Debbie Skaggs

9815 Lorain Avenue

Cleveland, OH
$ 390,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 390,000
  • City
  • Cleveland
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • Cuyahoga
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.1318 Acres
  • Zip
  • 44102
  • Year Built
  • 1928
  • Taxes
  • $ 7365
  • Style
  • MLS#
  • 5217073
Listed By: Century 21 Homestar
Data Source: MLSNow

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Youngstown, OH office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/8/2026 Listed $399,000
7/29/2026 2% - $390,000

Property vs Zip Code Average in 44102

Price
AVG $250K
$390K
Taxes
AVG $2,988
$7,365
Year Built
AVG 1915
1928

Areas That We Cover

9815 Lorain Avenue Cleveland, OH is a Single Family Home for sale at $390000 and a lot size of 0.1318 Acres Acre(s). 9815 Lorain Avenue Cleveland has 0 bedrooms, 0 baths and was built in 1928. The property's zip code is 44102 which is in Cleveland, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site 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.

Debbie Skaggs

Debbie Skaggs

REALTOR®

234-567-0119

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