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Commercial Real Estate for Sale at 988 E 185th Street in Cleveland, OH for $139,000

Listing data last changed 06/06/2026 - 7:00pm
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988 E 185th Street | Cleveland

$139,000 | 0.0 Sq. Ft.

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\u0027s 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\u2013$18/SQFT, the estimated gross rental potential is $2,500 to $3,200\u002B per month ($30,000\u2013$38,400\u002B annually). Factoring in conservative operating expenses, this translates to a projected 14.0% to 17.9% Cap Rate\u2014virtually unheard of in today\u0027s 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\u0027s 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\u2014easy to show! MLSNow 5083075 Directions to property: N. of I-90

MLS Listing ID: 
MLSNow 5083075
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$139,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Business
Primary Market Area: 
Cleveland
Address: 
988 E 185th Street, Cleveland, OH 44119
County: 
Cuyahoga
Latitude: 
41.5805990
Longitude: 
-81.5502320
Directions: 
N. of I-90
Public Remarks: 
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\u0027s 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\u2013$18/SQFT, the estimated gross rental potential is $2,500 to $3,200\u002B per month ($30,000\u2013$38,400\u002B annually). Factoring in conservative operating expenses, this translates to a projected 14.0% to 17.9% Cap Rate\u2014virtually unheard of in today\u0027s 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\u0027s 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\u2014easy to show!
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Euclid 15
Building Details
Details about the building on a property.
Year Built: 
1942
Living Area: 
0.0
Basement: 
Full,Partially Finished,Walk-Out Access
Construction
Foundation Details: 
Basement
Roof: 
Asphalt,Fiberglass
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,Gas
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: 
0.14
Lot Size (Area): 
0.14
Lot Features
Parking Type: 
Driveway,Parking Lot
Fence: 
Chain Link,Full,Vinyl
Public Record
Parcel Number: 
113-08-020
Annual Tax: 
$2,647.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP Realty, LLC.

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