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    14321 Detroit Ave Lakewood, OH 44107

    Sponsored
    For Sale
    $1,700,000

    Historic church, 29,064 sq ft, .8 acres

    Property size:
    29,064 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 29,064 square foot property, situated on a 0.8-acre lot in the heart of desirable Downtown Lakewood, Ohio, presents a unique redevelopment opportunity. The main structure, a historic church built in 1922, retains its original charm with custom stained glass, woodwork, hardwood floors, and a church organ. The expansive chapel can comfortably accommodate 250-300 people and is complemented by several offices and community/meeting rooms. A 1950s addition, formerly used as a school and daycare, includes classrooms, storage rooms, and offices. An annex, added around 1970, is connected to the east side of the church via a courtyard/playground and is currently leased to an independent daycare. The basement, a former church gym, is under a month-to-month lease with a fitness business. The property also features approximately 38 parking spaces and a small garage. Located on Detroit Avenue between Lincoln Avenue and Olivewood Avenue, this property benefits from its prime location in Lakewood, a vibrant inner-ring suburb of Cleveland with a population exceeding 50,000. Lakewood is renowned for its walkability, acclaimed restaurants, breweries, shops, and thriving arts and culture scene. Its proximity to Downtown Cleveland and the airport adds further appeal. The property's rich history and substantial size offer significant potential for adaptive reuse or redevelopment. Further details are available upon request. Please respect the property and its current occupants

    Property Features for 14321 Detroit Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    29,064 SF
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1922
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.79426
    Latitude
    41.48519

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    FAQs

    What type of property is this?
    Commercial real estate - Historic church, 29,064 sq ft, .8 acres
    Where is this commercial real estate located?
    The property is located at 14321 Detroit Ave Lakewood, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (440) 546-1313
    Request Owner's contact information
    14321 Detroit Ave Lakewood, OH 44107
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    Lakewood, OH 44107
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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
    14321 Detroit Ave Lakewood, OH 44107
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