
$399,000 USD
Commercial for Sale, 9815 Lorain Avenue, Cleveland, Ohio 44102
- MLS#5217073
632 m² (6,804 ft²)
Listed By CENTURY 21 HomeStar
The Commercial Property for Sale located at 9815 Lorain Avenue, Cleveland, Ohio 44102 is currently for sale. 9815 Lorain Avenue, Cleveland, Ohio 44102 is listed for $399,000.
Property features
Property
- Property size:
632 m² (6,804 ft²)
Lot/Land
- Land/Lot size:
533 m² (5,741 ft²)
Construction
- Year built: 1928
Heating and Cooling
- Heating system: Forced Air
Utilities
- Other utilities: Public Sewer
Description
9815 Lorain Avenue presents a rare opportunity to acquire a landmark mixed-use investment property generating approximately $4,300 per month ($51,600 annually) in gross rental income. Formerly the historic Cleveland Trust Bank Building, this architecturally significant property showcases stunning original details, solid brick and steel construction, and a highly visible location along one of Cleveland's major commercial corridors. The approximately 6,800-square-foot building offers four separate units, including two street-level storefronts and two spacious second-floor suites with private entrances. A comprehensive renovation completed in 2007 included updated plumbing, electrical systems, drywall, and flooring, providing a solid foundation for long-term ownership. The property has been well maintained and features multiple powder rooms, two kitchenettes, a large full basement for storage and a secure gated parking lot. Combining historic character, stable income, flexible occupancy options, and significant investment potential, 9815 Lorain Avenue offers a unique opportunity for investors, owner-users, or those seeking a distinctive mixed-use asset in a growing Cleveland market.
Location
9815 Lorain Avenue, Cleveland, Ohio 44102