Commercial Real Estate for Sale at 2275 Warren Road in Lakewood, OH for $2,499,000

Listing data updated May 19, 2025 - 5:27pm
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2275 Warren Road | Lakewood

$2,499,000 | 0.0 Sq. Ft.

Lucrative Investment Opportunity in The Thriving Lakewood Market Awaits! This 27 Unit All-Brick Apartment Building Features 4 Studios, 18 One Bedroom Units, And 5 Two Bedroom Units. The Property Is Currently 96% Occupied And Generates $21,640 In Monthly Rental Income! 11 Of The Units Have Been Recently Remodeled, With Varying Levels Of Updates To Kitchens, Bathrooms, And Living Areas, Leaving Great Value-Add Potential With Light Cosmetic Upgrades On The Other 16 Units. The Common Areas Boast Separate Laundry Rooms Located On The Second And Third Floors, Storage Room With Individual Lockers For Each Unit, And New Lighting Throughout Hallways and Stairwells. The Exterior Offers Ample Parking With 25 Surface Lot Spots, And 9 Garage Spaces With Overhead Doors. Tenants Are Responsible For Electric, And Owner Is Responsible For Gas, Water/Sewer. Highly Sought After Location With Close Proximity To Major Highways, Lakewood Park, Downtown Cleveland, Kamm\u2019s Corners, Cleveland Metroparks Rocky River Reservation, Cleveland Clinic Fairview Hospital, Winterhurst Ice Arena, Screw Factory Artists Lofts, And Countless Dining/Entertainment Options Throughout Lakewood. Don\u2019t Miss This Rare Opportunity To Acquire An Incoming Producing Asset In A Prime Location With Historically Strong Appreciation! No Seller Financing! MLSNow 5122576

Directions to property: North of Lakewood Heights Blvd., West of Bunts Rd.

MLS Listing ID: 
MLSNow 5122576
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,499,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Lakewood
Address: 
2275 Warren Road, Lakewood, OH 44107
County: 
Cuyahoga
Latitude: 
41.4703870
Longitude: 
-81.7969540
Directions: 
North of Lakewood Heights Blvd., West of Bunts Rd.
Public Remarks: 
Lucrative Investment Opportunity in The Thriving Lakewood Market Awaits! This 27 Unit All-Brick Apartment Building Features 4 Studios, 18 One Bedroom Units, And 5 Two Bedroom Units. The Property Is Currently 96% Occupied And Generates $21,640 In Monthly Rental Income! 11 Of The Units Have Been Recently Remodeled, With Varying Levels Of Updates To Kitchens, Bathrooms, And Living Areas, Leaving Great Value-Add Potential With Light Cosmetic Upgrades On The Other 16 Units. The Common Areas Boast Separate Laundry Rooms Located On The Second And Third Floors, Storage Room With Individual Lockers For Each Unit, And New Lighting Throughout Hallways and Stairwells. The Exterior Offers Ample Parking With 25 Surface Lot Spots, And 9 Garage Spaces With Overhead Doors. Tenants Are Responsible For Electric, And Owner Is Responsible For Gas, Water/Sewer. Highly Sought After Location With Close Proximity To Major Highways, Lakewood Park, Downtown Cleveland, Kamm\u2019s Corners, Cleveland Metroparks Rocky River Reservation, Cleveland Clinic Fairview Hospital, Winterhurst Ice Arena, Screw Factory Artists Lofts, And Countless Dining/Entertainment Options Throughout Lakewood. Don\u2019t Miss This Rare Opportunity To Acquire An Incoming Producing Asset In A Prime Location With Historically Strong Appreciation! No Seller Financing!
Community Information
School District: 
Lakewood CSD (Cuyahoga)- 1817
Subdivision: 
Black-Warren Road Sub
Building Details
Details about the building on a property.
Year Built: 
1963
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: 
Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.7
Lot Size (Area): 
0.7
Public Record
Parcel Number: 
314-21-023
Annual Tax: 
$34,064.90
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Thomas Fischer
Listing Co-Agent Name: 
Ryan McCullough
Listing Office Name: 
RE/MAX Above \u0026 Beyond
Listing Co-Office Name: 
RE/MAX Above \u0026 Beyond

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