Mixed-Use Building with
17020 Madison Avenue, Lakewood, OH 44107
For Sale
$849,000
CommercialSale, Lakewood, OH
Property SizeContact for details
Lot Size0.14 Acres
Days on Market90
Property Features for 17020 Madison Avenue
General Information
Property type
Property subtype
Zoning description
Rooms
Parking
Parking features
Elementary school district
Middle school district
High school district
Directions
Special listing conditions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
off street parking
Building Details
Year built
Number of units
Roof type
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: Oct 15
Last Checked: Nov 9 at 4:06AM
MLS# 5233468
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Investment Insights
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Built in 1925 on 0.1414 acres, this mixed-use property at 17020 Madison Avenue combines six apartments with three storefronts. The residential component includes one three-bedroom unit, one two-bedroom unit, and four one-bedroom units. An established business occupies two of the three commercial spaces.
Property improvements include updated electrical service, vinyl windows, and newer flooring, paint, and appliances throughout the units, completed over the past 5 years. The building includes a basement, forced-air natural-gas heating, public water, public sewer, and a rolled hot-mop and rubber roof. Off-street parking is available behind the building on Cordova Avenue, with additional parking-lot features identified.
Property improvements include updated electrical service, vinyl windows, and newer flooring, paint, and appliances throughout the units, completed over the past 5 years. The building includes a basement, forced-air natural-gas heating, public water, public sewer, and a rolled hot-mop and rubber roof. Off-street parking is available behind the building on Cordova Avenue, with additional parking-lot features identified.
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 mixed‑use property built in 1925
Property Analytics
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
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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
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Market
Properties on Market for Mixed-use properties in Cuyahoga County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units and storefronts combine within a maintained mixed-use property.
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 $849,000.
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 mixed‑use property built in 1925
