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37931 Vine Street

Willoughby, OH 44094
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Bed 5

Bed

Bath 7

Bath

Acres0.45

Acre(Lot)

Exceptional mixed-use investment opportunity in the heart of Downtown Willoughby. Situated on a single parcel with ample off-street parking, this unique offering combines a fully leased historic brick triplex, a 7,200-square-foot commercial building, and a custom luxury residential loft, creating multiple income streams and significant upside potential. The front brick triplex is fully occupied and features three updated residential units with strong rental history. Unit 1 is a two-bedroom, one-bath residence with an updated kitchen, updated bath, and in-suite laundry, currently leased for $1,450 per month. Unit 2 is a fully updated one-bedroom, one-bath unit leased for $1,200 per month, while Unit 3 is a fully updated one-bedroom, one-bath unit leased for $1,300 per month. Current gross r esidential income totals $47,400 annually. The triplex benefits from newer HVAC systems and hot water tanks throughout.The rear commercial building offers approximately 7,200 square feet of flexible space currently occupied by a successful furniture upholstery business. The lower level includes warehouse space, offices, restroom facilities, laundry, and two oversized garage bays. The seller is willing to lease back a portion of the commercial space, providing an opportunity for immediate stabilized commercial income. Additional warehouse and commercial space offers further leasing potential.Above the commercial building is an impressive 1,650-square-foot custom-built loft featuring high-end finishes, an open-concept floor plan, private laundry, and an expansive rooftop deck overlooking Downtown Willoughby. The loft is currently owner-occupied and could generate approximately $2,500 per month ($30,000 annually) in additional rental income. Based on current rents and projected lease-up opportunities, the property offers the potential to generate approximately $135,000 to $141,000 in gross annual income. A rare opportunity to own a versatile mixed-use asset in Downtown Willoughby.

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Detail Ic Property Details

Property Type : Residential Income

Price : $919,900

AD Id : 75914955

MLS Id : 5190174

Beds : 5

Lot Size : 0.45 Acre

Year Built : 1981

County : Lake

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 7 Full Baths: 4 Half Baths: 3

    Room Information

    Has Basement: Yes Basement: Full
  • Roofing Information

    Asphalt, Fiberglass
  • Interior Features

    Roof: Asphalt, Fiberglass
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1981 Construction Materials: Brick Stories: 2 Private Pool: No

  • Lot Information

    Main Square Feet: 0.4488 Acres Lot Size Acres: 0.4488 Lot Size Source: Public Records

  • Listing Price Information

    Listing Price: $919900 Original Price: $995000 Cash, Conventional

  • Tax Information

    Parcel Number: 27-B-036-0-00-020-0 Tax Year: 2025 Annual Tax: $10916 Tax Legal Desc: GORE TRACT PART OF LOT 86

  • Parking Information

    Driveway

  • Location Information

    Direction: From Route 2, take the Lost Nation Road exit and head south toward downtown. Turn right onto Vine Street (Route 640). Continue west toward downtown Willoughby. Property is located on Vine Street between the main downtown corridor and Erie Street. Parking available on site behind the buildings. WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 07/04/2026 @ 07:05

MLS: 5190174 LISTED BY: Julie Marous, Berkshire Hathaway HomeServices Professional Realty 216-970-0164 SOURCE: MLS Now

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