Retail at 5011 Clark Avenue, Cleveland
Retail at 5011 Clark Avenue, Cleveland, photo 2 of 22
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$295,900

5011 Clark Avenue
Cleveland, OH 44102
Listed by Ryan Walsh · B2B Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1890

About this home

Mixed-use investment opportunity in Cleveland featuring a 984-square-foot retail storefront plus two updated 2-bedroom apartments with 1,684 total residential square feet. The storefront remains occupied by an active business at $1,475 per month with a lease through 09/30/2027, providing $17,700 in current annual income. Both residential units are vacant and actively marketed for rent at $900 and $925 per month, creating potential total gross income of $39,600 annually once fully leased. The 2,668-square-foot, two-story building includes a basement beneath the storefront with a private restroom, storage and utilities. Additional features include baseboard and forced-air heat, wall-unit cooling, public water and sewer, and on-street parking. Convenient urban location with public transportation and easy access to downtown, Ohio City, Tremont, University Circle and major commuter routes. A compelling opportunity for an investor seeking current commercial income with residential lease-up potential.

Property details

MLS
NOWDD
MLS #
5242954
Property type
Retail
Subdivision
Clark Fulton
Status
Active
Days on market
25
On market date
September 14, 2026
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.1148 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Clark School
0.14 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
595
Student:teacher ratio
14.5:1
District
Cleveland Municipal
MiddleCharter
Constellation Schools: Stockyard Community Middle
0.49 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
74
Student:teacher ratio
37.0:1
District
Constellation Schools: Stockyard Community Middle
High
Max S Hayes High School
0.41 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
639
Student:teacher ratio
13.9:1
District
Cleveland Municipal

Walkability

Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

77
Walkable
out of 100
EPA National Walkability Index
12.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 25 days -- 25 fewer days than Cleveland's current average of 50 days.
For reference, the median list price across 2,393 active listings in Cleveland right now is $130,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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Est. monthly payment
$1,932/mo
$59,180 down
$236,720 loan
Principal & interest$1,535
Property tax (est.)$247
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 7 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.