Cleveland · Commercial sale
KRP Ravenna buys 5841 Broadway Ave in Cleveland for $3.4 million
A shopping center at 5841 Broadway Ave, Cleveland sold for $3,400,000 on November 2, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $3,400,000
- Sold
- November 2, 2026
- Property type
- Shopping center
- Building area
- 131,976 sq ft
- Price per sq ft
- $26
- Year built
- 1988
The shopping center at 5841 Broadway Ave in Cleveland sold for $3,400,000, 38% above its recorded market value of $2,470,100. The Cuyahoga County Fiscal Officer's transfer records date the sale to November 2, 2026.
The record lists Mid-National Investment Co., LLC as the seller and KRP Ravenna LLC as the buyer.
Cuyahoga County Fiscal Officer's records show 131,976 square feet of building area, a build year of 1988 and a 2.84-acre lot. The price works out to $26 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Cuyahoga County?
By our estimate, the seller's two largest charges, not counting prorations, were $13,600 for the real property conveyance fee (state $1 + county permissive $3 per $1,000) and $5,757.50 for the owner's title insurance policy. Who pays what follows Cuyahoga County custom.
How much did the seller net?
By our estimate, the seller netted about $3,337,491. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $3,363,385 at closing. That covers the full price and closing costs.
Source: Cuyahoga County Fiscal Officer, parcel transfer records (Cuyahoga County GIS), document 12526014-20261102. Property details: Cuyahoga County Fiscal Officer. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
