55 Public Square, Cleveland, OH 44113
Downtown Cleveland, Cleveland
Nearby Active Listings
Welcome to 55 Public Square, a building located in Downtown Cleveland, Cleveland in Cleveland, OH.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 1956.
This is a relatively tall building with a total of 23 floors.
Finally, 55 Public Square was most recently sold on Jan 5, 2021 for $14,000,000.
The market value for the land that the building sits on has been listed at $6,935,900.
In addition, improvements upon the building have an added value of $13,103,600.
In total, the total market value of the property as a whole is $20,039,500.
According to local assessors, the total value of the building is currently valued at $7,013,825.
Specifically, the value of the land that the property sits on has been assessed at $2,427,565.
The building was last assessed in 2022.
There are another one buildings located on the same land that 55 Public Square was built on.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
Effective Year Built
1970
Bathroom Plumbing Fixtures
347
Building Condition
Average
Exterior Walls Type
Other
Interior Walls Type
unknown
Roof Cover Type
Composition shingle
Business/Commerical Units Count
1,983
Basement Type
Full basement
Garage Square Area
11,740
Location Influence Type
unknown
Building
Building Type
Fireproof structural steel frames/Non-combustible materials
Standard Land Use Code
Commercial office (general)
County Land Use Code
unknown
State Land Use Code
unknown
Legal Description 1
S/L 19 TO 21 FF 202.86 D 287.00 1.39609AC OL 57/58/59 ADDITIONAL PARCELS 10107006 AND 10707007 2010S/R PORTION ADDED TO ROAD
Ownership
Current Owner
KD 55 PUBLIC SQUARE LLC
Current Owner's Name
KD 55 PUBLIC SQUARE LLC
Previous Owner
OPTIMA 55 PUBLIC SQUARE LLC
Previous Owner's Name
OPTIMA 55 PUBLIC SQUARE LLC
Owner Before Previous Owner
55 PUBLIC SQUARE LLC
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Cleveland Municipal School District
School Tax School District
CLEVELAND MSD
Census - Combined Statistical Area - Area Code
184
Census - Combined Statistical Area - Area Name
Cleveland-Akron-Canton, OH
Census - County FIPS
39035
Census - Full FIPS
390351077011017
Census - Metro Micro Statistical Area - Area Code
17460
Census - Metro Micro Statistical Area - Area Name
Cleveland-Elyria, OH
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3916000
Census Source
US Census Bureau
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3904378
School District - Unified - Name
Cleveland Municipal School District
Geography
Assessors Map Reference
101-07
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-02-02 01:25:49
More About The Building
In total, the building area is listed as 689,305 square feet.
The depth of the property lot was measured at 2,870 square feet and the front at 2,030 square feet.
The building itself has 689,305 square footage of total floor area.
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 55 Public Square is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the Downtown Cleveland area have a median price of $2,300.
Those in the 25th percentile, have a price around $2,071.
While those in the 75th percentile, have a price around $4,063.
Typically, the buildings in this area have a median sqft of 1,191.
That means that the median price per sqft is around $2.
In other words, the price per sqft for buildings in the 25th percentile is $2.
While the price per sqft for buildings in the 75th percentile is $2.
As a breakdown, we've included the following stats:
- There are currently no studio listings being advertised in the area.
- There are currently no one bedroom listings being advertised in the area.
- There are currently a total of 5 two bedroom listings.
The median price for these types of listings is $2,095.
That's $1.68 price per sqft.
- There are currently a total of 3 three bedroom listings.
The median price for these types of listings is $6,200.
That's $2.29 price per sqft.
- There are currently no four bedroom listings being advertised in the area.
About The Area
55 Public Square is located in Cuyahoga County, Ohio.
There are 1,258,710 people living here.
There are 534,559 households.
Most of these households have an average family size of 3.07 people.
According to the census, 41% are currently renting while 59% own their homes.
The median age of this population is around 40.4 years old.
On average, most folks in the county are unmarried.
About 11% of folks speak a language other than English in this area.
The area's employment rate is currently around 57.1%.
Speaking of employment, the median income is $45,289.
Most folks will commute by car for around 24.3 minutes.
Finally, we know that 28% of residents in the area have graduated with their high school degree.
Additionally, 18% and 13% have their Bachelor's and Master's degree, respectfully.
Moving on to the urban area level.
Cleveland, OH Urban Area has a population of 1,766,126 people.
Based on census records, there are 737,025 registered households.
Families in this area are on average made up of 3.06 people per household.
Most folks are unmarried.
They are also typically around 41.1 years old.
Does diversity matter to you? Right now, 10% of folks speak a language other than English here.
About 36% rent while 64% purchased their homes.
Right now, the community is made up of 28% of residents who have graduated with at least a high school degree.
On top of that, 19% have a Bachelor's degree and 13% have a Master's degree.
The employment rate is currently around 59%.
Those employed, have a median income of $51,087.
If you move here, you can expect to commute mostly by car for around 24.7 minutes.
PUBLIC TRANSIT
W 3RD ST & FRANKFORT AV
(Under 500 ft - 3 min walk)
Greater Cleveland Regional Transit Authority
ST CLAIR AV & W 3RD ST
(Under 500 ft - 3 min walk)
Greater Cleveland Regional Transit Authority
St. Clair Ave. & W. 3rd St. (NE Corner)
(Under 500 ft - 3 min walk)
Laketran
St. Clair Ave. & W. 3rd St. (SW Corner)
(Under 500 ft - 3 min walk)
Laketran
ONTARIO ST & ROCKWELL AV
(Under 500 ft - 3 min walk)
Greater Cleveland Regional Transit Authority
Nearby Schools
(within attendance boundary)
2160 Payne Ave, Cleveland, OH 44114
Public
•
Elementary
•
Grades KG to 8
Cleveland Municipal School District
601 Erieside Ave, Cleveland, OH 44114
Public
•
High School
•
Grades 9 to 12
Cleveland Municipal School District
1440 Lakeside Ave E, Cleveland, OH 44114
Public
•
Secondary School
•
Grades 9 to 10
Cleveland Municipal School District
School zoning information and other data are provided by
RealtyHop Schools and 3rd party sources.
The contents of the database are not guaranteed to be accurate or timely.
Contact the schools or districts before making any decisions using on this data.