34
See all 34 photos
$465,000
Est. payment /mo
4,181 Sqft Lot
Active
11723 Lorain AVE Cleveland, OH 44111
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Crawf #1
MLS Listing ID 5222570
HOA Y/N No
Year Built 1926
Annual Tax Amount $6,729
Tax Year 2025
Lot Size 4,181 Sqft
Acres 0.096
Property Sub-Type Mixed Use
Property Description
EXCEPTIONAL mixed-use investment opportunity in this well-maintained corner property offering strong income potential and multiple revenue streams!! With the existing rental income and the value-add for the storefront, this property is at 12% Cap rate!
***The first level consists of an open-concept commercial storefront with outstanding visibility along a high-traffic corridor, making it ideal for retail, showroom, office, or service-based businesses. It consists of approx 2200 SF space with a kitchen, private bathroom, and additional storage. Amazing potential and value-add, currently used as a storage area, this storefront can easily be rented out for $2500+/month.
***The second floor consists of three fully remodeled residential apartments, providing immediate income; 2 beds (generating $1300/m), 1 bed (generating $1100/m), and an efficiency (generating $700/m), each featuring updated kitchens with shaker cabinetry, granite countertops, modern bathrooms, updated flooring, recessed lighting, and contemporary finishes throughout. Separate HWT, Separate furnaces, Tenants pay all utilities. Owner pays water/sewer.
***Additional features include:
New roof - New windows - New Hot water Tanks - Newer Furnaces - central Air (except for the efficiency unit)
New Electric panels
Large corner lot with excellent street presence
Private rear parking area
Separate entrances for commercial and residential tenants
Updated interiors throughout
High-visibility location with strong daily traffic counts
Excellent opportunity for investors or owner-occupants seeking live/work or income-producing property
Whether you're expanding your investment portfolio or looking for a property that combines commercial income with renovated residential units, this versatile mixed-use building offers exceptional value and long-term upside.
***The first level consists of an open-concept commercial storefront with outstanding visibility along a high-traffic corridor, making it ideal for retail, showroom, office, or service-based businesses. It consists of approx 2200 SF space with a kitchen, private bathroom, and additional storage. Amazing potential and value-add, currently used as a storage area, this storefront can easily be rented out for $2500+/month.
***The second floor consists of three fully remodeled residential apartments, providing immediate income; 2 beds (generating $1300/m), 1 bed (generating $1100/m), and an efficiency (generating $700/m), each featuring updated kitchens with shaker cabinetry, granite countertops, modern bathrooms, updated flooring, recessed lighting, and contemporary finishes throughout. Separate HWT, Separate furnaces, Tenants pay all utilities. Owner pays water/sewer.
***Additional features include:
New roof - New windows - New Hot water Tanks - Newer Furnaces - central Air (except for the efficiency unit)
New Electric panels
Large corner lot with excellent street presence
Private rear parking area
Separate entrances for commercial and residential tenants
Updated interiors throughout
High-visibility location with strong daily traffic counts
Excellent opportunity for investors or owner-occupants seeking live/work or income-producing property
Whether you're expanding your investment portfolio or looking for a property that combines commercial income with renovated residential units, this versatile mixed-use building offers exceptional value and long-term upside.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Driveway, Parking Lot
Water Access Desc Public
Roof Type Composition
Present Use Mixed Use,Residential,Retail,Single Family
Total Parking Spaces 6
Building
Entry Level Two
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 018-05-023
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jamie Samaha • Howard Hanna • jamiesamaha@howardhanna.com, 216-925-2063
Nearby Locations
GET MORE INFORMATION