Auction - Receivership Sale | Shoregate Tower | 30901 Lake Shore Blvd
Cette fonctionnalité n’est pas disponible pour le moment.
Nous sommes désolés, mais la fonctionnalité à laquelle vous essayez d’accéder n’est pas disponible actuellement. Nous sommes au courant du problème et notre équipe travaille activement pour le résoudre.
Veuillez vérifier de nouveau dans quelques minutes. Veuillez nous excuser pour ce désagrément.
– L’équipe LoopNet
Votre e-mail a été envoyé.
Auction - Receivership Sale | Shoregate Tower 30901 Lake Shore Blvd Immeuble residentiel 403 lots À vendre Willowick, OH 44095
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 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
RÉSUMÉ ANALYTIQUE
Marcus & Millichap is pleased to present Shoregate Towers, a 404-unit apartment community located at 30901 Lake Shore Blvd in Willowick, Ohio (the “Property” “Offering”). The Property is being offered for auction on behalf of the lender appointed Receiver and presents investors an excellent opportunity to acquire an irreplaceable asset that offers substantial value creation opportunity through property-wide updates.
Shoregate Towers, built in 1971, is comprised of two 12-story towers totaling 404 units with an average unit size of 780 square feet. Situated on 6 acres, the Property offers ample surface parking for residents and guests. Currently 40% occupied, Shoregate presents a significant value-add opportunity with in-place rents on non-renovated units averaging $855 and renovated units achieving market rents of approximately $1,089. New roofs were completed on both towers in 2025, and additional upside remains through further property-wide renovations, most notably, a new parking garage (previous one collapsed August 2023).
Willowick is a well-established suburban community located in Lake County, just 15 miles northeast of downtown Cleveland, along the southern shore of Lake Erie. Willowick is part of the Cleveland-Elyria MSA, benefiting from strong regional connectivity, stable demographics, and close proximity to major employment and commercial hubs. The Property is located four-miles from I-90 offering immediate access to the greater metropolitan area. The Property benefits from being across from numerous national retailers including Starbucks, Giant Eagle, Aldi, Chipotle, McDonald’s, Planet Fitness, Marcs, and many more. The Property has a population of ±119,333 residents within a 5-mile radius and an average household income of ±$74,266.
Shoregate Towers, built in 1971, is comprised of two 12-story towers totaling 404 units with an average unit size of 780 square feet. Situated on 6 acres, the Property offers ample surface parking for residents and guests. Currently 40% occupied, Shoregate presents a significant value-add opportunity with in-place rents on non-renovated units averaging $855 and renovated units achieving market rents of approximately $1,089. New roofs were completed on both towers in 2025, and additional upside remains through further property-wide renovations, most notably, a new parking garage (previous one collapsed August 2023).
Willowick is a well-established suburban community located in Lake County, just 15 miles northeast of downtown Cleveland, along the southern shore of Lake Erie. Willowick is part of the Cleveland-Elyria MSA, benefiting from strong regional connectivity, stable demographics, and close proximity to major employment and commercial hubs. The Property is located four-miles from I-90 offering immediate access to the greater metropolitan area. The Property benefits from being across from numerous national retailers including Starbucks, Giant Eagle, Aldi, Chipotle, McDonald’s, Planet Fitness, Marcs, and many more. The Property has a population of ±119,333 residents within a 5-mile radius and an average household income of ±$74,266.
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 2,43 ha |
| Nb de lots | 403 | Surface de l’immeuble | 50 410 m² |
| Type de bien | Immeuble residentiel | Occupation moyenne | 40% |
| Sous-type de bien | Appartement | Nb d’étages | 12 |
| Style d’appartement | De hauteur moyenne | Année de construction | 1971 |
| Classe d’immeuble | B | Ratio de stationnement | 0,1/1 000 m² |
| Zonage | U2D | ||
| Type de vente | Investissement |
| Nb de lots | 403 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Surface du lot | 2,43 ha |
| Surface de l’immeuble | 50 410 m² |
| Occupation moyenne | 40% |
| Nb d’étages | 12 |
| Année de construction | 1971 |
| Ratio de stationnement | 0,1/1 000 m² |
| Zonage | U2D |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Balcon
- Lave-vaisselle
- Broyeur d’ordures
- Sols carrelés
- Cuisine
- Accès internet à haut débit
- Four
- Cuisinière
- Baignoire/Douche
- Vues
CARACTÉRISTIQUES DU SITE
- Centre d’affaires
- Accès contrôlé
- Centre de fitness
- Laverie
- Piscine
- Bord de l’eau
- Service de blanchisserie
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 253 | - | 50 - 62 |
| 2+1 | 75 | - | 84 |
| 2+2 | 75 | - | 87 |
1 of 1
TAXES FONCIÈRES
| Numéro de parcelle | 28-A-043-R-00-021 | Évaluation des aménagements | 3 537 572 € |
| Évaluation du terrain | 31 031 € | Évaluation totale | 3 568 603 € |
TAXES FONCIÈRES
Numéro de parcelle
28-A-043-R-00-021
Évaluation du terrain
31 031 €
Évaluation des aménagements
3 537 572 €
Évaluation totale
3 568 603 €
CONTACTS
-
Charles Gagliano -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
Michael Glass -
Marcus & Millichap
1 de 38
VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
1 of 1
Présenté par
Auction - Receivership Sale | Shoregate Tower | 30901 Lake Shore Blvd
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.