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30901 Lake Shore Blvd
Willowick, OH 44095
Auction - Receivership Sale | Shoregate Tower · Multifamily Property For Sale
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403 Units
Investment Highlights
- STARTING BID $2,500,000 | Shoregate Towers | 404 Units | 40% Occupied | AUCTION JULY 28-30, 2025
- $35-$40M stabilized property value
- Highly desired suburban location along Lake Erie Shoreline
- Significant repositioning opportunity
- Both roofs replaced in February 2025 ($636,000)
- Located across the street from Starbucks, Giant Eagle, Chipotle, Planet Fitness and dozens of other retailers and restaurants
Property Facts
| No. Units | 403 | Building Size | 542,610 SF |
| Property Type | Multifamily | Average Occupancy | 40% |
| Property Subtype | Apartment | No. Stories | 12 |
| Apartment Style | Mid-Rise | Year Built | 1971 |
| Building Class | B | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 6.33 AC | ||
| Zoning | U2D | ||
| No. Units | 403 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 6.33 AC |
| Building Size | 542,610 SF |
| Average Occupancy | 40% |
| No. Stories | 12 |
| Year Built | 1971 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | U2D |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Tile Floors
- Kitchen
- High Speed Internet Access
- Oven
- Range
- Tub/Shower
- Views
Site Amenities
- Business Center
- Controlled Access
- Fitness Center
- Laundry Facilities
- Pool
- Waterfront
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 253 | - | 534 - 665 |
| 2+1 | 75 | - | 909 |
| 2+2 | 75 | - | 935 |
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