Mixed-Use Property with
For Sale
$985,000
Pending
17020 Madison Avenue, Lakewood, OH 44107
CommercialSale, Lakewood, OH
Property SizeContact for details
Lot Size0.14 Acres
Days on Market24
Property Features for 17020 Madison Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Multi-Family
Rooms
Basement
Parking features
Off Street, Parking Lot
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
Head East toward Cleveland, Exit 164 to McKinley, Left onto McKinley, Right onto Madison, Destination if on your Left.
Special listing conditions
In Foreclosure
Standard status
Pending
APN
313-21-028
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13513
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1925
Number of units
9
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Mathew P Chase · License #2013002819
(440) 452-2000
Added: Aug 12
Changed: Sep 1
Last Checked: Sep 4 at 10:06AM
MLS# 5233468
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1925, this mixed-use property includes six apartments and three storefronts within a single commercial asset. The residential component consists of one three-bedroom apartment, one two-bedroom apartment, and four one-bedroom apartments. An established business occupies two of the storefronts, while the third provides additional commercial space. The property also includes a basement, off-street parking, and a parking lot. Forced-air heating is supplied by natural gas, with public water and public sewer serving the building.
The property is located on Madison Avenue in Lakewood, near downtown Lakewood, shops, restaurants, parks, and entertainment. Lake Erie, Edgewater Park, Gordon Park, and downtown Cleveland are also identified as nearby destinations.
The property is located on Madison Avenue in Lakewood, near downtown Lakewood, shops, restaurants, parks, and entertainment. Lake Erie, Edgewater Park, Gordon Park, and downtown Cleveland are also identified as nearby destinations.
Key Highlights
- Six apartments: one 3‑bedroom, one 2‑bedroom, and four 1‑bedroom units
- Three storefronts, with an established business occupying two
- 0.1414‑acre property built in 1925
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 44107, OH
51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines apartment units with storefront space and includes off-street parking.
Where is this mixed-use property located?
The property is located at 17020 Madison Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Six apartments: one 3‑bedroom, one 2‑bedroom, and four 1‑bedroom units; Three storefronts, with an established business occupying two; 0.1414‑acre property built in 1925
