5333 Lorain Avenue Cleveland, OH ^$ 1,650,000

5333 Lorain Avenue

^$ 1,650,000

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5333 Lorain Avenue

Cleveland, OH, 44102

^$ 1,650,000

Studio Baths0.0

Monthly Estimate*

^$ 11,526

5333 Lorain Avenue, Cleveland, OH 44102 - Image 1

5333 Lorain Avenue, Cleveland, OH 44102 - Image 2

5333 Lorain Avenue, Cleveland, OH 44102 - Image 3

5333 Lorain Avenue, Cleveland, OH 44102 - Image 4

5333 Lorain Avenue, Cleveland, OH 44102 - Image 5

5333 Lorain Avenue, Cleveland, OH 44102 - Image 6

Studio

Commercial Property for sale in Cleveland, OH

for $1,650,000. This building was built in 1978 on a lot size of 1.018.

Don't miss this opportunity to purchase this unique piece of property. Just over 1 acre situated on Lorain Ave. between W53rd and W55th in the Detroit Shoreway Neighborhood. Office Building/Commercial Service Garage with separate retail storefront and 2 residential apartments. Redevelopment Opportunity! Great location just west of downtown Cleveland.

Commercial Active

Price

^$ 1,650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 11,201

Style

Lot Size

1.018

Year Built

1978

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

4500187

Features

General

Sewer PublicSewer

Possession DeliveryOfDeed

Year Built 1978

Township Cleveland

Property SubType MixedUse

County Cuyahoga

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Subdivision Name Burnham

Garage Y/N N

Status Active

Directions OH-10/Lorain to W53rd

City Cleveland

Buyer Agent Compensation 2%

View Y/N N

Senior Community Y/N N

High School District Cleveland Municipal - 1809

Waterfront Y/N N

Carport Y/N N

Street Name Lorain

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 11201.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 140

Standard Status Active

Middle/Junior School District Cleveland Municipal - 1809

Elementary School District Cleveland Municipal - 1809

Property Sub Type Additional MixedUse

Legal Description 48 BURNHAM S/L 57 EP 0056 WP

Exterior

Water Source Public

Lot Size Area 1.018

Spa N

Lot Size Acres 1.018

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Electric On Property Y/N N

Main Level Bathrooms 0

Internal Only

Street Number 1 5333

* Excluded Features

List By

Gino Brienza

Listing Agent

Coldwell Banker Schmidt Realty

Broker

gino.brienza@cbschmidtohio.com

Affordability Calculator

$12,459

Per Month

Monthly Principal & Interest: $11,526
Monthly Property Taxes: $933
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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.

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Nearby

Trends
Schools

Commerical listings in Cleveland, OH

Average List Price ^$736,693

Percent of Sale Price 55%

About Cleveland, OH

372,504 Population

-22% Since 2002

^$27,719 Median Income

37.02 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4457612 Elementary School

4457721 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/14/2024	$1,650,000	-8.33%	Price Down
10/27/2023	$1,800,000		Listed Price

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5333 Lorain Avenue, Cleveland, OH, 44102 is a Commercial Property for sale at $1,650,000 with a lot size of 1.018. 5333 Lorain Avenue is a studio with 0.0 baths and was built in 1978. 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 7.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the YES MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the YES MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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5333 Lorain Avenue

Commercial Property for sale in Cleveland, OH

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