15557 Lake Shore Boulevard Cleveland, OH $ 399,900
15557 Lake Shore Boulevard
$ 399,900
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15557 Lake Shore Boulevard

Cleveland, OH, 44110
$ 399,900
Bedrooms-- Baths--

Monthly Estimate*

$ 2,462

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Commercial Property for sale in Cleveland, OH

for $399,900. This building was built in 1900 on a lot size of 0.1476.

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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Commercial Active

Price

$ 399,900

Property Type

Commercial

Taxes

$ 6,701

Style

Lot Size

0.1476

Year Built

1900

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5217231

Features
General
Sewer Public Sewer
Heating Forced Air
Possession Delivery Of Deed
Roof Flat
Year Built 1900
Township Cleveland
Property Subtype Retail
Tax Year 2025
Current Use Multi-Family Retail
Business Type Appliances Convenience Store
County Cuyahoga
Property Type Commercial Sale
Attached Garage false
Subdivision Name Cody
Status Active
Directions On Lakeshore
City Cleveland
High School District Cleveland Municipal - 1809
Number Of Units Total 5
Lot Size Units Acres
Tax Annual Amount 6701
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Mixed Use
Legal Description 16 S/L 1 TO 3 SP EST .14A 11214026
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Interior
Basement Unfinished
Basement (Y/N) true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 0.1476
Number of Buildings 1
Lot Size Acres 0.1476
Lot Size Source Public Records
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* Excluded Features
List By
Jermaine R Burge

Listing Agent

Keller Williams Greater Metropolitan

Broker

jburge@kw.com

Email

Affordability Calculator

$3,021
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,462
Monthly Property Taxes
$558
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2026$399,900 Listed Price

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15557 Lake Shore Boulevard, Cleveland, OH, 44110 is a Commercial Property for sale at $399,900 with a lot size of 0.1476. 15557 Lake Shore Boulevard was built in 1900. The property's zip code is 44110 which is in Cleveland, OH