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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, and 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 in a historic building with a rich past, offering the flexibility to incorporate a variety of uses, including hotel, dormitory, retail, residential, office, data center, and self-storage. 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.
• Case Number 1:25-cv-2332 – United States District Court for Northern District of Ohio (Judge Charles E. Fleming)
• 925 Euclid Avenue in Cleveland Ohio (PPN 101-36-001, 101-36-002, 101-36-013), previously known as the Centennial Building, the Huntington Building, and the Union Trust Building
Property Facts
Amenities
- Banking
- Conferencing Facility
- Property Manager on Site
- Restaurant
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Demographics
Demographics
Property Taxes
| Parcel Number | 101-36-013 | Improvements Assessment | $3,620,785 |
| Land Assessment | $3,451,035 | Total Assessment | $7,071,820 |
Property Taxes
Contact the Sale Advisor
The 925 Building - Receiver Sale | 925 Euclid Ave