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Stabilized Mixed-Use Asset
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15557 Lakeshore Boulevard, Cleveland, OH 44110

Mixed-use property with updated residential units and currently occupied commercial space for diversified income potential.

Property Size7,725 SF
Price / SF$51.65
Days on Market58

Property Features for 15557 Lakeshore Boulevard

General Information

Standard status Active
Size 7,725 SF
Property subtype Retail, Multifamily, Mixed Use

Building Details

Year Built 1900
Tenancy Multi
Listing Agency: Keller Williams Greater Metropolitan
Listed By: Jermaine Burge · License #AZ SA664322000
Source: Crexi
Added: Jun 15 Changed: Aug 8 Last Checked: Aug 11 at 6:03AM

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 Keller Williams Greater Metropolitan

Investment Insights

Based on property information with market context.

15557 Lakeshore Boulevard is a mixed-use property combining residential and commercial components. The residential units have been updated, and the commercial portion is currently occupied, supporting a stabilized income profile. The asset is offered for sale as an investor-focused opportunity, including room for additional value creation through continued management of both components.

The property is located at 15557 Lakeshore Boulevard in Cleveland, Ohio (44110). Its mixed-use structure provides one building with multiple income streams, with existing commercial tenancy alongside updated residential living units.

For investors and owner-operators seeking a manageable, mixed-use setup, this property offers exposure to both residential occupancy and active commercial use within the same asset. The presence of occupied commercial space and updated residential units may help simplify operations compared with unleased start-ups. Buyers looking to add to an existing portfolio or evaluate a multi-income-stream hold can review the building’s current leasing status and residential updates as part of their underwriting.

Key Highlights

  • Mixed‑use property built in 1900 with updated residential units
  • Commercial space is currently occupied
  • Diversified income from residential units and occupied commercial space

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Spa & Massage Center Food Market

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

112
Businesses Nearby

Demographics for 44110, OH

17,617
Population
11,140
Households
1.6
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
4.1 sq mi
ZIP Area
4,297
Density / Sq Mi
$30,973
Median Household Income
$28,263
Median Earnings
$821
Median Rent
$62,600
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property with updated residential units and currently occupied commercial space for diversified income potential.
Where is this mixed-use property located?
The property is located at 15557 Lakeshore Boulevard 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: Mixed‑use property built in 1900 with updated residential units; Commercial space is currently occupied; Diversified income from residential units and occupied commercial space
More about this property
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