# 17020 Madison Avenue, Lakewood, OH 44107

> **TL;DR:** commercial, $849,000, built 1925. Est. $4,541/mo. Listed 83 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $849,000 |
| Year Built | 1925 |
| Lot Size | 6,159 sqft (0.14 acres) |
| Property Type | Commercial (Retail) |
| Status | Active |
| Days on Market | 83 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,293 |
| Estimated Insurance | $248 |
| **Total** | **$4,541** |

## Property Highlights

- Built in 1925
- 0.14 acre lot
- 5 parking spaces

## Description

### Agent Description
Rented Commercial Investment | Lakewood, OH | $$97,236$$ in yearly gross income in an increasing rental market. 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

- **Address:** 17020 Madison Avenue, Lakewood, OH 44107
- **County:** Cuyahoga
- **Coordinates:** 41.47773008, -81.81570165
- **Google Maps:** https://www.google.com/maps?q=41.47773008,-81.81570165

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/17020-Madison-Avenue-Lakewood-OH-44107/unbranded

## Listing Agent

- **Name:** Mathew P Chase · **License:** 2013002819
- **Brokerage:** Greater Cleveland
- **Broker Phone:** (216) 839-5500

## Photos

![17020 Madison Avenue - Photo 1](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f480565429r.jpg)

![17020 Madison Avenue - Photo 2](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f3642960557r.jpg)

![17020 Madison Avenue - Photo 3](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f2047008894r.jpg)

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![17020 Madison Avenue - Photo 10](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f2220470405r.jpg)

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![17020 Madison Avenue - Photo 12](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f1438515619r.jpg)

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![17020 Madison Avenue - Photo 27](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f3377145331r.jpg)

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![17020 Madison Avenue - Photo 35](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f2205709812r.jpg)

![17020 Madison Avenue - Photo 36](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f3331741345r.jpg)

![17020 Madison Avenue - Photo 37](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f1444472123r.jpg)

![17020 Madison Avenue - Photo 38](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f2438866451r.jpg)

![17020 Madison Avenue - Photo 39](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f4102979845r.jpg)

![17020 Madison Avenue - Photo 40](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f3790806909r.jpg)

![17020 Madison Avenue - Photo 41](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f1137314981r.jpg)

![17020 Madison Avenue - Photo 42](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f2734189412r.jpg)

![17020 Madison Avenue - Photo 43](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f2858256455r.jpg)

![17020 Madison Avenue - Photo 44](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f1362397626r.jpg)

![17020 Madison Avenue - Photo 45](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f2736288738r.jpg)

![17020 Madison Avenue - Photo 46](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f1444735106r.jpg)

![17020 Madison Avenue - Photo 47](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f240129674r.jpg)

![17020 Madison Avenue - Photo 48](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f1335694210r.jpg)

![17020 Madison Avenue - Photo 49](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f1846807174r.jpg)

![17020 Madison Avenue - Photo 50](http://lh.rdcpix.com/a752c701884d9a09503a898d263b53bcl-f3965810598r.jpg)

---

**MLS#:** 5233468 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/17020-madison-avenue-lakewood-oh-44107-bdd7f2b7fd7c4e54a6bfe5537801c9e1)

---

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