Lakewood OH Real Estate & Commercial for Sale

BUSINESS ONLY FOR SALE. Salon and spa for sale in the vibrant city of Lakewood. Great location and well established salon and spa that has been in business for over 15 years. The salon has been fully updated, all equipment and inventory are included in the sale. Rent $1000 a month. Schedule your showing today.

Welcome to 1386 Cranford Ave (The Original Curtis Hall House), a prime mixed-use investment opportunity right off of Detroit Rd, in the highly desired suburb of Lakewood! This well maintained mixed-use commercial building offers a rare blend of residential and retail space with tons of potential for renovation or redevelopment. Boasting six total units, three street level store fronts and three apartments (two 1 beds and one 2 bed), in an excellent location, this building is perfect for attracting steady commercial and residential tenants. The parking is ample, with a great sized parking lot and easy access to street parking. New roof and gutters (2025), newer furnaces, and newer electrical throughout. Zoned for Mixed-use and retail. Opportunities like this, with so much potential, in the booming Lakewood market are very rare! Schedule your walkthrough today.

GREAT INVESTMENT OR OWNER-OCCUPANT OPPORTUNITY! 4 Property portfolio sale (please see individual MLS Listings for additional information) -3529 Broadview Rd., Cleveland (Duplex) - MLS#5166689 -3513 Dawning Ave., Cleveland - MLS#5166673 -3704 Dawning Ave., Cleveland - MLS#5166714 -15400 Hilliard Ave., Lakewood - MLS#5166698 48-hour advance notice required for all showings. Pre-Approval or proof of funds must be provided prior to scheduling. Information deemed reliable, but is not guaranteed.

A rare opportunity to own an 18-unit apartment building at 12015 Clifton Boulevard, one of Lakewood's most desirable and convenient locations. Just minutes from Edgewater Park, Downtown Cleveland, and Lake Erie, residents enjoy walkable access to public transit, local shops, and popular dining destinations. The property is currently producing income and features modest upgrades while maintaining its original Lakewood character. Many units include refinished hardwood floors, fresh paint, and kitchen and bath improvements with newer appliances in several suites. The building also offers on-site coin laundry for additional income, a new boiler system, and many plumbing and electrical upgrades throughout. While the building is in average overall condition, it provides flexibility for a range of investment strategies - whether kept as a steady turnkey property or renovated into a luxury or boutique apartment community. The rear lot also provides room to add 5+ parking spaces, a valuable feature in this part of Lakewood. A strong investment opportunity in one of Greater Cleveland's most established and high-demand rental corridors, offering location, character, and potential for future growth.

Rare Lakefront 25-Unit Multifamily in Lakewood! This 25-unit multifamily is located just steps from Lake Erie and features six units with direct lake views, Currently generating over $26,000/mo in rent with a 16% vacancy rate, the property offers substantial upside. The vacancies include three spacious 3-bedroom, 2-bath units, each requiring full renovation. Once updated and leased, these units are poised to create over 95,000/ year alone! The building includes 20 parking spaces, including 8 garage spots, providing ample tenant parking - an uncommon convenience in Lakewood. Recent capital improvements include brand-new electrical systems, plumbing stacks, drains, and windows. Over 60% of the units have been updated, minimizing future capital needs. Financial Highlights: Current Monthly Rent: $26,000+ Additional Income: $15,000 (with potential to nearly double) | Actual Annual Expenses: $133,000 (excluding capital improvements) | Current NOI: $195,199 Proforma NOI: $363,632 | Proforma Cap Rate: Over 9% | Unit Mix: 3 units: 3 Bed /2 Ba / 10 units: 2 Bed / 11 units: 1 Bed / 1 unit: Studio. This property is the perfect location to park your money for safe appreciation while still capitalizing on the value add potential of those 3 vacant units. Lakewood has historically appreciated near 8% every year offering one of the best opportunities for appreciation in all of Northeast Ohio.