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32230060
32230061

2 Locations

KF
OH Oh 2020006531
eXp Commercial
Listed by eXp Commercial
$1,400,000
36 days on market
Updated 35 days ago

Midtown Industrial Portfolio

Details
APN 102-21-029, 102-21-037
Property Type Industrial
Sub Type Manufacturing
Square Footage 26,418
Tenancy Single
Price per SqFt $53
Year Built 1962
Year Renovated 2025
Buildings 2
Acreage 1.700
Zoning SI / Industrial
Parking Spaces 22 spaces
Parking Per SqFt 0.83
Investment Type Owner/User
Ground Lease No
Ceiling Height 20'
Dock High Doors 1

Midtown Industrial Portfolio

Marketing description

A rare opportunity to acquire a contiguous two-building industrial portfolio in Cleveland’s established Midtown industrial submarket. 1405 and 1457 E. 39th Street are offered together as a single portfolio — not individually — totaling approximately 26,418 SF of industrial building area on a combined 1.70 acres.

The properties have been operated as an elevator fabrication facility for many years, with the existing fabrication setup remaining in place — including in-place 2-ton, 5-ton, and 2,500 lb. cranes, multi-voltage / multi-amperage electrical service, gas service, and heated shop space. A buyer can step into a turnkey fabrication, manufacturing, or heavy-load industrial operation with no setup required.

1457 E. 39th Street is a 17,018 SF masonry/concrete-block building (1962) with 20’ clear height, two 14’×14’ drive-in doors, one 12’×10’ dock door with leveler, and a 2,500 lb. crane on a 0.60-acre site. 1405 E. 39th Street is a 9,400 SF masonry/concrete-block building (~1931) with 18’ clear height, two 14’×14’ drive-in doors, sealed concrete slab, and 2-ton + 5-ton cranes on a 1.10-acre fenced site offering significant outdoor storage and yard flexibility.

Ownership has invested over $160,000 in recent capital improvements, including new TPO roof systems on both buildings (2025), replaced shop heaters (2025), and serviced office HVAC (2025). The current operating business, Architectural Products Development, Inc. (APD), is sold separately from the real estate.

Ideal for an owner-user, value-add investor, or last-mile logistics / light manufacturing operator seeking turnkey industrial space in an established urban infill location.

Investment highlights

1. Two-Building Industrial Portfolio — 26,418 SF on 1.70 Acres — sold together; not available individually.

2. Turnkey Fabrication Setup In Place — operated as an elevator fabrication facility for many years; cranes, power, and shop infrastructure remain ready for the next operator.

3. Three In-Place Cranes — 2-ton, 5-ton, and 2,500 lb. cranes supporting heavy-load fabrication, manufacturing, or assembly operations.

4. $160,000+ in Recent Capital Improvements — new TPO roof systems on both buildings (2025), replaced shop heaters (2025), serviced office HVAC (2025).

5. Strong Industrial Configuration — four total drive-in doors (14’×14’), one exterior dock door with leveler, 18’–20’ clear heights, multi-voltage / multi-amperage electrical, gas service.

6. 1.10-Acre Fenced Site at 1405 — significant outdoor storage, equipment laydown, and fleet-parking capacity in an urban infill location.

7. Established Midtown Submarket — ~1 mile to I-90, I-77 access via Innerbelt, ~24 minutes to Cleveland-Hopkins; SI zoning supports manufacturing, fabrication, automotive, and service uses.

8. Logistics & Urban Infill Advantage — centrally positioned for servicing Greater Cleveland with reduced delivery times; ideal for last-mile distribution, light manufacturing, or service-based operators; APD operating business available separately.

Listing Contacts

KF
OH Oh 2020006531
eXp Commercial
Listed by eXp Commercial

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Additional Information

Name
Kas Filippova
License
Oh 2020006531
Brokerage Phone
216-374-3689
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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