Mixed-Use Retail and
For Sale
Contact for pricing
15705 Lorain Ave, Cleveland, OH 44111
Completely renovated mixed-use building with retail spaces and apartments along a high-traffic corridor.
Property Size7,200 SF
Price / SF$59.03
Days on Market97
Property Features for 15705 Lorain Ave
General Information
Standard status
Active
Size
7,200 SF
Class
B
Total Parking Spaces
9
Property subtype
Retail, Multifamily, Mixed Use
Additional Details
Traffic Count
13,000 vehicles/day
Multifamily Units
3
Building Details
Tenancy
Multi
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
John Lubinski · License #OH 2019006622
(216) 861-5105
Source:
Crexi
Added: Jun 1
Changed: Aug 25
Last Checked: Sep 1 at 7:33PM
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 Hanna Commercial Real Estate Cleveland
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
13,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 44111, OH
41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
