5217 Broadway Avenue, Loveland, OH 44127 - Photo 1

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$900,000 -$50,000 (-5.26%) Price Reduced

For Sale
Active
Commercial Service
Updated 1 day ago

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Property Description

Rare one-acre redevelopment opportunity in Cleveland's urban core! This unique offering combines six site-assembled parcels totaling approximately 1.01 acres (.86 + .15), zoned Local Retail Business (LR-C2). Perfectly positioned adjacent to NRP Group's brand-new 5115 The Rising community, featuring 88 affordable apartment and townhome units. Enjoy excellent access and visibility with close proximity to I-77, I-490, and direct connection to the $350M Opportunity Corridor, offering seamless access to Downtown Cleveland and just 10 minutes to the Cleveland Clinic and University Circle. Two buildings-5311 Magnet and 5243 Broadway-are currently occupied with an attached rent roll, providing immediate income potential while planning redevelopment. A truly rare chance to invest in Cleveland's next wave of urban revitalization!

Full Property Details

Full Property Details for 5217 Broadway Ave

General

Price: $900,000
Taxes: $10,879 (2024)
Status: Active
Type: Commercial Service
Source: 505
MLS ID: 5166853
Updated: 4/1/2026
Added to Site: 157 day(s) ago

Business

Business Type: Auto Service

Location

County: Cuyahoga
Township: Cleveland
Subdivision: Caleb & Mary D Morgans
Driving Directions: Downtown Cleveland. East of I-77.

School Information

Elem School District: Cleveland Municipal - 1809
Midd School District: Cleveland Municipal - 1809
High School District: Cleveland Municipal - 1809

Heating & Cooling

Heating Type: Hot Water, Steam

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Current Bldg. Use: Multi-Family, Residential, Single Family
Year Built: 1915
Year Built Source: Public Records

Lot Features

Lot Size (Acres): 0.991
Lot Size: .991
Lot Size Source: Assessor

Financial Considerations

Tax Amount: $10,879
Tax Year: 2024
Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

Special Conditions: Standard
Legal Description: 320 MORGAN 0048 ALL
Property ID: 123-23-026

Listed by Russell Real Estate Services, Tal Tamir

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Listing agent

— 5217 Broadway Ave —

Tal Tamir

Russell Real Estate Services

tal@premierclevelandinvesting.com, 216-870-8687

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Schools

Schools serving 5217 Broadway Ave

School District:Cleveland Municipal School District

Name	Grades	Distance
Anton Grdina 2955 East 71st Street, Cleveland, OH 44104	PK-8	1 mi
East Technical High School 2439 East 55th Street, Cleveland, OH 44104	9-12	1.6 mi
Alfred A. Benesch School 5393 Quincy Avenue, Cleveland, OH 44104	K-8	1.7 mi
George Washington Carver 2200 East 55th Street, Cleveland, OH 44103	PK-8	2 mi
Marion-Sterling Elementary School 3033 Central Avenue, Cleveland, OH 44115	PK-8	2 mi
Luis Munoz Marin School 1701 Castle Avenue, Cleveland, OH 44113	PK-8	2.1 mi
Miles Park School 4090 East 93rd Street, Cleveland, OH 44105	PK-8	2.2 mi
Scranton School 1991 Barber Avenue, Cleveland, OH 44113	PK-8	2.2 mi
Nathan Hale School 3588 Martin Luther King Junior Drive, Cleveland, OH 44105	PK-8	2.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5217 Broadway Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/01/2026

Price Reduced

$900,000

-5.26%

MLS

10/27/2025

Listed

$950,000

493.75%

MLS

9/07/2017

Sold

$160,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 5217 Broadway Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$419

—

$4,060

—

2023

$419

$4,060

—

2022

$405

—

$4,060

—

2021

$406

-4%

$4,060

—

2020

$422

$4,060

—

2019

$397

$4,060

—

2018

$387

67%

$4,060

78%

2017

$232

—

$2,280

—

2016

$232

—

$2,280

—

2015

$232

-19%

$2,280

-20%

2014

$286

$2,840

—

2013

$281

—

$2,840

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 5217 Broadway Ave

5217 Broadway Avenue, Loveland, OH 44127 (MLS# 5166853) is a Commercial Service property. 5217 Broadway Avenue is currently listed for $900,000 and was received on October 27, 2025. Want to learn more about 5217 Broadway Avenue? Do you have questions about finding other Commercial Service real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

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5217 Broadway Ave Loveland, OH 44127