Mixed Used Retail & Residential Investment Opportunity! Convenient location on Lorain Ave. High visibility area next to corner pub and other mixed-use spaces and public transportation. Vacant store front has large windows that face street and offers 5 office spaces, large central meeting area and private half bath. Walk-up apartment on 2nd floor is accessed via separate entrance and staircase. Apartment has 4-5 bedrooms, kitchen and full bath. Laundry area, mechanicals and electrical panel are in the unfinished basement. Private entrances to store and apartment are located off of the private driveway on side of building. Backyard has chain link fence and large paved area provides plenty of parking space - there's also a 1 car attached garage and a 2-car detached garage. Apartment upstairs is currently tenant-occupied, please request advance notice to view and wait for confirmation of showing appointment. Building needs TLC & repairs, but has great income potential! Property being sold AS-IS, seller to make NO repairs.
Sold for $170,200
$170,200
12224 Lorain Ave, Cleveland, OH 44111
--beds
0baths
3,600sqft
SingleFamily
Built in 1926
4,791 Square Feet Lot
$190,400 Zestimate®
$47/sqft
$1,635 Estimated rent
Home value
$190,400
$168,000 - $213,000
$1,635/mo
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Cooling
- Other
Features
- Flooring: Concrete, Hardwood
- Basement: Partially finished
Interior area
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Brick
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 02124024
Construction
Type & style
- Home type: SingleFamily
Materials
- concrete
- Foundation: Masonry
- Roof: Composition
Condition
- Year built: 1926
Community & HOA
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $47/sqft
- Tax assessed value: $132,000
- Annual tax amount: $4,779
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2025 | Sold | $170,200+36.2%$47/sqft |
Source: Public Record Report a problem | ||
| 7/12/2023 | Listing removed | -- |
Source: | ||
| 5/27/2023 | Price change | $125,000-16.6%$35/sqft |
Source: | ||
| 3/18/2023 | Listed for sale | $149,900+31.5%$42/sqft |
Source: | ||
| 10/31/2006 | Sold | $114,000+34.1%$32/sqft |
Source: Public Record Report a problem | ||
| 8/18/1997 | Sold | $85,000+41.7%$24/sqft |
Source: Public Record Report a problem | ||
| 1/6/1995 | Sold | $60,000$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,779 +0.2% | $46,200 |
| 2024 | $4,768 +56.6% | $46,200 +51.5% |
| 2023 | $3,045 +0.1% | $30,490 |
| 2022 | $3,041 -0.3% | $30,490 |
| 2021 | $3,050 +5.8% | $30,490 +10% |
| 2020 | $2,882 +6.2% | $27,720 |
| 2019 | $2,713 +2.5% | $27,720 |
| 2018 | $2,646 -31.2% | $27,720 -26.8% |
| 2017 | $3,846 -0.3% | $37,870 |
| 2016 | $3,857 | $37,870 |
| 2015 | $3,857 -11.4% | $37,870 -12% |
| 2014 | $4,351 | $43,020 |
Find assessor info on the county website
Neighborhood: Jefferson
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Nearby schools
GreatSchools rating
- 5/10Wilbur Wright SchoolGrades: PK-8Distance: 0.5 mi
- 3/10The School Of OneGrades: 8-12Distance: 0.4 mi
- 4/10Mary Church Terrell SchoolGrades: PK-8Distance: 0.7 mi
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Estimated market value
$190,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$190,400
- Ohio
- Cuyahoga County
- Cleveland
- 44111
- Jefferson
- 12224 Lorain Ave