Mixed-Use Investment in Willoughby
37931 Vine Street, Willoughby Hills, OH 44094
MULTI_FAMILY - Willoughby Hills, OH
Property size:
7,200 SFLot size:
0.45 AcresPrice / SF:
$138/SF- Added:
- Mar 2, 2026
- Days on Market:
- 92
- Last Refresh:
- Jun 2 at 3:06 pm
Property Features for 37931 Vine Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 7
- Rooms
- Bedroom 5, Bathroom 6, Bathroom 5, Basement, Bathroom 7, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
- Parking features
- Driveway
- Standard status
- Active
- APN
- 27-B-036-0-00-020-0
- Size
- 7,200 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GORE TRACT PART OF LOT 86
- Tax Annual Amount
- 10916
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Fiberglass, Asphalt
Listing agent Julie A Marous License #2014001453 (440) 479-4681
Listing office Berkshire Hathaway HomeServices Professional Realty 6814 Detroit Avenue, Mentor, OH (216) 970-0164
Listing date Mar 2, 2026
MLS# 5190174
Listing URL
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
This mixed-use property in Willoughby Hills offers an investment opportunity with a historically maintained brick triplex and a 7,200 square foot commercial building. The property includes stabilized residential income, flexible commercial space, and a custom-built luxury residential loft, all situated on a single parcel with off-street parking. The front brick triplex is fully leased and features three updated units with rental history. Unit 1 has two bedrooms, one bath, an updated kitchen and bath, and in-suite laundry, and is currently rented for $1,450 per month. Unit 2 is a fully updated one-bedroom, one-bath unit rented for $1,200 per month. Unit 3 is a fully updated one-bedroom, one-bath unit rented for $1,300 per month. The gross residential income is $3,950 per month, or $47,400 annually. All new HVAC systems and hot water tanks are installed. The rear 7,200 square foot building offers flexibility. The lower level is currently operating as a furniture upholstery business and includes warehouse space, a private office, gym area, two oversized garage areas with doors, a bathroom, and laundry. The seller prefers to lease back the lower-level commercial space. Above the commercial space is a 1,650 square foot custom residential loft featuring high-end finishes, an open-concept layout, laundry, and a spacious rooftop deck overlooking downtown Willoughby. The property is located on a 0.4488-acre lot. This property is suitable for investors seeking diversified income, an owner-operator looking to live above their business, or a buyer seeking long-term value in one of Lake County's vibrant and walkable downtown districts.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- Willoughby Hills
- County
- Lake
- State
- Ohio
- Longitude
- -81.409543
- Latitude
- 41.642958
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential, commercial, and loft spaces.
Where is this mixed-use property located?
The property is located at 37931 Vine Street Willoughby Hills, OH.
What is the asking price?
The asking price for this property is $995,000.
