11219 Detroit Ave, Cleveland, OH 44102

MLS#: 5019547 Prop Type:Commercial Sale

Status: Active Sub Type: Mixed Use List Price: $900,000
Recent: 02/27/2024 : Back On Market : C->A DOM/CDOM: 12/276

List Dt Rec: 02/23/2024 List Date: 02/23/2024

Lot #: Contg Dt:
Unit: Pend Dt:
County: Cuyahoga Off Mkt Dt:
Close Dt:
Exp Dt:
Parcel ID: 001-24-016
Twp: Cleveland
Subdiv: Leonardo Schilling
School Dist: Cleveland Municipal - 1809
Yr Built: 1920
SqFt Total: 5,708 $/SqFt: $157.67
Map:

Directions: On Detroit West of W. 117th St. and South of Clifton.

Legal/Taxes
Taxes: $6,200 Tax Year: 2023 Assessment: No Homestead:
Legal: 9 SCHILLING 0002 ALL
Annual RE Tax: Zoning:
General Information
Approx Fin SqFt: 5,708
Office SqFt: Lot Size (acre): 0.17 DriveIn Door Max Hgt:
Residential SqFt: Lot Size Source: Auditors Website Drive In Door Min Hgt:
Warehouse SqFt: Lot Size Front: 51 # Dock Doors:
SqFt Max: Stories Abv Gd: 2
# Parking: 12 Cost: Per Month Ceiling Height:
Units 1 Bed: 2 Units 2 Bed: 2 Units 3 Bed: Units 4+ Bed:
Income/Expense
Gross Rent: $6,200 Insurance: $3,775 Additional Exp 1: Legal and fees
Other Income: Management: Amount Exp 1: $1,147
Total Gross Rent: $6,200 Maintenance: $6,750 Additional Exp 2:
Cap Rate: 7 Sewer/Water: $9,776 Amount Exp 3:
Total Annual Exp: $27,812 Trash/Rubbish: Additional Exp 4:
Net Operating Inc: $46,588 Lawn/Snow: Amount Exp 4:
Features
Basement: Yes, Common
Fence: Roof: Asphalt/Fiberglass
Heating: Gas, Hot Water/Steam, Radiators Cooling: Central Air, Window Unit(s)
Water: Public Sewer: Public
Parking: Outside, Paved
Prop Cond: Actual YBT
Addl SubType: Apartments/Retail
Natural Rsrc: Gas
Remarks:
The Bar is offered separately at $350,000 based on 2022 gross receipts of $534,000, confirmed by the Clover POS. The
building will not be sold separately. Based on a $550,000 valuation, the cap rate is 8.5%, calculated by dividing the NOI of
$46,588 by $550,000. The rent and expenses are actual from 2022, not proforma. As is obvious, there is room to raise
rents, for all tenants are MTM. The Hawk, as well is the head shop, record store and four apartments (two 1BR and two
2BR), are in pristine condition, so the new owner can start serving drinks and collecting rent with no additional
investment. All bar employees are excited to stay on with new ownership. The same owners have maintained this
property located a few blocks from Lakewood for 27 years. Improvements over the past ten years include new roof, sky
lights, windows, electrical service, water tanks, AC in bar and retail, and rhino shield. Since 2019, investments include
Clover POS, ice machine, bar sink, coolers and asphalt parking lot. The new boiler was installed in 2024.
Agent/Broker Info
List Agent: Teri G Chmielewski (2002007318) List Office: Keller Williams Greater Metropolitan (2146)
Contact #: 216-407-7249 Office Phone: 216-839-5500
LA Email: tchmielewski@kw.com Office Fax: 216-839-5500
LA License #: OH SAL.2002007318 Brokerage Lic: 2002014655
Co List Agt: Stacy N Nugent (2015003217) Co List Off: Keller Williams Elevate (2717)
Co License #: OH SAL.2015003217 Brokerage Lic: 2005016347
Contact #: 216-299-5092 Co LA Email: stacynuge@gmail.com
Attrib Cnt: 216-839-5500 klrw297@kw.com
Waived Agt: No
Showing
Electronic Lock Box: No Serial #:
Showing Contact: 2165770114 Type: Listing Agent
Showing Remarks: Call Ben Chmielewski at 216-577-0114
Show Address to Client: Yes
Distribution
Internet Listing Y/N: Yes - No AVM Internet Address Y/N: Yes Internet Consumer Comm Y/N: No
Listing/Contract Info
Owner Name: Owner Phone: Owner Agent: No Warranty:
Listing Agreement: Exclusive Right To Sell Listing Service: Full Service
Listing Contract Date: 02/23/2024 Expiration Date: Purchase Contract Date:
Possession: Time of Transfer Orig List Price: $900,000
Occupant: Tenant
Special Listing Conditions: Standard
Buyer Agency Comp: 2.25 %
Other Comp: Other
Comp Explain: 2.25% commision to buyer's agent.
Online Bidding: No
Court Ordered: No
Broker Remarks: Please include Ben and Nicholas Chmielewski on the Agency Disclosure.

Prepared By: Roger L. Nair Information is Believed To Be Accurate But Not Guaranteed Date Printed: 03/06/2024 09:51 AM
Listing information is derived from various sources, including public records, which may not be accurate. Consumers should rely upon their own investigation and
inspections.
MLS: 5019547 11219 Detroit Ave , Cleveland, OH 44102
Mixed Use SqFt: 0 Bsmt: Yes Yr: 1920 Acres: 0.17 $900,000

View of front of home View of front of property View of home's community

View of front of property Bar featuring dark wood-type flooring Hallway featuring dark hardwood / wood-
style flooring and beam ceiling

Bar with dark hardwood / wood-style floors Bar with dark wood-type flooring and ceiling Playroom featuring dark hardwood / wood-
fan style flooring and pool table

Bar featuring dark hardwood / wood-style Bathroom with vanity, tile walls, and wood- Bathroom featuring vanity, toilet, and
floors, hanging light fixtures, and ceiling fan type flooring hardwood / wood-style floors
 View of stairs Game room with bar area, pool table, and Dining room with dark hardwood / wood-
dark hardwood / wood-style floors style flooring and bar area

Dining space with dark hardwood / wood- Living room with wood-type flooring Sitting room featuring radiator heating unit
style flooring and indoor bar and wood-type flooring

Kitchen with dark hardwood / wood-style Full bathroom with shower / bathtub Dining room with dark hardwood / wood-
flooring, stainless steel electric stove, light combination with curtain, toilet, tile walls, style floors, ceiling fan, and radiator
stone counters, fridge, and sink and vanity with extensive cabinet space

Other Hall with light wood-type flooring Office space with light tile floors and crown
molding

Bedroom featuring dark hardwood / wood- Bedroom featuring dark wood-type flooring Hallway featuring radiator and carpet
style floors flooring
Corridor with brick wall, dark colored carpet, View of balcony Wooden balcony with a deck
and beam ceiling

Hall with brick wall Staircase featuring carpet flooring View of entryway

View of stairs View of front of home View of vehicle parking

Information is Believed To Be Accurate But Not Guaranteed