Historic Commercial Space for Sale – Prime Cleveland Location

1368 E 55th St Cleveland, OH 44103

1368 E 55th St, Cleveland, OH, 44103
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$350,000
Last Verified:
Jan 31, 2025

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Description

A rare opportunity to own a piece of Cleveland’s history—the southeast portion of a Cleveland Local Landmark is now available. This 8,144 SF, two-story space, formerly the St. Clair branch of the Cleveland Public Library, features a grand staircase, an elevator, and a full basement. Situated at the high-visibility corner of E 55th and St. Clair, this location offers seamless access to major highways and is just minutes from downtown, the Opportunity Corridor, and the Cleveland Clinic Main Campus.
With flexible commercial zoning, ample parking, and strong city support for revitalization, this historic space presents an excellent investment opportunity. Its architectural charm and prime location make it ideal for office, retail, or mixed-use development. Positioned in a growing area surrounded by both residential and commercial projects, this space is ready for transformation, allowing new ownership to contribute to the ongoing renewal of the St. Clair-Superior neighborhood.

Prime Location: High-visibility corner of E 55th and St. Clair, minutes from downtown Cleveland, the Opportunity Corridor, and major highways


Year Built: 1905
Building Size: 8144sq ft
Building Class: C
Lot Size: 0.11 acres

Map of 1368 E 55th St, Cleveland, OH, 44103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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