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    15200 Lorain Ave Cleveland, OH 44111

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    For Sale
    Contact for pricing

    Prime Retail Redevelopment Opportunity

    Property size:
    34,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional redevelopment opportunity in Cleveland's vibrant Kamm's Corners District. This vacant, 34,250 square foot retail property, situated on a 2.47-acre lot at 15200 Lorain Ave, Cleveland, OH 44111, presents significant potential. The property features two buildings, constructed in 1963 and renovated in 2018, boasting 3-phase/480 amp power, nine drive-ins ranging from 8' to 14' in height, and 14' clear height in the warehouse space. The existing structure includes 3,975 square feet of office and showroom space, plus an additional 2,233 square feet of second-floor office space. The LR-C2 (Local Retail Business District) zoning permits a wide range of retail uses (excluding automotive). The high-traffic location, with 14,000 vehicles passing daily on Lorain Road, and its proximity to I-77 (one mile, three-minute drive), makes this an ideal site for a mixed-use development. The property includes approximately 55,000 square feet of paved parking. APN numbers are 02524030, 02524029, 02524027, and 02524023. This is a rare chance to acquire a substantial property in a thriving commercial district.

    Property Features for 15200 Lorain Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    34,250 SF
    Class
    C
    Lot Size
    107,593 SF

    Building Details

    Year Built/Renovated
    1963/2018
    Buildings
    2

    HighLights

    • Retail or mixed‑use redevelopment opportunity.
    • Approx. 55,000 SF paved parking lot.
    • Warehouse features 3‑phase 480‑amp power, nine drive‑in doors (8'-14' high), and 14' clear height; includes 3,975 SF of office/showroom space plus 2,233 SF of second‑floor office space.
    • High traffic count: 14,000 vehicles per day on Lorain Rd.
    • Excellent freeway access: 1 mile (3‑minute drive) to I‑77.
    • Located in the desirable Kamm's Corners district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lakewood Acceptance Corporation Loan Agency Byrider Cleveland Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8035193
    Latitude
    41.4531396

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Redevelopment Opportunity
    Where is this individual retail property located?
    The property is located at 15200 Lorain Ave Cleveland, OH.
    What are key features of this property?
    This property features: Retail or mixed-use redevelopment opportunity.; Approx. 55,000 SF paved parking lot.; Warehouse features 3-phase 480-amp power, nine drive-in doors (8'-14' high), and 14' clear height; includes 3,975 SF of office/showroom space plus 2,233 SF of second-floor office space.
    Request Owner's contact information
    15200 Lorain Ave Cleveland, OH 44111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15200 Lorain Ave Cleveland, OH 44111
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