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$390,000 -$9,000 (-2.26%) Price Reduced
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Property Description
9815 Lorain Avenue presents a rare opportunity to acquire a landmark mixed-use investment property generating approximately $4,300 per month ($51,600 annually) in gross rental income. Formerly the historic Cleveland Trust Bank Building, this architecturally significant property showcases stunning original details, solid brick and steel construction, and a highly visible location along one of Cleveland's major commercial corridors. The approximately 6,800-square-foot building offers four separate units, including two street-level storefronts and two spacious second-floor suites with private entrances. A comprehensive renovation completed in 2007 included updated plumbing, electrical systems, drywall, and flooring, providing a solid foundation for long-term ownership. The property has been well maintained and features multiple powder rooms, two kitchenettes, a large full basement for storage and a secure gated parking lot. Combining historic character, stable income, flexible occupancy options, and significant investment potential, 9815 Lorain Avenue offers a unique opportunity for investors, owner-users, or those seeking a distinctive mixed-use asset in a growing Cleveland market.
Full Property Details
Full Property Details for 9815 Lorain Ave
General
- Price: $390,000
- Taxes: $7,365 (2025)
- Status: Active
- Type: Commercial
- Source: 505
- MLS ID: 5217073
- Updated: 7/29/2026
- Added to Site: 57 day(s) ago
Parking
- Parking Features: Direct Access, Electric Gate, Parking Lot
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Jordan
- Driving Directions: West of West 98th, East of W 117th
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Current Bldg. Use: Mixed Use
- Year Built: 1928
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1318
- Lot Size: .1318
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $7,365
- Tax Year: 2025
- Terms: Cash, Conventional, 1031 Exchange, FHA
Disclosures and Reports
- Legal Description: 14 JORDAN 0013 ALL
- Disclosures/Rstr.: Owner Is Listing Agent, Principal is Real Estate Licensed
- Property ID: 017-01-015
Listed by Century 21 Homestar, Peter Spirollari
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Schools
Schools serving 9815 Lorain Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Almira 3375 West 99th Street, Cleveland, OH 44102 | PK-8 | 0.4 mi |
Halle 7901 Halle Avenue, Cleveland, OH 44102 | PK-8 | 0.6 mi |
Marion C Seltzer Elementary School 1468 West 98th Street, Cleveland, OH 44102 | PK-8 | 0.7 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 2.5 mi |
John Marshall School of Business and Civic Leadership 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 2.5 mi |
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109 | 9-12 | 2.6 mi |
Bard Early College Cleveland 13501 Terminal Avenue, Cleveland, OH 44135 | 9-12 | 2.6 mi |
Wilbur Wright School 11005 Parkhurst Drive, Cleveland, OH 44111 | PK-8 | 0.8 mi |
Louisa May Alcott Elementary School 10308 Baltic Road, Cleveland, OH 44102 | K-5 | 1.1 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 9815 Lorain Ave
Date
Details
Price
Change
Source
7/29/2026
Price Reduced
$390,000
-2.26%
MLS
6/08/2026
Listed
$399,000
104.62%
MLS
10/08/2020
Sold
$195,000
—
Public Record
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 9815 Lorain Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,177
—
$69,265
—
2024
$7,149
—
$69,270
1%
2023
$7,149
-16%
$68,250
-20%
2022
$8,462
—
$84,840
—
2021
$8,486
100%
$84,840
—
2020
—
$84,840
—
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 9815 Lorain Ave
9815 Lorain Avenue, Loveland, OH 44102 (MLS# 5217073) is a Commercial property. 9815 Lorain Avenue is currently listed for $390,000 and was received on June 08, 2026. Want to learn more about 9815 Lorain 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.

