15705 Lorain Ave Cleveland, OH 44111

Listing agency Hanna Commercial Real Estate Cleveland Show Phone

Listed by John Lubinski · License #OH 2019006622

Source Crexi

Added: Jun 1 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:16AM

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Investment Insights

Based on property information with market context.

This completely renovated mixed-use property includes two retail commercial spaces and three residential units. The residential component consists of two 2-bedroom apartments and one 1-bedroom efficiency, providing a compact mix of income-producing uses. The building also offers 9 dedicated parking spots, supporting tenant and customer access.

Located at 15705 Lorain Ave in Cleveland, OH 44111, the property is positioned on Lorain Ave with reported traffic of 13,000 vehicles per day (VPD). The asset is being marketed for both sale and lease, with existing residential and retail income structures reflected in the offering.

For tenants and operators, the combination of street-facing retail space with on-site apartment units can support multiple leasing strategies within one building. Current stated rent figures include the 2-bedroom apartments at $1,200/month plus utilities, and the retail commercial spaces at $1,500/month plus utilities. The property is also presented with annual gross rents of $70,500, aligning the residential and retail components under a single ownership and management structure.

Key Highlights

• Mixed‑use building with retail space and apartments on a high‑traffic corridor with 13,000 VPD on Lorain Ave
• Completely renovated property
• Includes 2 retail commercial spaces at $1,500/month plus utilities

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FAQs

What type of property is this?

Mixed-use property - Completely renovated mixed-use building with retail spaces and apartments along a high-traffic corridor.

Where is this mixed-use property located?

The property is located at 15705 Lorain Ave Cleveland, OH.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Mixed‑use building with retail space and apartments on a high‑traffic corridor with 13,000 VPD on Lorain Ave; Completely renovated property; Includes 2 retail commercial spaces at $1,500/month plus utilities