Home ›

Commercial Real Estate for Sale at 3240 W 98th Street in Cleveland, OH for $1,399,000

Listing data last changed 02/12/2026 - 10:08pm
Javascript is required to view this map.
Tools

3240 W 98th Street | Cleveland

$1,399,000 | 0.0 Sq. Ft.

Summary: \r\nAll Brick - 2 story low rise boasts: 17) unit with 5) main street level retail units with high visibility and 12) residential and 5) Retail. \r\nMix: 4) 2 bed/1bath, 7) 1 Bed/1 bath, 1) studio/1 bath and 5) retail \r\nThis offering presents a compelling investment opportunity in a mixed-use asset located minutes to Cleveland\u0027s downtown. The property comprises 12 well-maintained apartment units and 5 ground-floor retail shops, complemented by a private parking lot at the rear. \r\n\r\nHighlights: \r\n- CAP rate operates at 7.1% \u0022As Is\u0022, with proforma at 8.9% small adjustments needed to be implemented. \r\n- Great occupancy history. \r\n_ Currently professionally managed would stay on. \r\n- \r\n- Common area renovations included all common area, halls and entries newly painted, all new LED house lighting added for energy saving. MLSNow 5186026 Directions to property: South off Lorain Avenue headed East at corner of W 98th Street and Dennison Ave

MLS Listing ID: 
MLSNow 5186026
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,399,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
3240 W 98th Street, Cleveland, OH 44102
County: 
Cuyahoga
Latitude: 
41.4660571
Longitude: 
-81.7514873
Directions: 
South off Lorain Avenue headed East at corner of W 98th Street and Dennison Ave
Public Remarks: 
Summary: \r\nAll Brick - 2 story low rise boasts: 17) unit with 5) main street level retail units with high visibility and 12) residential and 5) Retail. \r\nMix: 4) 2 bed/1bath, 7) 1 Bed/1 bath, 1) studio/1 bath and 5) retail \r\nThis offering presents a compelling investment opportunity in a mixed-use asset located minutes to Cleveland\u0027s downtown. The property comprises 12 well-maintained apartment units and 5 ground-floor retail shops, complemented by a private parking lot at the rear. \r\n\r\nHighlights: \r\n- CAP rate operates at 7.1% \u0022As Is\u0022, with proforma at 8.9% small adjustments needed to be implemented. \r\n- Great occupancy history. \r\n_ Currently professionally managed would stay on. \r\n- \r\n- Common area renovations included all common area, halls and entries newly painted, all new LED house lighting added for energy saving.
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1928
Living Area: 
0.0
Basement: 
Apartment,Common Basement,Full,Finished,Concrete,Sump Pump,Storage Space,Walk-Up Access
Construction
Foundation Details: 
Basement
Roof: 
Asphalt,Fiberglass,Rubber
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Heat Pump,Hot Water,Radiant,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.24
Lot Size (Area): 
0.24
Lot Features
Parking Type: 
Assigned,Driveway,Outside,Paved,Parking Lot
Total Parking Spaces: 
12
Public Record
Parcel Number: 
017-19-010
Annual Tax: 
$28,487.00
Contract Details
Details about the listing contract.
Possession: 
Close Plus 30 Days
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Citywide

Request More Information