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Brick Mixed-Use Building
For Sale
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Pending

13701 Madison Ave, Lakewood, OH 44107

Six-unit configuration combines apartments, storefronts, a full basement, and rear paved parking.

Property Size6,078 SF
Lot Size0.17 Acres
Days on Market472

Property Features for 13701 Madison Ave

General Information

Standard status Pending
Size 6,078 SF
Lot size 0.17 Acres
Property subtype Mixed Use
Zoning Retail with walk-up apartments (4970 use)
Occupancy 83%
Investment Type Value Add
Net Operating Income $31,200

Units

Unit Mix 3 x 2bed, 1 x 1bed
Multifamily Units 4

Building Details

Year Built 1922
Buildings 1
Construction brick
Tenancy Multi
Listing Agency: KW Commercial
Listed By: Erin Thomas · License #oh 20190005940
Source: Crexi
Added: May 16, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:49PM

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 KW Commercial

Investment Insights

Based on property information with market context.

Located at 13701 Madison Ave in Lakewood, this six-unit property combines four residential apartments with two commercial storefronts. The residential mix includes three two-bedroom units and one one-bedroom unit, while the storefronts measure 2,200 SF and 825 SF. Solid brick construction, a full basement, and a 1922 build date add to the building’s physical profile.

The property occupies a 7,610 SF lot and includes an approximately 3,000 SF paved area at the rear for parking. Five of the six units are occupied, representing 83.3% occupancy. Zoning is identified as Retail with walk-up apartments (4970 use). The building is positioned along Lakewood’s Madison corridor, providing a mixed-use format with both residential and commercial components.

Key Highlights

  • Six‑unit building with 4 residential units and 2 commercial storefronts
  • Residential mix includes 3x 2bed and 1x 1‑bed units
  • Storefronts measure 2,200 SF and 825 SF

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Food Market Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

840
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Six-unit configuration combines apartments, storefronts, a full basement, and rear paved parking.
Where is this mixed-use property located?
The property is located at 13701 Madison Ave Lakewood, OH.
What are key features of this property?
This property features: Six‑unit building with 4 residential units and 2 commercial storefronts; Residential mix includes 3x 2bed and 1x 1‑bed units; Storefronts measure 2,200 SF and 825 SF
More about this property
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