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Listed price in listed location currency (USD).
$995,000

570

MLS® 5190174

Overview

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage No
Taxes $10,916
Days Active 0
Lot Size 0.4488 acres
Approx. Age 1981
MLS® Number 5190174

Property Address: 37931 Vine St, Willoughby, OH, 44094-6258

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional mixed-use investment opportunity in the heart of downtown Willoughby. This historically maintained brick triplex combined with a 7, 200 square foot commercial building offers stabilized residential income, flexible commercial space, and a custom-built luxury residential loft all situated on one parcel with ample off-street parking.The front brick triplex is fully leased and features three updated units with rental history. Unit 1 offers two bedrooms, one bath, an updated kitchen and bath, and in-suite laundry, currently rented for $1, 450 per month. Unit 2 is a fully updated one-bedroom, one-bath unit rented for $1, 200 per month. Unit 3 is a fully updated one-bedroom, one-bath unit rented for $1, 300 per month. Current gross residential income is $3, 950 per month, or $47, 400 annually. All new HVAC systems and hot water tanks. The rear 7, 200 square foot building offers outstanding flexibility. The lower level is currently operating as a furniture upholstery business and includes warehouse space, a private office, gym area, two oversized garage areas with doors, a bathroom, and laundry. Seller would prefer to lease back the lower-level commercial space, presenting the opportunity for immediate stabilized commercial income. Above the commercial space is a stunning 1, 650 square foot custom residential loft featuring high-end finishes, an open-concept layout, laundry, and a spacious rooftop deck overlooking downtown Willoughby. This property is ideal for investors seeking diversified income, an owner-operator looking to live above their business, or a buyer seeking long-term value in one of Lake County’s most vibrant and walkable downtown districts. A rare opportunity to own a fully occupied mixed-use asset in a premier location.
MLS® Number5190174
Laundry Level
Central VacNo
FireplaceNo
Acreage0.4488
Exterior
GarageNo
Approx. Age1981
BasementFull
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 5, 2026List Date
$995,000List Price

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