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$399,000
Est. payment /mo
5,741 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Jordan
MLS Listing ID 5217073
HOA Y/N No
Year Built 1928
Annual Tax Amount $7,365
Tax Year 2025
Lot Size 5,741 Sqft
Acres 0.1318
Property Sub-Type Mixed Use
Property 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.
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
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Direct Access, Electric Gate, Parking Lot
Water Access Desc Public
Present Use Mixed Use
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 017-01-015
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
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Listed by Peter Spirollari • Century 21 Homestar • petersold@gmail.com, 216-235-8297
Nearby Locations
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Zachary Underwood
Broker | License ID: BRKP.2014000258
Broker License ID: BRKP.2014000258