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Renovated Mixed-Use Building
For Sale
$4,900,000

797 E Market Street, Akron, OH 44305

Commercially zoned property combining apartment residences, restaurant space, hospitality uses, and resident amenities.

Property Size66,829 SF
Price / SF$74.24
Days on Market118

Property Features for 797 E Market Street

General Information

Standard status Active
Size 66,829 SF
Total Parking Spaces 84
Elevators Yes
Property subtype Commercial
Zoning Commercial

Additional Details

Multifamily Units 40

Taxes and HOA fees

Annual Taxes $41,819

Amenities

business center
exercise room
club lounges with workspaces
pool table
private event spaces
onsite laundry
security system
fire system
Coat Room Lounge
Screen Suites

Building Details

Building Size 66,829 SF
Year Built 1965
Year Renovated 2020
Buildings 1
Stories 3
Listing Agency: RE/MAX Crossroads Properties
Listed By: Jessica Nader · License #2019004118
Source: Carolgoffrealestate
Added: May 5 Changed: Aug 28 Last Checked: Aug 29 at 10:20AM

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 RE/MAX Crossroads Properties

Investment Insights

Based on property information with market context.

The 797 Building is a three-story mixed-use property containing more than 66,000 SF, 40 one- and two-bedroom apartment residences, and restaurant space occupied by Alexander Pierce Restaurant. Renovation work completed between 2019 and 2020 included apartment updates, common-area improvements, and installation of energy-efficient mini-split heating and cooling systems. The property also includes a members-only lounge, private dining and theater suites, a business center, exercise room, club lounges with work areas, pool table, event spaces, and onsite laundry. Multiple elevators, security and fire systems, and off-street parking for 84 vehicles support the building’s daily operations.

Located at 797 E Market Street in Akron’s East Market Corridor, the property is near the University of Akron, major medical hubs, and downtown Akron. Commercial zoning supports the building’s mixed-use configuration. The structure was built in 1965.

Key Highlights

  • More than 66,000 SF across three stories
  • 40 one- and two‑bedroom apartment residences
  • Renovations completed between 2019 and 2020

Property Analytics

Current Use

The 797 Building Apartment Building Alexander Pierce Restaurant Restaurant Screen Suites Restaurant Coat Room Lounge Bar & Pub Colehouse Designs Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Restaurant Spa & Massage Center Nail 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

40
Residential units

Location Intelligence

Trade Area within ½ mile

1,993
Businesses Nearby

Demographics for 44305, OH

21,214
Population
10,230
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,166
Density / Sq Mi
$55,909
Median Household Income
$37,409
Median Earnings
$974
Median Rent
$89,900
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 - Commercially zoned property combining apartment residences, restaurant space, hospitality uses, and resident amenities.
Where is this mixed-use property located?
The property is located at 797 E Market Street Akron, OH.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: More than 66,000 SF across three stories; 40 one- and two‑bedroom apartment residences; Renovations completed between 2019 and 2020
More about this property
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