Commercial Real Estate for Sale at 18621 Saint Clair Avenue in Cleveland, OH for $1,900,000

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18621 Saint Clair Avenue | Cleveland

$1,900,000 | 0.0 Sq. Ft.

Exceptional investment opportunity in the heart of Cleveland! This mixed-use 17-unit property offers immediate cash flow with substantial upside potential. Currently generating approximately $36,000 per month ($432,000 annually) while operating at only 65% occupancy, this asset presents a rare value-add opportunity for investors looking to increase returns through lease-up, updates, and operational optimization. The property features a strong mix of residential and commercial space, including a fully operational laundromat business that is included in the sale\u2014providing an additional, stable income stream for the next owner. With significant room to grow occupancy and rents, this property is ideally positioned for both seasoned investors and portfolio expansion. High visibility location, multiple income sources, and impressive in-place revenue make this a standout opportunity in Cleveland\u2019s thriving investment market. Whether you are seeking long-term cash flow, appreciation potential, or a turnkey mixed-use asset with built-in upside, this property delivers on all fronts. MLSNow 5201618 Directions to property: Nottingham Rd and Saint Clair Ave

MLS Listing ID: 
MLSNow 5201618
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,900,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Cleveland
Address: 
18621 Saint Clair Avenue, Cleveland, OH 44110
County: 
Cuyahoga
Latitude: 
41.5737050
Longitude: 
-81.5489910
Directions: 
Nottingham Rd and Saint Clair Ave
Public Remarks: 
Exceptional investment opportunity in the heart of Cleveland! This mixed-use 17-unit property offers immediate cash flow with substantial upside potential. Currently generating approximately $36,000 per month ($432,000 annually) while operating at only 65% occupancy, this asset presents a rare value-add opportunity for investors looking to increase returns through lease-up, updates, and operational optimization. The property features a strong mix of residential and commercial space, including a fully operational laundromat business that is included in the sale\u2014providing an additional, stable income stream for the next owner. With significant room to grow occupancy and rents, this property is ideally positioned for both seasoned investors and portfolio expansion. High visibility location, multiple income sources, and impressive in-place revenue make this a standout opportunity in Cleveland\u2019s thriving investment market. Whether you are seeking long-term cash flow, appreciation potential, or a turnkey mixed-use asset with built-in upside, this property delivers on all fronts.
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Year Built: 
1927
Living Area: 
0.0
Basement: 
Full,Unfinished
Construction
Roof: 
Asphalt,Fiberglass,Flat
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: 
Forced Air
Cooling System: 
Central Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.55
Lot Size (Area): 
0.55
Lot Features
Parking Type: 
Parking Lot
Public Record
Parcel Number: 
116-19-005
Annual Tax: 
$13,952.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX Above \u0026 Beyond

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