Mixed-Use Building with
15557 Lake Shore Boulevard Cleveland, OH 44110
For Sale
$399,900
SINGLE_FAMILY - Cleveland, OH
Lot Size0.15 Acres
Days on Market48
Property Features for 15557 Lake Shore Boulevard
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Standard status
- Active
- APN
- 112-14-025
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 16 S/L 1 TO 3 SP EST .14A 11214026
- Tax Annual Amount
- 6701
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 5
- Roof type
- Flat
Listing Agency:
Keller Williams Greater Metropolitan
(216) 839-5500
Listed By:
Jermaine R Burge · License #2019000071
(216) 215-5727
Added: Jun 8
Changed: Jun 9
Last Checked: Jul 25 at 1:06AM
MLS# 5217231
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Investment Insights
Based on property information with market context.
This fully occupied mixed-use building offers a diversified income setup with three residential units and two commercial storefronts. The residential portion includes two 2-bedroom units and one 1-bedroom unit, and the property is described as well maintained with tenants in place. The commercial storefronts provide additional ongoing rental income from established tenants, and the listing notes current rents generating over $54,000 in gross annual income, with an estimated 9% cap rate at the asking price.
The property includes rear lake views, a feature called out as a differentiator for the asset. The listing also indicates the location provides convenient access to local amenities, shopping, dining, and major transportation routes.
Being sold as-is, this configuration is intended to support immediate income while requiring consideration for any future capital needs based on the property’s condition at the time of purchase.
The property includes rear lake views, a feature called out as a differentiator for the asset. The listing also indicates the location provides convenient access to local amenities, shopping, dining, and major transportation routes.
Being sold as-is, this configuration is intended to support immediate income while requiring consideration for any future capital needs based on the property’s condition at the time of purchase.
Key Highlights
- Mixed‑use building with 3 residential units and 2 commercial storefronts, fully occupied
- Residential unit mix: two 2‑bedroom units and one 1‑bedroom unit
- Current gross annual income over $54,000 and estimated 9% cap rate at the asking price
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Mixed-use property - Fully occupied mixed-use property with three residential units and two commercial storefronts generating $54,000+ gross annually.
Where is this mixed-use property located?
The property is located at 15557 Lake Shore Boulevard Cleveland, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Mixed‑use building with 3 residential units and 2 commercial storefronts, fully occupied; Residential unit mix: two 2‑bedroom units and one 1‑bedroom unit; Current gross annual income over $54,000 and estimated 9% cap rate at the asking price
