12816 Detroit Avenue, Lakewood, OH 44107

$230,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$230,000
List Price
$295,000
Status
CLOSED
Days on Market
85
Closing Date
Jul 18, 2025
MLS#
5117195
Subtype
Commercial Sale
Year Built
1903
Acres
0.24
Subdivision
George Saals
Neighborhood
George Saals
MLS Area Major
Lakewood

Property Description

Unlock the potential of 65 feet of prime Detroit Road frontage in central Lakewood! This property presents a unique opportunity for redevelopment or significant renovation. Zoned for Mixed use Apartments, office or retail use, it's an ideal candidate for a tear-down and new build, or a complete overhaul of the existing structure. One unit is currently occupied, it was setup as a 4 unit property at one point with 2 1 bedroom apartments, retail on the first floor of the house and offices upstairs. The property requires full rehabilitation but is currently up to code and benefits from a roof replacement done roughly two years ago (c. 2023). Newer front parking lot up to 6 cars and back fenced in lot with Garage.

Additional Information

Taxes
$4,198
Heating
Forced Air
Parking Features
Driveway, Detached, Garage
School District
Lakewood CSD (Cuyahoga)- 1817

Listing Courtesy of: Dimitrios Gountis, jim@citiroc.com With Citiroc LLC

Selling Office: Non-Member.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.