6-Unit Mixed-Use
New
For Sale
$425,000
7221 Lorain Avenue, Cleveland, OH 44102
CommercialSale, Cleveland, OH
Property SizeContact for details
Lot Size0.21 Acres
Days on Market2
Property Features for 7221 Lorain Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
10
Parking features
Alley
Subdivision
Hoyt
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
West of West 65th st, East of west 72nd.
Standard status
Active
APN
006-11-018
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
residential, commercial
Taxes and HOA fees
Tax Year
2025
Tax Description
33HOYT S/L 424 ALL 0425 ALL
Tax Annual Amount
5826
Legal Description
33HOYT S/L 424 ALL 0425 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
updated bathrooms
in-unit laundry
large fenced rear parking area
Building Details
Year built
1924
Number of units
6
Listing Agency:
Century 21 Homestar · Century 21 Real Estate
(440) 449-9100
Listed By:
Peter Spirollari · License #2005002337
(216) 235-8297
Added: Oct 27
Last Checked: Oct 28 at 3:06AM
MLS# 5255565
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1924 mixed-use building contains six occupied spaces: three apartments and three commercial storefronts. The residential units have updated bathrooms and in-unit laundry. A basement and forced-air heating are also part of the property.
The building is at 7221 Lorain Avenue in Cleveland. The 0.2121-acre parcel includes a fenced parking area behind the building, with alley access. Public water and public sewer serve the property.
The building is at 7221 Lorain Avenue in Cleveland. The 0.2121-acre parcel includes a fenced parking area behind the building, with alley access. Public water and public sewer serve the property.
Key Highlights
- Six occupied spaces: three apartments and three commercial storefronts
- 0.2121‑acre parcel at 7221 Lorain Avenue
- Residential units feature updated bathrooms and in‑unit laundry
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments and three storefronts are occupied, with in-unit laundry in the residential units.
Where is this mixed-use property located?
The property is located at 7221 Lorain Avenue 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: Six occupied spaces: three apartments and three commercial storefronts; 0.2121‑acre parcel at 7221 Lorain Avenue; Residential units feature updated bathrooms and in‑unit laundry
