44120 Ohio Commercial Properties for Sale

44120 Ohio Commercial Properties for Sale

$198,000
5164873 MLS
This property has so many options it can work for anyone in almost any circumstance. It's dream owner will be a creative type with a live/work lifestyle that utilizes the humongous studio space for almost any art discipline you can imagine. If you need copious amounts of natural gas, all the better, as this space previously housed kilns to melt glass for blowing and steel for smithing. You can live in the already existing 3 bedroom home in the upper portion, have office or retail space on the first floor, or turn the first floor into another unit of a different use with a little tweaking. In addition you can enjoy a vast out of doors space including a 2 story deck that can be a chameleon as well. It's mixed use zoning allows business to be conducted in the increasingly popular and historic Larchmere district which starts at East 120th Street and extends east to North Moreland, one block north of the Shaker Square shopping district. Larchmere offers a unique shopping experience with personal service in a vibrant neighborhood. Join the rest of the businesses including Art & Craft Galleries, Beauty and Barber Boutiques, Clothing and Vintage Stores, Specialty Services for home and auto, and a plethora of Food and Drink establishments. Visit today with your favorite Realtor (you don't need a commercial agent for this one) and IMAGINE this property as the next big destination on the strip. House has new HVAC with Central air in 2021, new Hot Water tank in 2022. Outbuilding has separate commercial natural gas line that was added in 2022. Info, taxes, room sizes and overall square feet are deemed to be accurate but are the responsibility of the buyer to confirm.

12406 Larchmere Boulevard, Cleveland

Listing Courtesy of: Gregory Erlanger, Info@EZSalesTeam.com With Keller Williams Citywide

Selling Office: Howard Hanna.

$480,000
5145783 MLS
Pride of Ownership Meets Cash-Flowing Opportunity | 7-Unit Near Shaker Square that has been lovingly maintained by the current owner as if it were his own residence, this all-2-bedroom building offers large units with great layouts and untapped upside—all just minutes from the shops, restaurants, and transit of Shaker Square. Currently fully occupied at $5,700/month, with market rents over $8,300/month, this property offers nearly $40K/year in NOI growth through simple rent adjustments—no major renovations needed. Most tenants are long-term and on month-to-month leases, giving the next owner the ability to increase rents almost immediately. One unit is Section 8, with the tenant contributing $400 toward rent. Property will cash flow $238/ unit/ month AFTER debt service once rents are increased. Within the last 10 years the building has undergone significant improvements , including:New vinyl windows throughout, Interior updates in all units, Modernized systems (electrical, hot, etc) , Coin-operated laundry (owner-owned), Private parking lot with potential for added revenue, Individually metered electric and gas – tenants pay their own heat and utilities, Boiler retired with electric baseboard heat & Sewer line under went extensive repair in 2025. Verified lead-free certificate (good through Jan 2026) and no Point-of-Sale requirements like neighboring Shaker Heights, this property offers peace of mind and smooth operations. Value-add potential doesn’t stop at rents—charge for parking and utilities, or simply bring units to market rate for a projected cap rate over 10%. This is a high-performing asset in a sought-after rental corridor And with a DSCR over 1.25%, it qualifies for most financing options, making it ideal for both new and seasoned multifamily investors.

2932 S Moreland Boulevard, Cleveland

Listing Courtesy of: Erin Thomas, Erinthomas@kwcommercial.com With Keller Williams Living

Selling Office: Keller Williams Living.

$699,900
5136197 MLS
Incredible Commercial Investment Opportunity Near Shaker Square & Shaker Heights! Part of Shaker Schools - an incredible bonus for residents with children. A spacious courtyard nestled between the buildings, perfect for outdoor relaxation and enjoyment. Don’t miss your chance to revitalize this stately, historic Tudor-style apartment complex located just steps from the vibrant Shaker Square and the charming community of Shaker Heights. Minutes from Downtown, University Circle, and more. This impressive 24-unit property spans two buildings with four entrances and includes three basement areas—all vacant and ready for renovation. Featuring a mix of 1-, 2-, and 3-bedroom units—some with two full bathrooms—these incredibly spacious apartments offer original hardwood floors, detailed wood trim, and functional layouts with separate kitchens, living rooms, and dining rooms. Each unit has access to both front and rear stairwells—with the front stairs fully enclosed and the rear semi-exposed. Laundry hookups in one of the basement areas. Three roughed-in "garden-level" units in the basement, offering the potential to expand to 27 total units. A complete unit breakdown by layout and location is available upon request. Photos are for illustrative purposes only; the condition of individual units may vary. With strong architectural character and generous unit sizes, this property is a rare opportunity for investors or developers seeking a high-potential value-add asset in a prime location. **No seller or creative financing available, and no assignments will be considered**. Buyers must have financing arranged and a pre-approval letter provided before submitting any offers.

2899-2905 Hampton Road, Cleveland

Listing Courtesy of: Beth Wallace, BethWallace@realtyxo.com With RE/MAX Real Estate Group

$175,000
4505014 MLS
Look at this 6 unit commercial apartment building for sale! Each unit contains one bedroom, one full bath, kitchen, living room and private entrances. Front units have private balconies! 3 newer furnaces, 2 newer hot water tanks, some newer windows, updated electrical, glassblock in basement! Unit 1 $550 M2M lease, Unit 2 $480 M2M no lease, Unit 3 $475 M2M no lease, Unit 4 $500 M2M Lease, Unit 5 vacant, 6 M2M $450. Tenants pay gas/electric. Owner Water/sewer. Solid Brick Building! Fenced in yard! Add this to your portfolio or start with a great income producing building! Property was purchased on 3/28/2022, started receiving rents in April 2022. In short time, it generated over $20k or $2,219/month, Reflecting: $26,630 annually. Expenses were low so it generated nice income. Lastly, rents potential to increase $50-100 per unit. Units 1-4 have been there for a while, current owner does not have leases for units 2,3,6- all on month to month. Property never conveyed with prior leases. New buyer to construct new lease with tenants. Unit 1+4 on lease currently on month to month. CITY LEAD BASED PAINT COMPLIANT! Selling As is! Close to restaurants, shopping, parks, hospitals, downtown and more! Contact today to see or with questions. This will not last long! Priced to sell with recent repairs done! No wholesales or seller financing!

3444 E 149th Street, Cleveland

Listing Courtesy of: Leilani M Bowersock, leilani7b@gmail.com With Coldwell Banker Schmidt Realty

Selling Office: Keller Williams Elevate.

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44120 Ohio Commercial Properties

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