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Commercial Real Estate for Sale at 8403 Detroit Avenue in Cleveland, OH for $789,000

Listing data last changed 04/01/2026 - 9:08pm
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8403 Detroit Avenue | Cleveland

$789,000 | 0.0 Sq. Ft.

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 $109,200 in annual income with a strong NOI of $95,603 (12.1% cap rate).*Residential units include 3 one-bedroom apartments and 2 efficiency units, all leased with stable tenancy through 2026-2027. Retail spaces are fully occupied with leases in place through 2026 and 2028, providing consistent commercial income.*\r\nThe building has been extensively updated with a new roof, HVAC systems, updated electrical and plumbing, and fully renovated interiors, resulting in minimal deferred maintenance.\r\nTenants pay utilities, keeping operating expenses low. Located just minutes from Edgewater Park with easy access to downtown Cleveland and major highways. MLSNow 5196402 Directions to property: Corner of Detroit and 84th

MLS Listing ID: 
MLSNow 5196402
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$789,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Cleveland
Address: 
8403 Detroit Avenue, Cleveland, OH 44102
County: 
Cuyahoga
Latitude: 
41.4806520
Longitude: 
-81.7425980
Directions: 
Corner of Detroit and 84th
Public Remarks: 
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 $109,200 in annual income with a strong NOI of $95,603 (12.1% cap rate).*Residential units include 3 one-bedroom apartments and 2 efficiency units, all leased with stable tenancy through 2026-2027. Retail spaces are fully occupied with leases in place through 2026 and 2028, providing consistent commercial income.*\r\nThe building has been extensively updated with a new roof, HVAC systems, updated electrical and plumbing, and fully renovated interiors, resulting in minimal deferred maintenance.\r\nTenants pay utilities, keeping operating expenses low. Located just minutes from Edgewater Park with easy access to downtown Cleveland and major highways.
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Year Built: 
1910
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.09
Lot Size (Area): 
0.09
Public Record
Parcel Number: 
002-20-010
Annual Tax: 
$5,717.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX Above \u0026 Beyond

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