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Renovated Mixed-Use Building
New
For Sale
$950,000

8403 Detroit Avenue, Cleveland, OH 44102

CommercialSale, Cleveland, OH

Property SizeContact for details
Lot Size0.09 Acres
Days on Market5

Property Features for 8403 Detroit Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Corner of Detroit and 84th
Standard status Active
APN 002-20-010
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 29 RHODES V15-P2 0001 NP
Tax Annual Amount 5717
HOA Fee $1,400 Annually
Legal Description 29 RHODES V15-P2 0001 NP

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1910
Number of units 8
Roof type Flat
Listing Agency: RE/MAX Above & Beyond · RE/MAX International
Listed By: Angela P Giarikos · License #2006001871
Added: Sep 14 Changed: Sep 16 Last Checked: Sep 18 at 12:06PM
MLS# 5241154

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.

Investment Insights

Based on property information with market context.

Built in 1910, this mixed-use building combines five residential units with three retail storefronts. The apartment mix includes three one-bedroom units and two efficiency units, while all residential and retail spaces are leased. Residential leases extend through 2027, and the retail commitments run through 2029.

Recent improvements include a new roof, HVAC systems, electrical and plumbing upgrades, and renovated interiors. Natural gas heating serves the property, with public water and public sewer in place. Tenants pay their own utilities. The building is located at 8403 Detroit Avenue in Cleveland, with access to downtown, major highways, and Edgewater Park.

Key Highlights

  • Five residential units: three one‑bedroom apartments and two efficiency units
  • Three occupied retail storefronts with leases extending through 2029
  • Residential leases in place through 2027

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Nail Salon Electrical Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

657
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully updated property combines leased apartments with occupied retail storefronts and public utility services.
Where is this mixed-use property located?
The property is located at 8403 Detroit Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five residential units: three one‑bedroom apartments and two efficiency units; Three occupied retail storefronts with leases extending through 2029; Residential leases in place through 2027
More about this property
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