1667 E 40th Street Cleveland, OH 44103

Commercial - Business MLS 5183112 Sold New to the Market
Closed 3000
  • 1667 E 40th Street , Cleveland, OH 44103 Photo 1
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Listed By

Agency Name: VSD Realty, LLC.
Agency Phone: 216-406-1772

Shown By

Agent Name: Mark Talis
Agent Phone: (614) 554-6355
Agency Title: Cutler Real Estate

Contact Mark Talis About This Property

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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.

Property Features

Property Type: Commercial - Business
Basement: None
Cooling: Central Air
Days on Market: 110
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
Parking Notes: 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
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
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

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