Property Description

Waiting to Find the PERFECT Downtown LOFT Office/Professional Unit with Gorgeous Views of the Cleveland Sky Line From the Roof Top Deck and LOADS of Space?? LOOK NO FURTHER! Featuring a Turn Key Loft Unit with a Generous 2,890 Square Feet of Modern Urban Space to SHOWCASE Your Business in Loftworks, one of Downtown Cleveland's Most Desirable Live/Work Eligible Desinations! Loftworks Caters to a Unique Clientele Consisting of Artists, Law Offices, Small Businesses and Elegant Loft Homes...Featuring Condo Units that are Approved for both Full Time Residential Living, Living in Part/Working in Part of the Unit, & can be Operated as a Fully Commercial Space. Fancy a Convenient Work-From-Home Situation...You Absolutely Will Not Find a Better Fit! Run An Accounting Firm/Law Office/Art Gallery? No Problem! Existing Unit Layout was Setup as an Accounting Firm with 6 Individual Private Luxury Office Spaces that are Setup for Immediate Use! Unit was just Fully Painted and Looks Incredible! Kitchen is Updated, Featuring Beautiful Granite Counters and New Stainless Steel Appliances on the Way Shortly! Suite has a Full Studio Apartment Adjacent with Full Bath and Space to Add Laundry. 2 Half Baths Add Convenience for Clients & Guests! This is the PERFECT Live/Work Unit! Loftworks Offers Gated Off-Street Parking with One Dedicated Parking Spot for this Unit and Plenty of Additional Off-Street Visitor/Guest Spots! Building is Secured with Automatic Magnetic Locks that Require Either a Key Fob or Entry Code to Enter, so Security is the Priority! Association Takes Care of Water/Sewer Bills, All Exterior & Common Area Maintenance...so Headaches are Minimized! This is a Vibrant Building with a Caring and Dedicated Association that Takes Meticulous Care of the Property! Make This Your DREAM Home OR Create the Perfect Work Space to Inspire the Next Chapter of Your Success! Don't Miss Your Chance...Opportunity Rarely Knocks Twice! Owner Financing Available for Well Qualified Borrowers.

1667 E 40th Street | MLS# 5183112

This commercial property located at 1667 E 40th Street, Cleveland, OH 44103 is currently listed for sale with an asking price of $299,500. E 40th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business

Basement: None

Cooling: Central Air

Days on Market: 6

Heating: Forced Air

Lot Size: 0.07 Acres

Roof Type: Flat, Rubber

Taxes: $10,285 / year

Year Built: 1908

Feature Descriptions

Building Features: Freight Elevator

Parcel#: 104-27-303

Parking: Assigned, Guest, On Site, Off Street

Sewer: Public Sewer

Units: 1

Utilities: Fiber Optic Available

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1667 E 40th Street, Cleveland, OH 44103

Fips

Fips Code 39035

Population

2020 to 2023 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2023 Estimate (V2023) 1,233,088

2020 Estimate (V2023) 1,264,775

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 20.3%

18 to 64 54.8%

65 and Older 19.6%

Gender

Male 48.1%

Female 51.9%

Place of Birth

Foreign 7.6%

US 92.4%

Education

High School Graduate, Age 25+ 90.9%

Bachelor's Degree or Higher, Age 25+ 35.2%

Computer and Internet use

Households with a computer 92.0%

Households with a broadband Internet subscription 85.7%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 60,427

Income

Per Capita Income $39,807

Median Household Income $60,074

People in Poverty 16.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 552,421

Average Household Size 2.23

Owner-Occupied 58.4%

Multi-Family 34.9%

Owner-Occupied Median Value $168,700

Median selected monthly owner costs -with a mortgage $1,472

Median selected monthly owner costs -without a mortgage $630

Median gross rent $952

Building Permits

New Private Housing Issued 2023 1,028

Years at Residence

1 Year or More 86.1%

Less Than 1 Year 13.9%

Business and Employment

Private non-farm Establishments 31,738

Private non-farm Employment 631,443

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 105,877

Number of Firms 114,192

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

1667 E 40th StreetCleveland, OH 44103