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    6318 Lorain Ave Cleveland, OH 44102

    For Sale
    $99,500

    COMMERCIAL - Cleveland, OH

    Lot size:
    0.09 Acres
    Days on Market:
    160
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 6318 Lorain Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    002-27-005
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1920

    Coldwell Banker Schmidt Realty (440) 572-0220 [email protected]

    Listing agent Christopher A Frederick (216) 210-7653 License #426983

    Listing date Jul 8, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleveland Commercial Investment Opportunity

    Located in a rapidly redeveloping corridor of Cleveland, this commercial investment opportunity features two adjoining properties. The property at 6318 Lorain Ave, formerly Carey Funeral Home, is a 3,090 sq ft colonial-style building offering a mix of commercial and residential space. The first floor, formerly a funeral home, includes spacious rooms and two full baths. The upper level features a full living area with four bedrooms, a living room, dining room, kitchen, and office, suitable for owner-occupancy, rental income, or future conversion. The basement includes a laundry area, half bath, and additional storage. The property includes a concrete parking lot with multiple access points beyond Lorain Ave, a wheelchair ramp, a covered back deck, and on-site parking. Situated across from a city recreation center with playing fields and basketball courts, and near the Lorain M-Tain station with a planned bike lane, the property benefits from foot traffic and visibility. The neighboring property at 6330 Lorain Ave, formerly a clinic, is also available, and the seller prefers to sell both properties together, offering an opportunity to expand a footprint in a thriving commercial corridor. This property is positioned for business ventures, mixed-use projects, or as an income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carey Funeral Home Funeral Home

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walter's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.729401
    Latitude
    41.475173

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    FAQs

    What type of property is this?
    Storefront property - Two adjoining commercial properties in a rapidly redeveloping Cleveland corridor.
    Where is this storefront property located?
    The property is located at 6318 Lorain Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $99,500.
    What are key features of this property?
    This property features: - Prime commercial location in a rapidly redeveloping corridor with high visibility and foot traffic.; - Versatile 3,090 sq ft colonial-style building suitable for various uses (business, mixed-use, rental, owner-occupancy).; - Ample on-site parking with multiple access points, a wheelchair ramp, and a covered back deck.
    (216) 210-7653
    Request Owner's contact information
    6318 Lorain Ave Cleveland, OH 44102
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    Cleveland, OH 44102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6318 Lorain Ave Cleveland, OH 44102
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