3800 Lorain AvenueCleveland, OH 44113

3800 Lorain AvenueCleveland, OH 44113

1/8 Virtual Tour Fullscreen
$2,900,000 Active
Commercial - Retail MLS 5189973

Listed By

Agency Name: Acclaimed Realty
Agency Contact: nick@theacclaimedrealty.com, 440-755-9021

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

3800 Lorain Avenue | Ohio City Landmark Opportunity Offered for the first time in its storied history, 3800 Lorain Avenue presents a once-in-a-generation opportunity to acquire one of Ohio City's most iconic commercial properties. Home to the Fridrich Bicycle Shop since 1883, this legacy asset has been a cornerstone of the neighborhood for over 140 years. The offering comprises seven contiguous parcels totaling just under one acre, prominently positioned along the high-visibility Lorain Avenue corridor. The existing structure encompasses approximately 40,000 square feet, providing substantial scale for adaptive reuse, redevelopment, or continued commercial operation. With its deep historical roots, expansive footprint, and strategic urban location, this property represents a rare blend of heritage and potential. Situated in one of Cleveland's most dynamic and rapidly evolving districts, the site benefits from strong surrounding retail, residential density, and ongoing investment throughout Ohio City. Whether envisioned as a transformative mixed-use redevelopment, creative commercial conversion, or preservation of a long-standing business legacy, 3800 Lorain Avenue offers unmatched scale, frontage, and historical significance. A truly important property in Ohio City ? and a landmark offering now available for the first time ever.

3800 Lorain Avenue | MLS# 5189973

This commercial property located at 3800 Lorain Avenue, Cleveland, OH 44113 is currently listed for sale with an asking price of $2,900,000. Lorain Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Basement: Full, Unfinished
Basement: Yes
Heating: Forced Air
Lot Size: 0.92 Acres
Stories: 3.0
Taxes: $19,360 / year
Year Built: 1900

Feature Descriptions

Parcel#: 003-35-055
Parking: Additional Parking, Parking Lot
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3800 Lorain Avenue, Cleveland, OH 44113
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau