100% Leased Mixed-Use Investment Opportunity in Lakewood! 18215 Detroit Avenue
Lakewood, OH 44107
For Sale
2,628 sqft
Sale Price
$895,000
Brochure
Property Website
Map
Retail For Sale - Available Immediately
Located within walking distance of downtown Rocky River
Rare mixed-use investment opportunity in Lakewood!
Price: $895,000 (8.17% Cap Rate)
In-Place Net Operating Income (NOI): $73,127/yr
Financials available upon request - please contact broker
Located a short walk to Downtown Rocky River!
There are several access points to I-90 within a 2 mile radius of the site providing strong accessibility
Average household incomes of $124,518 within a 1-mile radius
Get in touch
Connor Ambrose
Joseph Khouri
• The Opportunity:
— 1,800 SF Retail Building (leased)
— 1,828 SF Residential Building (fully leased)
— Private parking lot that can accommodate 6+ parking spaces
• Residential Building (Apartments)
— First Floor Unit: 864 SF (1 bed 1 bath)
— Second Floor Unit: 974 SF (1 bed 1 bath)
— Units: Fully renovated
— Roof & Siding: Replaced in 2021
— HVAC: New system installed in 2025
— Windows: All new in 2025
— Electrical: Fully updated in 2025
• Retail Space:
— Roof: Sealed in 2024
— HVAC: New system installed in 2025
— 1,800 SF Retail Building (leased)
— 1,828 SF Residential Building (fully leased)
— Private parking lot that can accommodate 6+ parking spaces
• Residential Building (Apartments)
— First Floor Unit: 864 SF (1 bed 1 bath)
— Second Floor Unit: 974 SF (1 bed 1 bath)
— Units: Fully renovated
— Roof & Siding: Replaced in 2021
— HVAC: New system installed in 2025
— Windows: All new in 2025
— Electrical: Fully updated in 2025
• Retail Space:
— Roof: Sealed in 2024
— HVAC: New system installed in 2025
Total Space Available
2,628 sqft
Sale Price
$895,000
Get in touch
Connor Ambrose
Joseph Khouri