Mixed-Use Property in Akron,
21 West North Street Akron, OH 44304
For Sale
Contact for pricing
Mixed-use property featuring lofts and event center in Akron.
Property Size54,854 SF
Price / SF$103.91
Days on Market76
Property Features for 21 West North Street
General Information
Standard status
Active
Size
54,854 SF
Property subtype
Retail, Multifamily, Mixed Use
Building Details
Year Built
2016
Listing Agency:
Hanna Commercial Real Estate Cleveland
(216) 861-5105
Listed By:
John Lubinski · License #OH 2019006622
Source:
Crexi
Added: May 14
Changed: Jul 10
Last Checked: Jul 27 at 6:28PM
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 Hanna Commercial Real Estate Cleveland
Investment Insights
Based on property information with market context.
This mixed-use property in Akron, Ohio, encompasses 54,854 square feet and includes Cascade Lofts and Trailhead Banquet & Event Center. The property is suitable for retail, multifamily, and residential income purposes, presenting a variety of commercial real estate opportunities.
Key Highlights
- Cascade Lofts
- Trailhead Banquet & Event Center
- Additional Property Details
Financial Insights For Apartment 5plus
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 | $842.6k | $15.36 |
| − Vacancy | −$43.0k | −$0.78 |
| EGI | $799.6k | $14.58 |
| − OpEx | −$359.8k | −$6.56 |
| NOI | $439.8k | $8.02 |
54,854 SF · lease $15.36/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Retail
$8.85M
$7.74M – $10.32M
NOI $619,340 @ 7.0% cap · market cap 10.87%
Second Best
Mixed Use
$8.29M
$7.25M – $9.67M
NOI $580,081 @ 7.0% cap · market cap 10.18%
Theoretical Best
Office A
$13.46M
$11.78M – $15.71M
NOI $942,316 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring lofts and event center in Akron.
Where is this mixed-use property located?
The property is located at 21 West North Street Akron, OH.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Cascade Lofts; Trailhead Banquet & Event Center; Additional Property Details
