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Mixed-Use Property with Service Garage
For Sale
$1,700,000

5333 Lorain Avenue, Cleveland, OH 44102

A separate storefront and two apartments complement the office and commercial service garage.

Property SizeContact for details
Days on Market692

Property Features for 5333 Lorain Avenue

General Information

Standard status Active
Property subtype Mixed Use

Site & Location

Neighborhood Detroit-Shoreway
Mixed-Use Components office, retail, residential

Additional Details

Real Estate Included Yes

Taxes and HOA fees

Annual Taxes $11,201

Building Details

Year Built 1978
Listing Agency: Life Stages Realty LLC
Listed By: Nicolette Kuebeler · License #2022002552
Source: Lifestagesrealty
Added: Dec 4, 2024 Changed: Oct 26 Last Checked: Oct 26 at 3:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Life Stages Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines an office building and commercial service garage with a separate retail storefront and two residential apartments. Built in 1978, the property sits on just over 1 acre.

The site is on Lorain Avenue between W. 53rd and W. 55th streets in Cleveland’s Detroit Shoreway neighborhood, west of downtown.

Key Highlights

  • Just over 1 acre on Lorain Avenue
  • Office building and commercial service garage
  • Separate retail storefront

Property Analytics

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Current Use

Diversified Auto Sales ... Car Dealership Irish Plumbing Plumbing Service Das Credit Center Car Dealership

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Spa & Massage Center Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

874
Businesses Nearby

Demographics for 44102, OH

43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019
8.5% 2020
7.2% 2021
6.9% 2022
6.7% 2023
6.9% 2024
7.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A separate storefront and two apartments complement the office and commercial service garage.
Where is this mixed-use property located?
The property is located at 5333 Lorain Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Just over 1 acre on Lorain Avenue; Office building and commercial service garage; Separate retail storefront
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