Mixed-Use Retail and Apartment
For Sale
$349,900
2757 Cleveland Avenue Northwest, Canton, OH 44709
Mixed-use building with long-term retail tenants, an upstairs apartment, and ample parking near a highway exit.
Property Size6,304 SF
Price / SF$55.50
Days on Market467
Property Features for 2757 Cleveland Avenue Northwest
General Information
Standard status
Active
Size
6,304 SF
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Cap Rate
8%
Highway Access
Yes
Multifamily Units
1
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Hoff & Leigh
(330) 351-5202
Listed By:
Jeff Davis · License #2001007317
(330) 351-5202
Source:
Hoffleigh
Added: Apr 23, 2025
Changed: Jul 10
Last Checked: Aug 1 at 2:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh
Investment Insights
Based on property information with market context.
This 6,304 SF mixed-use building includes two retail tenants on the ground level with an apartment above on the second floor. The property is described as well maintained and currently fully leased, and the retail tenants have been in place for a long period of time. The building features a brand new roof, supporting a durable exterior for ongoing operations. Ample parking is also identified as part of the property.
The building is located just off a highway exit, placing it within easy reach for retail traffic and visibility from nearby roadway access. The offering includes two parcels, providing flexibility for how the site is managed and maintained.
For tenants, this configuration supports retail uses that benefit from a direct street-level presence alongside an income-producing residential unit above. For buyers and operators, the combination of long-term retail occupancy and an apartment on the upper level may appeal to those seeking a mixed-use structure in a well-kept, maintained asset with parking and a recently updated roof. Please contact the listing agents for additional details on the units and lease terms.
The building is located just off a highway exit, placing it within easy reach for retail traffic and visibility from nearby roadway access. The offering includes two parcels, providing flexibility for how the site is managed and maintained.
For tenants, this configuration supports retail uses that benefit from a direct street-level presence alongside an income-producing residential unit above. For buyers and operators, the combination of long-term retail occupancy and an apartment on the upper level may appeal to those seeking a mixed-use structure in a well-kept, maintained asset with parking and a recently updated roof. Please contact the listing agents for additional details on the units and lease terms.
Key Highlights
- 6,304 SF mixed‑use building with two retail tenants and an apartment on the second floor
- Fully leased with retail tenants who have been in the building for a long period of time
- Brand new roof
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $5.86 |
| − Vacancy | −$3.2k | −$0.50 |
| EGI | $33.8k | $5.36 |
| − OpEx | −$12.7k | −$2.01 |
| NOI | $21.1k | $3.35 |
6,304 SF · lease $5.86/SF/yr · vacancy 8.60% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,214 @ 7.0% cap · market cap 32.93%
Second Best
Apartment 5plus
$659.6K
$577.2K – $769.6K
NOI $46,173 @ 7.0% cap · market cap 13.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,942
Businesses Nearby
Explore this area
Business Placement
Demographics for 44709, OH
18,509
Population
9,218
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,191
Density / Sq Mi
$53,144
Median Household Income
$34,941
Median Earnings
$818
Median Rent
$149,400
Median Home Value
Market
Properties on Market for Mixed-use properties in Canton
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with long-term retail tenants, an upstairs apartment, and ample parking near a highway exit.
Where is this mixed-use property located?
The property is located at 2757 Cleveland Avenue Northwest Canton, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 6,304 SF mixed‑use building with two retail tenants and an apartment on the second floor; Fully leased with retail tenants who have been in the building for a long period of time; Brand new roof
