Cleveland · Commercial sale

ZF2 Lakewood buys 15016 Detroit Ave in Lakewood for $5.15 million

A shopping center at 15016 Detroit Ave, Lakewood sold for $5,150,000 on October 13, 2026. See the seller and buyer net sheets for this sale.

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Aerial view of 15016 Detroit Ave, Lakewood with the parcel outlined
Aerial photo: U.S. Geological Survey. Parcel outline: Cuyahoga County Fiscal Officer. The photo can predate the sale.
Sale price
$5,150,000
Sold
October 13, 2026
Property type
Shopping center
Building area
12,979 sq ft
Price per sq ft
$397
Year built
1930

The $5,150,000 sale price was 3.2 times the $1,617,300 market value on record, according to Cuyahoga County Fiscal Officer's records.

A shopping center at 15016 Detroit Ave in Lakewood sold on October 13, 2026, according to the Cuyahoga County Fiscal Officer's transfer records. The record lists Wholesome Development Lakewood, LLC as the seller and ZF2 Lakewood, LLC as the buyer.

Cuyahoga County Fiscal Officer's records show 12,979 square feet of building area, a build year of 1930 and a 0.54-acre lot. At that size, the price works out to $397 per square foot.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Cuyahoga County?

By our estimate, the seller's two largest charges, not counting prorations, were $20,600 for the real property conveyance fee (state $1 + county permissive $3 per $1,000) and $8,455 for the owner's title insurance policy. Who pays what follows Cuyahoga County custom.

How much did the seller net?

By our estimate, the seller netted about $5,060,020. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $5,098,309 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

15016 Detroit Ave, Lakewood, OH.

Source: Cuyahoga County Fiscal Officer, parcel transfer records (Cuyahoga County GIS), document 31214116-20261013. Property details: Cuyahoga County Fiscal Officer. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.

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