Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4134 Lorain Ave Cleveland, OH 44113

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,000

    Mixed-use building in walkable neighborhood, prime for redevelopment.

    Property size:
    4,888 SF
    Lot size:
    0.12 Acres

    Property Features for 4134 Lorain Ave

    General Information

    Size
    4,888 SF
    Lot size
    0.12 Acres

    Source: eXp Commercial - OH Agent Kas Filippova

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ohio City Mixed-Use Building

    Located in the heart of Ohio City, this mixed-use building offers a prime opportunity in one of Cleveland’s most walkable and desirable neighborhoods. The building has 4,888 square feet with a basement. Surrounded by popular bars, restaurants, and thriving local businesses, the property is ready for a full rehab, giving investors the chance to transform it into a high-performing asset. The first floor is well-suited for a restaurant, salon, boutique retail, coffee shop, or fitness studio, while the upper level could be redeveloped as residential apartments or office space. This property is an excellent value-add opportunity for an experienced investor or operator looking to bring new life to one of Cleveland’s most dynamic submarkets.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7142784
    Latitude
    41.480213

    Nearby Similar for Sale

    • New
      $485,000
      0.08 Acres

      Portfolio of Four Cleveland Properties

      Four properties with income potential in Cleveland and Lorain, Ohio.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $148,500
      Pending

      Renovated Tenant-Occupied Triplex For Sale

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • $148,500
      Pending

      Renovated Tenant-Occupied Cleveland Triplex

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • New
      $485,000
      0.08 Acres

      Updated Multifamily Portfolio Opportunity

      Four-property portfolio with income potential and recent updates.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $300,000
      Pending

      Charming Edgewater Duplex with Updates

      Well-maintained duplex in Edgewater with turnkey investment potential.
      10211 Baltic Rd, Cleveland, OH 44102
      View Details
    • $579,900
      0.10 Acres

      Renovated Triplex in Ohio City

      Completely renovated, tax abated triplex near West 25th Street.
      3823 John Ave, Cleveland, OH 44113
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in walkable neighborhood, prime for redevelopment.
    Where is this mixed-use property located?
    The property is located at 4134 Lorain Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Ohio City, a highly walkable and desirable neighborhood.; - **4,888 SF mixed-use building with basement, offering substantial space and versatility.**; - Excellent value-add opportunity for experienced investors to create a high-performing asset.
    (360) 685-4206
    Request Owner's contact information
    4134 Lorain Ave Cleveland, OH 44113
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4134 Lorain Ave
    Cleveland, OH 44113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4134 Lorain Ave Cleveland, OH 44113
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.