14021 Madison AVE Lakewood, OH 44107
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Subdivision Cleveland Trust Cos Richland
MLS Listing ID 5119554
HOA Y/N No
Year Built 1922
Annual Tax Amount $11,002
Tax Year 2024
Lot Size 6,346 Sqft
Acres 0.1457
Property Sub-Type Mixed Use
Property Description
This well-maintained mixed-use commercial building offers a rare blend of residential and retail space in a high-visibility location. Boasting six total units, the property features two street-level storefronts with excellent exposure on Madison, perfect for attracting steady commercial tenants.
Above and behind the storefronts are four fully leased apartments, including one first-floor unit and three second-floor units. The two front-facing apartments enjoy abundant natural light and charming Juliet balconies overlooking Madison, adding a touch of character and appeal.
All residential units have been extensively remodeled, featuring new drywall, modern appliances, fresh carpet, and updated paint throughout. The property includes clean, spacious basements with in-unit washers and dryers and ample storage for tenant convenience.
Parking is a standout feature, with off-street parking for four vehicles and an additional covered garage—a rare asset in this area.
Whether you're an investor seeking strong rental income or an owner-occupant looking for a versatile property, this updated and fully leased building offers excellent value and long-term potential. Fabulous location and Fantastic income potential!
Location
State OH
County Cuyahoga
Rooms
Basement Full, Interior Entry, Concrete, Storage Space, Unfinished
Interior
Heating Forced Air
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Driveway, Detached, Garage, On Site, Paved, Parking Lot, Varies by Unit
Water Access Desc Public
Roof Type Flat,Rubber
Total Parking Spaces 4
Garage true
Building
Story 2
Entry Level Two
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 314-24-008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard