# 15557 Lake Shore Boulevard, Cleveland, OH 44110

> **TL;DR:** commercial, $399,900, built 1900. Est. $1,733/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $399,900 |
| Year Built | 1900 |
| Lot Size | 6,429 sqft (0.15 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,733 |
| **Total** | **$1,733** |

## Property Highlights

- Built in 1900
- 0.15 acre lot

## Description

### Agent Description
Spacious mixed-use investment opportunity offering strong cash flow and long-term upside. This well-maintained property features three residential units and two commercial storefronts, creating a diversified income stream for investors seeking stability and growth. The residential component includes two 2-bedroom units and one 1-bedroom unit, while the commercial spaces provide additional income from established tenants. With current rents generating over $54,000 in gross annual income and an estimated 9% cap rate at the asking price, this property presents an attractive opportunity for both seasoned investors and those looking to add a solid performing asset to their portfolio. The units have been well cared for, helping minimize immediate capital expenditures while providing reliable income from day one. Adding to its appeal, the property offers rear lake views, providing a unique feature rarely found in mixed-use properties and enhancing tenant appeal. Conveniently located near local amenities, shopping, dining, and major transportation routes, this property is positioned to continue attracting both residential and commercial tenants. Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a cash-flowing asset with a strong return, this mixed-use building deserves a closer look.

## Location

- **Address:** 15557 Lake Shore Boulevard, Cleveland, OH 44110
- **County:** Cuyahoga
- **Neighborhood:** Cody
- **Coordinates:** 41.578673, -81.572544
- **Google Maps:** https://www.google.com/maps?q=41.578673,-81.572544

## Listing Agent

- **Name:** Jermaine R Burge
- **Brokerage:** Keller Williams Greater Metropolitan
- **Phone:** 2162155727
- **Email:** jburge@kw.com

## Primary Photo

![15557 Lake Shore Boulevard - Primary Photo](http://lh.rdcpix.com/c6b0d62b6327c6ef1684d41f48739aeal-f3865678017r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/15557-lake-shore-boulevard-cleveland-oh-44110-5217231)*

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**MLS#:** 5217231 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/15557-lake-shore-boulevard-cleveland-oh-44110-5217231)

---

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