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$375,000
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Property Description
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
Full Property Details
Full Property Details for 15557 Lakeshore Blvd
General
- Sold For: $375,000
- Taxes: $6,701 (2025)
- Status: Closed
- Type: Commercial Service
- Source: 505
- MLS ID: 5217231
- Added to Site: 75 day(s) ago
Business
- Business Type: Appliances, Convenience Store
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Cody
- Driving Directions: On Lakeshore
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Flat
- Current Bldg. Use: Multi-Family, Retail
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1476
- Lot Size: .1476
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $6,701
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 16 S/L 1 TO 3 SP EST .14A 11214026
- Property ID: 112-14-025
Listed by Keller Williams Greater Metropolitan, Jermaine R Burge
Sold by Non-Member, Non-Member Non-Member
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Schools
Schools serving 15557 Lakeshore Blvd
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Memorial School 410 East 152nd Street, Cleveland, OH 44110 | PK-8 | 0.6 mi |
Ginn Academy 655 East 162nd Street, Cleveland, OH 44110 | 9-12 | 1.1 mi |
Hannah Gibbons-Nottingham Elementary School 1401 Larchmont Road, Cleveland, OH 44110 | PK-8 | 1.2 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 14.6 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5.7 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5.7 mi |
John Hay Early College High School 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5.7 mi |
Oliver H Perry Elementary School 18400 Schenely Avenue, Cleveland, OH 44119 | PK-8 | 1.2 mi |
East Clark 885 East 146th Street, Cleveland, OH 44110 | PK-8 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15557 Lakeshore Blvd
Date
Details
Price
Change
Source
8/06/2026
Sold
$375,000
-6.23%
MLS
6/08/2026
Listed
$399,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15557 Lake Shore Boulevard, Loveland, OH 44110 (MLS# 5217231) is a Commercial Service property that was sold at $375,000 on August 06, 2026. Want to learn more about 15557 Lake Shore Boulevard? Do you have questions about finding other Commercial Service real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

