9815 Lorain AVE, Cleveland, OH 44102
9815 Lorain AVE, Cleveland, OH 44102
9815 Lorain AVE, Cleveland, OH 44102
9815 Lorain AVE, Cleveland, OH 44102
9815 Lorain AVE, Cleveland, OH 44102
9815 Lorain AVE, Cleveland, OH 44102
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$ 399,000
Est. payment | /mo

5,741 Sqft Lot


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$ 399,000
Est. payment | /mo
Save

5,741 Sqft Lot

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.

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

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Peter Spirollari • Century 21 Homestar • petersold@gmail.com, 216-235-8297

NEARBY SCHOOLS & PROPERTIES

Shawana Hanson

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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9815 Lorain AVE