2197 Murray Hill Road Cleveland, OH $ 2,700,000
2197 Murray Hill Road
$ 2,700,000
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2197 Murray Hill Road

Cleveland, OH, 44106
$ 2,700,000
Bedrooms-- Baths--

Monthly Estimate*

$ 16,624

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Commercial Property for sale in Cleveland, OH

for $2,700,000. This building was built in 1921 on a lot size of 0.339.

Positioned in the heart of Cleveland’s historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy’s renowned dining and arts scene. Whether you’re seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland’s most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.

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Commercial Active

Price

$ 2,700,000

Property Type

Commercial

Taxes

$ 60,018

Style

Lot Size

0.339

Year Built

1921

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5206931

Features
General
Sewer Public Sewer
Heating Hot Water Steam
Possession Negotiable
Roof Asphalt Fiberglass Flat
Year Built 1921
Township Cleveland
Property Subtype Mixed Use
Tax Year 2025
Additional Parcels Description 121-07-007 121-07-005 121-07-004
County Cuyahoga
Property Type Commercial Sale
Attached Garage false
Subdivision Name Euclid Heights
Garage Y/N true
Status Active
Directions South Off Mayfield Rd.
City Cleveland
Disclosures Principal is Real Estate Licensed
High School District Cleveland Municipal - 1809
Zoning Description Commercial
Number Of Units Total 14
Lot Size Units Acres
Tax Annual Amount 60018
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Mixed Use
Legal Description 404 EUCHTS S/L 10 SP 10 E OF ABOVE135.81D 0009 NP
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Interior
Basement (Y/N) true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Detached Garage Parking Lot
Water Source Public
Total Parking 20
Lot Size Area 0.339
Number of Buildings 4
Lot Size Acres 0.339
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Colin Biro

Listing Agent

Century 21 Deanna Realty

Broker

colin@circlehomegroup.com

Email

Affordability Calculator

$21,626
Per Month
77%
23%
0%
Monthly Principal & Interest
$16,624
Monthly Property Taxes
$5,002
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2026$2,700,000 Listed Price

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2197 Murray Hill Road, Cleveland, OH, 44106 is a Commercial Property for sale at $2,700,000 with a lot size of 0.339. 2197 Murray Hill Road was built in 1921. The property's zip code is 44106 which is in Cleveland, OH