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$950,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 6 days ago
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Turnkey mixed-use investment opportunity in the highly desirable Detroit Shoreway neighborhood. This fully renovated property features 5 residential units and 3 occupied retail storefronts, generating $111,600 in annual income with a strong NOI of $96,803 (10.2% cap rate).*Residential units include 3 one-bedroom apartments and 2 efficiency units, all leased with stable tenancy through 2027. Retail spaces are fully occupied with leases in place through 2029, providing consistent commercial income.* The building has been extensively updated with a new roof, HVAC systems, updated electrical and plumbing, and fully renovated interiors, resulting in minimal deferred maintenance. Tenants pay utilities, keeping operating expenses low. Located just minutes from Edgewater Park with easy access to downtown Cleveland and major highways

Full Property Details for 8403 Detroit Ave

General

  • Price: $950,000
  • Taxes: $5,717 (2025)
  • Status: Active
  • Type: Commercial
  • Source: 505
  • MLS ID: 5241154
  • Updated: 9/16/2026
  • Added to Site: 6 day(s) ago

Location

  • County: Cuyahoga
  • Township: Cleveland
  • Driving Directions: Corner of Detroit and 84th

School Information

  • Elem School District: Cleveland Municipal - 1809
  • Midd School District: Cleveland Municipal - 1809
  • High School District: Cleveland Municipal - 1809

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Roof: Flat
  • Year Built: 1910
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.0854
  • Lot Size: .0854
  • Lot Size Source: Public Records
  • Zoning: Commercial

Financial Considerations

  • Other Assoc Fees: $1,400
  • Operating Expenses: $14,797
  • Tax Amount: $5,717
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: 29 RHODES V15-P2 0001 NP
  • Disclosures/Rstr.: Principal is Real Estate Licensed
  • Property ID: 002-20-010

Listed by RE/MAX Above & Beyond, Angela P Giarikos and RE/MAX Above & Beyond, Marlene Taipe

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Listing agents

— 8403 Detroit Ave —

  • Angela P Giarikos

    RE/MAX Above & Beyond

  • Marlene Taipe

    RE/MAX Above & Beyond

angiarikos@gmail.com, 216-598-0039

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8403 Detroit Ave

School District:Cleveland Municipal School District
NameGradesDistance
Marion C Seltzer Elementary School
1468 West 98th Street, Cleveland, OH 44102
PK-80.5 mi
Louisa May Alcott Elementary School
10308 Baltic Road, Cleveland, OH 44102
K-50.8 mi
Waverly Elementary School
1805 West 57th Street, Cleveland, OH 44102
PK-80.9 mi
John Marshall School of Information Technology
3952 West 140th Street, Cleveland, OH 44111
9-123.5 mi
Lincoln West School Of Global Studies
3202 West 30th Street, Cleveland, OH 44109
9-122.3 mi
Davis Aerospace & Maritime High School
1440 Lakeside Avenue East, Cleveland, OH 44114
9-123.4 mi
John Marshall School of Business and Civic Leadership
3952 West 140th Street, Cleveland, OH 44111
9-123.5 mi
Halle
7901 Halle Avenue, Cleveland, OH 44102
PK-80.9 mi
Max S Hayes High School
2211 West 65th Street, Cleveland, OH 44102
9-121 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 8403 Detroit Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2026
Listed
$950,000
1257.14%
MLS
6/03/2022
Sold
$70,000
—
Public Record
Get Price Alerts and Save Property
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 for 8403 Detroit Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,727
—
$55,265
—
2024
$5,704
—
$55,270
14%
2023
$5,704
12%
$48,370
—
2022
$5,100
-11%
$48,370
—
2021
$5,730
25%
$48,370
10%
2020
$4,571
1%
$43,960
—
2019
$4,528
8%
$43,970
—
2018
$4,196
9%
$43,970
16%
2017
$3,855
—
$37,950
—
2016
$3,856
—
$37,950
—
2015
$3,865
-11%
$37,950
-12%
2014
$4,340
2%
$43,120
—
2013
$4,274
—
$43,120
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by RE/MAX Above & Beyond, Angela P Giarikos and RE/MAX Above & Beyond, Marlene Taipe

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8403 Detroit Avenue, Loveland, OH 44102 (MLS# 5241154) is a Commercial property. 8403 Detroit Avenue is currently listed for $950,000 and was received on September 16, 2026. Want to learn more about 8403 Detroit Avenue? Do you have questions about finding other Commercial real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

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