1893 E 55th Street — Sale in Cleveland, OH

  • Price: $1.2M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Cleveland, OH 44103
  • Size: 31,158 SF

Investment Figures

Price per square foot
$38

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Ideal for businesses seeking high-quality cold storage, this 31,158-square-foot property — 27,464 square feet of which are industrial and 3,694 square feet of which are office — is offered at a lease rate of $7.00/SF NNN or an asking price of $1,199,000. It features five walk-in refrigerators/coolers (auto-set at 35 degrees and capable of going as low as 32 degrees): Cooler 1 at 1,290 SF, Cooler 2 at 541 SF, Cooler 3 at 541 SF, Cooler 4 at 1,458 SF (including a 240 SF internal freezer), and Cooler 5 at 152 SF. The owner user has invested $1.25M in improvements such as upgraded electrical systems, an internal dock, and a new roof. The building, renovated in 2018 and constructed with masonry, includes two stories of warehouse space, two internal docks with levelers, one drive-in door, and a clear height of approximately 13 feet (varies throughout) with 18 — x18 — column spacing. Additional highlights include fluorescent lighting, forced air heat, HVAC in the office area, and 480V/3-phase power. Situated on 0.62 acres and zoned Light Industrial, the property also offers easy access to I-90, I-77, and I-490 — making it an excellent choice for businesses requiring both cold and dry storage in a prime location. $3,600.00 Annual Billboard Renewal.

Market Context

This industrial in Cleveland, OH is listed for sale at $1,199,000 across 31,158 SF ($38/SF). It has been on the market for 239 days. Compare it against other industrial listings for sale in Cleveland, OH — view the full market.

As of Q1 2026, the Cleveland industrial market showed an 8.8% vacancy rate, and cap rates around 10.5%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Cleveland?
About 10.5% as of Q1 2026, per multiple brokerage reports.
Is the Cleveland industrial market tightening or softening?
Vacancy is around 8.8% (Q1 2026).

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