37931 Vine Street Willoughby Hills, OH 44094

This mixed-use property in Willoughby Hills offers an investment opportunity with a historically maintained brick triplex and a 7,200 square foot commercial building. The property includes stabilized residential income, flexible commercial space, and a custom-built luxury residential loft, all situated on a single parcel with off-street parking. The front brick triplex is fully leased and features three updated units with rental history. Unit 1 has two bedrooms, one bath, an updated kitchen and bath, and in-suite laundry, and is currently rented for $1,450 per month. Unit 2 is a fully updated one-bedroom, one-bath unit rented for $1,200 per month. Unit 3 is a fully updated one-bedroom, one-bath unit rented for $1,300 per month. The gross residential income is $3,950 per month, or $47,400 annually. All new HVAC systems and hot water tanks are installed. The rear 7,200 square foot building offers flexibility. The lower level is currently operating as a furniture upholstery business and includes warehouse space, a private office, gym area, two oversized garage areas with doors, a bathroom, and laundry. The seller prefers to lease back the lower-level commercial space. Above the commercial space is a 1,650 square foot custom residential loft featuring high-end finishes, an open-concept layout, laundry, and a spacious rooftop deck overlooking downtown Willoughby. The property is located on a 0.4488-acre lot. This property is suitable for investors seeking diversified income, an owner-operator looking to live above their business, or a buyer seeking long-term value in one of Lake County's vibrant and walkable downtown districts.