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Mixed-Use Property with Storefronts
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53-57 East Exchange Street, Akron, OH 44308

Commercial-zoned building combining residential apartments with street-level retail space and existing occupancy.

Property Size12,144 SF
Price / SF$37.06
Days on Market83

Property Features for 53-57 East Exchange Street

General Information

Standard status Active
Size 12,144 SF
Class C
Property subtype Retail, Mixed Use
Zoning Commercial
Lease Type Gross

Additional Details

Gross Income $38,160
Multifamily Units 7

Building Details

Year Built 1915
Year Renovated 2022
Buildings 1
Tenancy Multi
Listing Agency: eXp Realty
Listed By: Amanda Mercier · License #OH 2019006637
Source: Crexi
Added: Jun 9 Changed: Aug 29 Last Checked: Aug 29 at 3:33PM

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 eXp Realty

Investment Insights

Based on property information with market context.

This mixed-use building contains 12,144 square feet and was constructed in 1915. The property includes 7 residential row apartments along with 3 commercial storefront units, creating a combination of residential and street-level commercial space within one building. Commercial zoning supports the existing mixed-use configuration.

Located at 53-57 East Exchange Street in Akron, Ohio, the property includes an operating income component alongside vacant space. One commercial storefront is occupied, while two are vacant. The residential portion includes 7 apartments, with occupancy reported within the source information. The layout provides separate residential and storefront components for an owner or investor evaluating a mixed-use asset.

Key Highlights

  • 12,144‑square‑foot mixed‑use building
  • 7 residential row apartments
  • 3 commercial storefront units

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nail Salon Electrical Service Spa & Massage Center Veterinary Clinic Storage Facility Hair Salon

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

4,115
Businesses Nearby

Demographics for 44308, OH

1,037
Population
478
Households
2.2
Avg Household Size
30
Median Age
40%
College-Educated
95%
High-School Grad
0.5 sq mi
ZIP Area
2,074
Density / Sq Mi
$15,473
Median Household Income
$8,924
Median Earnings
$733
Median Rent
$433,300
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 - Commercial-zoned building combining residential apartments with street-level retail space and existing occupancy.
Where is this mixed-use property located?
The property is located at 53-57 East Exchange Street Akron, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 12,144‑square‑foot mixed‑use building; 7 residential row apartments; 3 commercial storefront units
(330) 977-5798 Call to check price and availability
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