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6318 Lorain Ave 3,090 SF Office Building Cleveland, OH 44102 $137,647 CAD ($44.55 CAD/SF)
EXECUTIVE SUMMARY
Prime Commercial Investment Opportunity in Rapidly Redeveloping Corridor! Unlock the potential of two adjoining commercial properties on a high-visibility corner in the heart of Cleveland’s exciting redevelopment zone. Welcome to 6318 Lorain Ave, formerly home to the long-standing Carey Funeral Home. This landmark 3,090 sq ft colonial-style building offers a versatile mix of commercial and residential space. The first floor houses the former funeral home with spacious rooms and two full baths, while the upper level features a full living area complete with four bedrooms, a living room, dining room, kitchen, and office—ideal for owner-occupancy, rental income, or future conversion. The basement includes a laundry area, half bath, and additional storage. Outside, you'll find a concrete parking lot with multiple access points beyond Lorain Ave, a wheelchair ramp, a covered back deck, and generous on-site parking. Located across from a city recreation center with playing fields and basketball courts, and near the Lorain M-Tain station with a planned bike lane, this property is ideally positioned for foot traffic, visibility, and long-term growth. The neighboring property at 6330 Lorain Ave (former clinic) is also available, and the seller prefers to sell both in a package—an exceptional opportunity to expand your footprint in a thriving commercial corridor. Whether you're looking to launch a business, develop a mixed-use project, or add a unique income property to your portfolio, this offering delivers unmatched value and potential. Don’t miss your chance—schedule a showing today! Serious inquiries with proof of funds/pre approval...No owner financing.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
3,090 SF
Building Class
C
Year Built
1920
Price
$137,647 CAD
Price Per SF
$44.55 CAD
Building Height
2 Stories
Typical Floor Size
1,545 SF
Building FAR
0.56
Lot Size
0.13 AC
Zoning
LR
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 002-27-005 | Improvements Assessment | $49,679 CAD (2024) |
| Land Assessment | $5,891 CAD (2024) | Total Assessment | $55,570 CAD (2024) |
PROPERTY TAXES
Parcel Number
002-27-005
Land Assessment
$5,891 CAD (2024)
Improvements Assessment
$49,679 CAD (2024)
Total Assessment
$55,570 CAD (2024)
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6318 Lorain Ave
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