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    Property profile & analytics
    OFF-MARKET
    Retail space

    3801 Lorain Ave, Cleveland, OH 44113

    416 SF 0.11 ac lot Built 1965
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US66-1295975
    Property summary
    AI-generated overview

    This exceptional 853-square-foot commercial property, located at 3801 Lorain Avenue in Cleveland, Ohio, presents a unique redevelopment opportunity in a rapidly growing area. The single-story building sits on a 0.206-acre lot and is zoned LR-D3, offering versatility for various retail or office uses. Its prime location in Ohio City provides excellent walkability to numerous attractions, including the West Side Market, Pins Mechanical Co, INTRO Cleveland, and Great Lakes Brewing Company, all situated on West 25th Street. Furthermore, the property benefits from convenient access to I-90, providing easy connectivity to Downtown Cleveland and the vibrant Lakewood neighborhood. Downtown Cleveland itself boasts a wealth of amenities, including three professional sports teams, Jack Casino, the Great Lakes Science Center, and the Rock and Roll Hall of Fame. This property is also available for purchase alongside the adjacent multi-family property at 3815 Lorain Avenue, presenting a compelling investment opportunity. The property's APN is 00705007, 00705008. This is a rare chance to acquire a well-situated commercial space in a thriving Cleveland neighborhood. The asking price is $150,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1965
    Construction WOOD
    Total area 416 SF
    Lot 0.11 ac (5,000 SF)
    Zoning code LR
    APN 007-05-008
    UPID US66-1295975
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    3801 Lorain Avenue LLC · 1 yrs held
    3801 Lorain Avenue LLC
    since 2024
    Last sale
    $110,000
    5 recorded transactions
    2025
    2024
    $110,000
    2016
    $60,000
    1997
    1997
    $52,500
    Zoning & alternative use
    LR · Cleveland, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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