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$985,000 Just Listed

  • For Sale
  • Active
  • Retail
  • Updated 1 day ago
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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.

Full Property Details for 17020 Madison Ave

General

  • Price: $985,000
  • Taxes: $13,513 (2025)
  • Status: Active
  • Type: Retail
  • Source: 505
  • MLS ID: 5233468
  • Updated: 8/12/2026
  • Added to Site: 1 day(s) ago

Parking

  • Parking Features: Additional Parking, Concrete, On Site, Off Street, Parking Lot

Location

  • County: Cuyahoga
  • Township: Lakewood
  • Driving Directions: Head East toward Cleveland, Exit 164 to McKinley, Left onto McKinley, Right onto Madison, Destination if on your Left.

School Information

  • Elem School District: Lakewood CSD (Cuyahoga)- 1817
  • Midd School District: Lakewood CSD (Cuyahoga)- 1817
  • High School District: Lakewood CSD (Cuyahoga)- 1817

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Basement: Yes
  • Current Bldg. Use: Multi-Family, Mixed Use, Retail
  • Year Built: 1925
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.1414
  • Lot Size: .1414
  • Lot Size Source: Public Records
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $13,513
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Real Estate Owned
  • Disclosures/Rstr.: Owner Is Listing Agent
  • Bank-owned: Yes
  • Property ID: 313-21-028

Listed by Keller Williams Greater Metropolitan, Mathew P Chase and Keller Williams Greater Metropolitan, Christopher M Chase

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Listing agents

— 17020 Madison Ave —

  • Mathew P Chase

    Keller Williams Greater Metropolitan

  • Christopher M Chase

    Keller Williams Greater Metropolitan

matt@chasegrouprealestate.com, 440-452-2000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 17020 Madison Ave

School District:Lakewood City School District
NameGradesDistance
Horace Mann Elementary School
1215 West Clifton Boulevard, Lakewood, OH 44107
PK-50.8 mi
Harding Middle School, Lakewood, OH
16601 Madison Avenue, Lakewood, OH 44107
6-80.2 mi
Lakewood High School, Lakewood, OH
14100 Franklin Boulevard, Lakewood, OH 44107
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 17020 Madison Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/12/2026
Listed
$985,000
146.25%
MLS
5/20/2022
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 17020 Madison Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,445
—
$136,750
53%
2023
$13,445
38%
$89,190
—
2022
$9,725
—
$89,190
—
2021
$9,711
2%
$89,180
10%
2020
$9,501
2%
$81,060
—
2019
$9,330
—
$81,060
—
2018
$9,324
9%
$81,060
18%
2017
$8,547
—
$68,600
—
2016
$8,570
—
$68,600
—
2015
$8,571
-10%
$68,600
-12%
2014
$9,504
1%
$77,950
—
2013
$9,428
—
$77,950
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Greater Metropolitan, Mathew P Chase and Keller Williams Greater Metropolitan, Christopher M Chase

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17020 Madison Avenue, Oakwood, OH 44107 (MLS# 5233468) is a Retail property. 17020 Madison Avenue is currently listed for $985,000 and was received on August 12, 2026. Want to learn more about 17020 Madison Avenue? Do you have questions about finding other Retail real estate for sale in Oakwood? You can browse all Oakwood real estate or contact a Coldwell Banker agent to request more information.

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