Address
988 E 185th Street, Cleveland, OH
Price
$ 139,000
Property Attributes
- MLS#5083075
- TypeSingle Family
- Listing Status Active
- CountyCuyahoga
- CityCleveland
- NeighborhoodEuclid 15
- Zip44119
- Style
- Year Built1942
- Taxes$ 2647
- Price$ 139,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.1377 Acres
Data Source:
MLSNow
Property Description
Exceptional commercial value! Meticulously maintained, 3-story office building listed at $139,000 on a heavily traveled Cleveland corridor. Featuring 1,708 SQFT above ground plus an additional 936 SQFT below grade (over 2,600 total usable SQFT), this zoned office property is an investor's dream or perfect for an owner-user looking to stop renting. Currently a long-term, owner-occupied law office. For investors, this property boasts massive cash-flow potential. With 4 separate entrances (front, back, side, and lower level), the building easily subdivides into multi-tenant office suites. Based on area market rents of $14–$18/SQFT, the estimated gross rental potential is $2,500 to $3,200+ per month ($30,000–$38,400+ annually). Factoring in conservative operating expenses, this translates to a projected 14.0% to 17.9% Cap Rate—virtually unheard of in today's market! The interior offers a welcoming lobby, private main-floor office, and full kitchen/cafeteria. The 2nd floor provides 4 private offices and a full bath, while the 3rd level features a private executive suite with tandem access. Hardwood floors are preserved under the carpet. The partially finished lower level adds value with a half bath, mechanicals, additional storage capacity, and a dedicated walk-up exit to the rear lot. Major recent upgrades include a Newer AC (2023), Newer Windows, Roof (2014), and a Newer Concrete Pad. The site also benefits from the City's recent Street Beautification Project with brand-new sidewalks, curbs, and street paving. The exterior features a fully fenced lot with a paved drive and parking for multiple vehicles, backing up to a wooded area. Located next to Fifth Third Bank with immediate access to all major highways. Owner is retiring. Fast occupancy—easy to show!
| Price History | |
|---|---|
| 8/29/2025 | Listed $150,000 |
| 9/29/2025 | 1$148,000 |
| 4/14/2026 | 6$139,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | ForcedAir,Gas |
| Cooling | CentralAir |
| Possession | DeliveryOfDeed |
| Roof | Asphalt,Fiberglass |
| Year Built | 1942 |
| Township | Cleveland |
| Property Subtype | Business |
| Tax Year | 2023 |
| Current Use | MixedUse,Office |
| County | Cuyahoga |
| Property Type | CommercialSale |
| Attached Garage | false |
| Subdivision Name | Euclid 15 |
| Building Features | Lunchroom,PrivateRestrooms |
| Status | Active |
| Directions | N. of I-90 |
| ModificationTimestamp | 2026-08-21T16:52:31.203-00:00 |
| City | Cleveland |
| High School District | Cleveland Municipal - 1809 |
| Zoning Description | Commercial |
| Lot Size Units | Acres |
| Tax Annual Amount | 2647 |
| Building Area Units | SquareFeet |
| Living Area Units | SquareFeet |
| Standard Status | Active |
| Middle/Junior School District | Cleveland Municipal - 1809 |
| Elementary School District | Cleveland Municipal - 1809 |
| Year Built Source | PublicRecords |
| Property Sub Type Additional | Business |
| PostalCity | CLEVELAND |
| Legal Description | 15 |
Interior Features
| Basement | Full,PartiallyFinished,WalkOutAccess |
|---|---|
| Basement (Y/N) | true |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Fencing | ChainLink,Full,Vinyl |
|---|---|
| Parking Features | Driveway,ParkingLot |
| Water Source | Public |
| Lot Size Area | 0.1377 |
| Foundation Details | Basement |
| Number of Buildings | 1 |
| Building Area Total | 2644 |
| Lot Size Acres | 0.1377 |
| Lot Size Source | PublicRecords |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 44119
Price
Taxes
Year Built
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