Iconic Ohio City Commercial
For Sale
$2,900,000
3800 Lorain Avenue, Cleveland, OH 44113
Legacy property with redevelopment potential in a dynamic urban location.
Property Size40,000 SF
Lot Size0.99 Acres
Price / SF$72.50
Days on Market227
Property Features for 3800 Lorain Avenue
General Information
Standard status
Active
Size
40,000 SF
Lot size
0.99 Acres
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$19,360
Amenities
3
Parking.
Lot.
Building Details
Year Built
1900
Listing Agency:
Acclaimed Realty
(440) 755-9021
Listed By:
Nick Reyes · License #BRKP.2024003343
(440) 755-9021
Source:
Xome
Added: Jan 9
Changed: Aug 23
Last Checked: Aug 21 at 8:06AM
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 Acclaimed Realty
Investment Insights
Based on property information with market context.
Offered for the first time, the property at 3800 Lorain Avenue is a commercial property in Ohio City. This property has been home to the Fridrich Bicycle Shop since 1883, and has been a cornerstone of the neighborhood for over 140 years. The property comprises seven contiguous parcels totaling just under one acre, positioned along the high-visibility Lorain Avenue corridor. The existing structure encompasses approximately 40,000 square feet, providing scale for adaptive reuse, redevelopment, or continued commercial operation. The site benefits from strong surrounding retail, residential density, and ongoing investment throughout Ohio City. The property is located in one of Cleveland’s dynamic districts. The property offers scale, frontage, and historical significance and could be used as a mixed-use redevelopment, creative commercial conversion, or preservation of a long-standing business legacy.
Key Highlights
- Prime location on high‑visibility Lorain Avenue in Ohio City, a rapidly evolving district.
- Substantial 40,000 square foot structure suitable for adaptive reuse, redevelopment, or continued commercial operation.
- Large contiguous land area of just under one acre comprising seven parcels.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,524
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Legacy property with redevelopment potential in a dynamic urban location.
Where is this mixed-use property located?
The property is located at 3800 Lorain Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime location on high‑visibility Lorain Avenue in Ohio City, a rapidly evolving district.; Substantial 40,000 square foot structure suitable for adaptive reuse, redevelopment, or continued commercial operation.; Large contiguous land area of just under one acre comprising seven parcels.
