Industrial-Commercial Land Bank in Cleveland
The Industrial-Commercial Land Bank was established in 2005 by the City as a proactive approach to reusing properties with serious real estate obstacles, such as environmental contamination and/or economic hardships.
This land bank provides the opportunity for the City to strategically assemble properties to attract businesses and create long-term economic and community investments.
The City evaluates specific real estate characteristics to select properties for the Land Bank. Once identified, the City aggressively pursues redevelopment activities including assessments, acquisition, demolition and environmental cleanup. The results are ready-to-build land for expanding or new businesses.
Several properties have been cleaned up and are now ready for sale. The former Midland Steel site is located at West 110th and Madison Avenue on the city’s west side, not far from the Trinity site.
The old Asphalt Plant site is also available on an”as-is” basis and could be easily used for an industrial company.