Address
9815 Lorain Avenue, Cleveland, OH
Price
$ 390,000
Property Attributes
- MLS#5217073
- TypeSingle Family
- Listing Status Active
- CountyCuyahoga
- CityCleveland
- NeighborhoodJordan
- Zip44102
- Style
- Year Built1928
- Taxes$ 7365
- Price$ 390,000
- 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 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | ForcedAir |
| Cooling | CentralAir |
| Possession | Negotiable |
| Year Built | 1928 |
| Township | Cleveland |
| Property Subtype | MixedUse |
| Tax Year | 2025 |
| Current Use | MixedUse |
| County | Cuyahoga |
| Net Operating Income | 10.2 |
| Property Type | CommercialSale |
| Attached Garage | false |
| Subdivision Name | Jordan |
| Status | Active |
| Directions | West of West 98th, East of W 117th |
| ModificationTimestamp | 2026-07-29T14:36:39.370-00:00 |
| City | Cleveland |
| Disclosures | OwnerIsListingAgent,PrincipalIsRealEstateLicensed |
| High School District | Cleveland Municipal - 1809 |
| Lot Size Units | Acres |
| Tax Annual Amount | 7365 |
| Water Sewer Expense | 300 |
| Building Area Units | SquareFeet |
| Living Area Units | SquareFeet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Cleveland Municipal - 1809 |
| Elementary School District | Cleveland Municipal - 1809 |
| Year Built Source | PublicRecords |
| Total Actual Rent | 51600 |
| Property Sub Type Additional | MixedUse |
| PostalCity | CLEVELAND |
| Legal Description | 14 JORDAN 0013 ALL |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
Exterior Features
| Parking Features | DirectAccess,ElectricGate,ParkingLot |
|---|---|
| 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 Single Family Average in 44102
Price
Taxes
Year Built
© MLS Now, INC - Northern Ohio Regional Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this
