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Property Description
3800 Lorain Avenue | Ohio City Landmark Opportunity Offered for the first time in its storied history, 3800 Lorain Avenue presents a once-in-a-generation opportunity to acquire one of Ohio City's most iconic commercial properties. Home to the Fridrich Bicycle Shop since 1883, this legacy asset has been a cornerstone of the neighborhood for over 140 years. The offering comprises seven contiguous parcels totaling just under one acre, prominently positioned along the high-visibility Lorain Avenue corridor. The existing structure encompasses approximately 40,000 square feet, providing substantial scale for adaptive reuse, redevelopment, or continued commercial operation. With its deep historical roots, expansive footprint, and strategic urban location, this property represents a rare blend of heritage and potential. Situated in one of Cleveland's most dynamic and rapidly evolving districts, the site benefits from strong surrounding retail, residential density, and ongoing investment throughout Ohio City. Whether envisioned as a transformative mixed-use redevelopment, creative commercial conversion, or preservation of a long-standing business legacy, 3800 Lorain Avenue offers unmatched scale, frontage, and historical significance. A truly important property in Ohio City - and a landmark offering now available for the first time ever.
Full Property Details
Full Property Details for 3800 Lorain Ave
General
- Price: $2,900,000
- Taxes: $19,360 (2025)
- Status: Active
- Type: Retail
- Source: 505
- MLS ID: 5189973
- Updated: 3/3/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: Additional Parking, Parking Lot
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Barber & Lords Sub
- Driving Directions: From Fulton, West onto Lorain, Property on North side
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: 5
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Stories/Levels: 3
- Current Bldg. Use: Mixed Use, Retail
- Year Built: 1900
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.92
- Lot Size: .92
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $19,360
- Tax Year: 2025
Disclosures and Reports
- Legal Description: 52 B&L S/L413EP 0412 SP 00335056
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 003-35-055
Listed by Acclaimed Realty, Nick Reyes
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Schools
Schools serving 3800 Lorain Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Orchard School 4200 Bailey Avenue, Cleveland, OH 44113 | PK-8 | 0.3 mi |
Joseph M Gallagher School 4016 Woodbine Avenue, Cleveland, OH 44113 | PK-8 | 0.3 mi |
Paul L Dunbar Elementary School @ Kentucky 2159 West 29th Street, Cleveland, OH 44113 | PK-8 | 0.4 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 4.8 mi |
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109 | 9-12 | 1.2 mi |
Davis Aerospace & Maritime High School 1440 Lakeside Avenue East, Cleveland, OH 44114 | 9-12 | 2.2 mi |
Jane Addams Business Careers High School 2373 East 30th Street, Cleveland, OH 44115 | 9-12 | 2.6 mi |
Waverly Elementary School 1805 West 57th Street, Cleveland, OH 44102 | PK-8 | 0.6 mi |
Garrett Morgan School of Engineering & Innovation 4600 Detroit Avenue, Cleveland, OH 44102 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3800 Lorain Ave
Date
Details
Price
Change
Source
3/03/2026
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3800 Lorain Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,439
37%
$91,460
32%
2023
$6,901
-15%
$69,100
—
2022
$8,080
—
$69,100
—
2021
$8,065
23%
$69,090
10%
2020
$6,532
-23%
$62,830
-27%
2019
$8,468
3%
$86,520
—
2018
$8,257
152%
$86,520
168%
2017
$3,279
—
$32,280
—
2016
$3,280
—
$32,280
—
2015
$3,288
-11%
$32,280
-12%
2014
$3,692
2%
$36,690
—
2013
$3,636
—
$36,690
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3800 Lorain Ave
3800 Lorain Avenue, Loveland, OH 44113 (MLS# 5189973) is a Retail property. 3800 Lorain Avenue is currently listed for $2,900,000 and was received on March 03, 2026. Want to learn more about 3800 Lorain Avenue? Do you have questions about finding other Retail real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

