17020 Madison Avenue
17020 Madison Avenue photo 2
17020 Madison Avenue photo 3
17020 Madison Avenue photo 4
17020 Madison Avenue photo 5
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 3
Unit 3
Unit 3
Unit 3
Unit 3
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 5
Unit 5
Unit 5
Unit 5
Unit 5
Unit 6
Unit 6
Unit 6
Unit 6
Unit 6
Storefront 1
Storefront 1
Storefront 1
Storefront 2
Storefront 3
Storefront 3
17020 Madison Avenue photo 45
17020 Madison Avenue photo 46
17020 Madison Avenue photo 47
17020 Madison Avenue photo 48
17020 Madison Avenue photo 49
17020 Madison Avenue photo 50
50 photos

$985,000

17020 Madison Avenue
Lakewood, OH 44107
Listed by Mathew P Chase · Keller Williams Greater Metropolitan
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1925

About this home

Rented Commercial Investment | Lakewood, OH 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.

Property details

MLS #
5233468
Property type
Retail
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.1414 acres
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Hayes Elementary School
0.54 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
271
Student:teacher ratio
16.9:1
District
Lakewood City
Middle
Harding Middle School
0.15 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
469
Student:teacher ratio
15.1:1
District
Lakewood City
High
Lakewood High School
1.29 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,364
Student:teacher ratio
14.8:1
District
Lakewood City

Mortgage calculator

Estimate only — actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$6,082/mo
$197,000 down
$788,000 loan
Principal & interest$5,111
Property tax (est.)$821
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 8 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.