Price Reduction
Address
9815 Lorain Avenue, Cleveland, OH
Price
$ 379,900
Property Attributes
- MLS#5217073
- TypeCommercial
- Listing Status Active
- CountyCuyahoga
- CityCleveland
- NeighborhoodJordan
- Zip44102
- Style
- Year Built1928
- Taxes$ 7365
- Price$ 379,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.1318 Acres
Data Source:
MLSNow
Property Description
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.
| Price History | |
|---|---|
| 6/8/2026 | Listed $399,000 |
| 7/29/2026 | 2$390,000 |
| 9/26/2026 | 3$379,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Possession | Negotiable |
| Year Built | 1928 |
| Township | Cleveland |
| Property Subtype | Mixed Use |
| Tax Year | 2025 |
| Current Use | Mixed Use |
| County | Cuyahoga |
| Net Operating Income | 10.2 |
| Property Type | Commercial Sale |
| Attached Garage | false |
| Subdivision Name | Jordan |
| Status | Active |
| Directions | West of West 98th, East of W 117th |
| ModificationTimestamp | 2026-09-26T21:57:45.170-00:00 |
| City | Cleveland |
| Disclosures | Owner Is Listing Agent,Principal is Real Estate Licensed |
| High School District | Cleveland Municipal - 1809 |
| Lot Size Units | Acres |
| Tax Annual Amount | 7365 |
| Water Sewer Expense | 300 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Cleveland Municipal - 1809 |
| Elementary School District | Cleveland Municipal - 1809 |
| Year Built Source | Public Records |
| Total Actual Rent | 51600 |
| Property Sub Type Additional | Mixed Use |
| PostalCity | CLEVELAND |
| Legal Description | 14 JORDAN 0013 ALL |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
Exterior Features
| Parking Features | Direct Access,Electric Gate,Parking Lot |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.1318 |
| Building Area Total | 6804 |
| Lot Size Acres | 0.1318 |
| Lot Size Source | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 44102
Price
Taxes
Year Built
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