$390,000
9815 Lorain Avenue presents a rare opportunity to acquire a landmark mixed-use investment property generating approximately $4,300 per month ($51,600 annually) in gross rental income. Formerly the historic Cleveland Trust Bank Building, this architecturally significant property showcases stunning original details, solid brick and steel construction, and a highly visible location along one of Cleveland's major commercial corridors.
The approximately 6,800-square-foot building offers four separate units, including two street-level storefronts and two spacious second-floor suites with private entrances.
A comprehensive renovation completed in 2007 included updated plumbing, electrical systems, drywall, and flooring, providing a solid foundation for long-term ownership. The property has been well maintained and features multiple powder rooms, two kitchenettes, a large full basement for storage and a secure gated parking lot.
Combining historic character, stable income, flexible occupancy options, and significant investment potential, 9815 Lorain Avenue offers a unique opportunity for investors, owner-users, or those seeking a distinctive mixed-use asset in a growing Cleveland market.
5217073
MLS
9815 Lorain Avenue, Cleveland
Listing Courtesy of: Peter Spirollari, petersold@gmail.com With Century 21 Homestar
