Merchants Park Homes for Sale - Willoughby, Ohio

5190238 MLS

Exceptional mixed-use investment opportunity in the heart of Downtown Willoughby. Situated on a single parcel with ample off-street parking, this unique offering combines a fully leased historic brick triplex, a 7,200-square-foot commercial building, and a custom luxury residential loft, creating multiple income streams and significant upside potential. The front brick triplex is fully occupied and features three updated residential units with strong rental history. Unit 1 is a two-bedroom, one-bath residence with an updated kitchen, updated bath, and in-suite laundry, currently leased for $1,450 per month. Unit 2 is a fully updated one-bedroom, one-bath unit leased for $1,200 per month, while Unit 3 is a fully updated one-bedroom, one-bath unit leased for $1,300 per month. Current gross residential income totals $47,400 annually. The triplex benefits from newer HVAC systems and hot water tanks throughout.The rear commercial building offers approximately 7,200 square feet of flexible space currently occupied by a successful furniture upholstery business. The lower level includes warehouse space, offices, restroom facilities, laundry, and two oversized garage bays. The seller is willing to lease back a portion of the commercial space, providing an opportunity for immediate stabilized commercial income. Additional warehouse and commercial space offers further leasing potential.Above the commercial building is an impressive 1,650-square-foot custom-built loft featuring high-end finishes, an open-concept floor plan, private laundry, and an expansive rooftop deck overlooking Downtown Willoughby. The loft is currently owner-occupied and could generate approximately $2,500 per month ($30,000 annually) in additional rental income. Based on current rents and projected lease-up opportunities, the property offers the potential to generate approximately $135,000 to $141,000 in gross annual income. A rare opportunity to own a versatile mixed-use asset in Downtown Willoughby.

37931 Vine Street, Willoughby

Listing Courtesy of: Julie A Marous, juliemarous@bhhspro.com With Berkshire Hathaway HomeServices Professional Realty

$679,000

4 Beds ⋅ 3 Baths ⋅ 5031177 MLS

Discover luxury living at its finest in this breathtaking contemporary home, located mere minutes from the vibrant, historic Downtown Willoughby. This exquisite property is a showcase of custom design and high-end upgrades, making it a unique find in the area.Built with an eye for sustainability and style, the home features reclaimed Southern Ohio barn wood, lending it a rustic yet refined charm. The heart of this home is its gourmet kitchen, equipped with sleek quartz countertops, custom cabinetry, top-of-the-line stainless steel appliances, and a spacious center island – perfect for culinary enthusiasts and casual dining alike. The grand center great room is a true statement of elegance with its vaulted ceilings, a majestic stone fireplace, and dual balconies. The room is bathed in natural light from huge picture windows, offering serene views of the Chagrin River and Daniels Park, creating an idyllic backdrop for both relaxing and entertaining. This stunning home features 4 generously sized bedrooms and 3 fully remodeled bathrooms. The top-level master suite is a retreat within itself, boasting a walk-in closet, an imported tile shower, and a private balcony overlooking the great room. Step outside to enjoy the meticulously landscaped grounds featuring a circular drive, and a private courtyard patio with a tranquil pond and waterfall – an oasis of peace and privacy. Additional luxury is found in the 28x26 two-story heated garage, which includes a fully finished upper level designed as an art studio. This space mirrors the main house with large picture windows and inspiring views. A second outbuilding, complete with a back garage door and upper-level storage. This property is not just a home; it’s a lifestyle choice for those seeking the ultimate in contemporary living combined with the charm and convenience of a location near historical attractions, dining, and entertainment. Schedule your private viewing today to experience this unparalleled sanctuary firsthand.

4668 River Street, Willoughby

Listing Courtesy of: Christopher Trivisonno, cj@trivteam.com With Keller Williams Living

Selling Office: Keller Williams Greater Metropolitan.

$169,000

3 Beds ⋅ 1 Baths ⋅ 5028527 MLS

Welcome to Downtown Willoughby, where opportunity meets charm! This 1895 colonial residence presents a rare chance to create your dream home in one of the area's most coveted locations. With three bedrooms, one bath, and a host of original features, this property offers endless potential for renovation and customization. As you approach, you're greeted by the allure of a classic front porch, beckoning you to imagine lazy afternoons spent sipping lemonade and watching the world go by. Step inside, and you'll discover a canvas awaiting your personal touch. Original hardwood floors, intricate moldings, and vintage details evoke a sense of nostalgia, providing a solid foundation for your design vision. The layout includes a cozy living area, perfect for intimate gatherings or quiet evenings at home. Adjacent, the kitchen awaits transformation into a modern culinary oasis, where your creativity can take center stage. Three bedrooms offer comfortable retreats, each brimming with potential for customization and personalization. Outside, a spacious yard provides ample space for outdoor living and entertaining, while a rare find awaits in the form of a 2.5 car garage, offering coveted parking and storage space in the heart of Downtown Willoughby. Located in a highly desired neighborhood, this home presents an unparalleled opportunity to create the residence of your dreams, tailored to your unique tastes and lifestyle. Embrace the chance to reimagine this historic gem and make it your own. With its prime location, original charm, and endless possibilities, this property won't be on the market for long. Don't miss your chance to breathe new life into this Downtown Willoughby treasure. Schedule your showing today and start envisioning the endless possibilities that await in this delightful colonial home!

4343 River Street, Willoughby

Listing Courtesy of: Katie McNeill, katie@thekatiemcneillteam.com With Platinum Real Estate

Selling Office: Howard Hanna.

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Merchants Park Homes for Sale - Willoughby, Ohio

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