The building, renovated in 2018 and constructed with masonry, includes two stories of warehouse space, two internal docks with levelers, one drive-in door, and a clear height of approximately 13 feet (varies throughout) with 18’x18’ column spacing. Additional highlights include fluorescent lighting, forced air heat, HVAC in the office area, and 480V/3-phase power. Situated on 0.62 acres and zoned Light Industrial, the property also offers easy access to I-90, I-77, and I-490—making it an excellent choice for businesses requiring both cold and dry storage in a prime location.

  • 2nd Floor
  • 15,579 SF
  • Industrial
  • Full Build-Out
  • Now

Ideal for businesses seeking high-quality cold storage, this 31,158-square-foot property—27,464 square feet of which are industrial and 3,694 square feet of which are office—is offered at a lease rate of $7.00/SF NNN or an asking price of $1,400,000. It features five walk-in refrigerators/coolers (auto-set at 35 degrees and capable of going as low as 32 degrees): Cooler 1 at 1,290 SF, Cooler 2 at 541 SF, Cooler 3 at 541 SF, Cooler 4 at 1,458 SF (including a 240 SF internal freezer), and Cooler 5 at 152 SF. The owner user has invested $1.25M in improvements such as upgraded electrical systems, an internal dock, and a new roof. The building, renovated in 2018 and constructed with masonry, includes two stories of warehouse space, two internal docks with levelers, one drive-in door, and a clear height of approximately 13 feet (varies throughout) with 18’x18’ column spacing. Additional highlights include fluorescent lighting, forced air heat, HVAC in the office area, and 480V/3-phase power. Situated on 0.62 acres and zoned Light Industrial, the property also offers easy access to I-90, I-77, and I-490—making it an excellent choice for businesses requiring both cold and dry storage in a prime location.

Space Size Space Use Condition Available
1st Floor 15,579 SF Industrial Full Build-Out Now
2nd Floor 15,579 SF Industrial Full Build-Out Now

1st Floor

Size
15,579 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

2nd Floor

Size
15,579 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor

Size 15,579 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Ideal for businesses seeking high-quality cold storage, this 31,158-square-foot property—27,464 square feet of which are industrial and 3,694 square feet of which are office—is offered at a lease rate of $7.00/SF NNN or an asking price of $1,400,000. It features five walk-in refrigerators/coolers (auto-set at 35 degrees and capable of going as low as 32 degrees): Cooler 1 at 1,290 SF, Cooler 2 at 541 SF, Cooler 3 at 541 SF, Cooler 4 at 1,458 SF (including a 240 SF internal freezer), and Cooler 5 at 152 SF. The owner user has invested $1.25M in improvements such as upgraded electrical systems, an internal dock, and a new roof. The building, renovated in 2018 and constructed with masonry, includes two stories of warehouse space, two internal docks with levelers, one drive-in door, and a clear height of approximately 13 feet (varies throughout) with 18’x18’ column spacing. Additional highlights include fluorescent lighting, forced air heat, HVAC in the office area, and 480V/3-phase power. Situated on 0.62 acres and zoned Light Industrial, the property also offers easy access to I-90, I-77, and I-490—making it an excellent choice for businesses requiring both cold and dry storage in a prime location.

2nd Floor

Size 15,579 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Ideal for businesses seeking high-quality cold storage, this 31,158-square-foot property—27,464 square feet of which are industrial and 3,694 square feet of which are office—is offered at a lease rate of $7.00/SF NNN or an asking price of $1,400,000. It features five walk-in refrigerators/coolers (auto-set at 35 degrees and capable of going as low as 32 degrees): Cooler 1 at 1,290 SF, Cooler 2 at 541 SF, Cooler 3 at 541 SF, Cooler 4 at 1,458 SF (including a 240 SF internal freezer), and Cooler 5 at 152 SF. The owner user has invested $1.25M in improvements such as upgraded electrical systems, an internal dock, and a new roof. The building, renovated in 2018 and constructed with masonry, includes two stories of warehouse space, two internal docks with levelers, one drive-in door, and a clear height of approximately 13 feet (varies throughout) with 18’x18’ column spacing. Additional highlights include fluorescent lighting, forced air heat, HVAC in the office area, and 480V/3-phase power. Situated on 0.62 acres and zoned Light Industrial, the property also offers easy access to I-90, I-77, and I-490—making it an excellent choice for businesses requiring both cold and dry storage in a prime location.

  • Listing ID: 35177675

  • Date on Market: 3/18/2025

  • Last Updated:

  • Address: 1893 E 55th St, Cleveland, OH 44103

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