17020 Madison AVE Lakewood, OH 44107
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5233468
HOA Y/N No
Year Built 1925
Annual Tax Amount $13,513
Tax Year 2025
Lot Size 6,159 Sqft
Acres 0.1414
Property Sub-Type Retail
Property Description
Prime income-producing commercial property in the heart of Lakewood, offering immediate rental income. The property features 6 apartments and 3 storefronts, providing a strong mix of residential and commercial income. The apartments include one 3-bedroom, one 2-bedroom, and four 1-bedroom units. One established business currently occupies two of the three storefronts. Ideally located near Lakewood's vibrant downtown, shops, restaurants, parks, and entertainment, with convenient access to Lake Erie, Edgewater Park, Gordon Park, and downtown Cleveland. Just a short distance from Cleveland, this is an excellent opportunity for investors seeking a turnkey commercial property in a highly desirable location. Updated electrical, vinyl windows, all units have been painted and have newer flooring and appliances over the past 5 years, well maintained. Rare off street parking behind building on Cordova Ave.
Location
State OH
County Cuyahoga
Community Laundry Facilities
Rooms
Basement Exterior Entry, Concrete, Storage Space, Walk-Out Access
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Additional Parking, Concrete, On Site, Off Street, Parking Lot
Community Features Laundry Facilities
Water Access Desc Public
Roof Type Rubber,Rolled/Hot Mop
Present Use Multi-Family,Mixed Use,Retail
Total Parking Spaces 5
Building
Foundation Block
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 313-21-028
Special Listing Condition Real Estate Owned
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