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15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo
15557 Lake Shore Boulevard, Cleveland, OH 44110 Photo

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15557 Lake Shore Boulevard Cleveland, OH 44110
$399,900
Active / MLS# 5217231 / Commercial - Retail / Cleveland
0 Beds

FULLY OCCUPIED Spacious mixed-use investment opportunity offering strong cash flow and long-term upside. This well-maintained property features three residential units and two commercial storefronts, creating a diversified income stream for investors seeking stability and growth. The residential component includes two 2-bedroom units and one 1-bedroom unit, while the commercial spaces provide additional income from established tenants. With current rents generating over $54,000 in gross annual income and an estimated 9% cap rate at the asking price, this property presents an attractive opportunity for both seasoned investors and those looking to add a solid performing asset to their portfolio. The units have been well cared for, helping minimize immediate capital expenditures while providing reliable income from day one. Adding to its appeal, the property offers rear lake views, providing a unique feature rarely found in mixed-use properties and enhancing tenant appeal. Conveniently located near local amenities, shopping, dining, and major transportation routes, this property is positioned to continue attracting both residential and commercial tenants. Whether you're looking to expand your portfolio or secure a cash-flowing asset with a strong return, this mixed-use building deserves a closer look. SELLING AS-IS

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Property Details

Property Type: Commercial - Retail
Basement: Unfinished
Basement: Yes
Heating: Forced Air
Lot Size: 0.15 Acres
Roof Type: Flat
Taxes: $6,701 / year
Year Built: 1900

Feature Descriptions

Days on Site: 3
Parcel#: 112-14-025
Sewer: Public Sewer
Units: 5
Water: Public

Schools

School District: Cleveland Municipal - 1809

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: Keller Williams Greater Metropolitan
Agency Contact: jburge@kw.com, 216-215-5727

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