20
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$440,000
Est. payment /mo
5,240 Acres Lot
New
9222-26 Madison AVE Cleveland, OH 44102
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5147097
HOA Y/N No
Year Built 1910
Annual Tax Amount $9,180
Tax Year 2024
Lot Size 5240.000 Acres
Acres 5240.0
Property Sub-Type Mixed Use
Property Description
Prime Investment Opportunity – 2 Buildings on One Parcel in Madison Area 9222-9224 Madison Ave and 1987-1989 W. 93rd.
Seize the chance to own a versatile, income-producing property in the growing Madison area! This unique parcel features two buildings with 4 fully leased residential units and 2 white-box retail spaces ready for your vision. Lead Certification. 9222-24 Madison has 2 units with 3 bedrooms 1 bath. 1987-89 W. 93d has 2 units with 3 bedrooms and 1.5 baths. ADT security system in retail space.
Current Annual Rental Income: $52,800 from residential tenants
Additional Retail Potential: Two vacant retail units can easily generate $1,600+ per month once leased
Value-Add Opportunity: Adjacent lots available through the Cuyahoga Land Bank at a minimal cost – expand, redevelop, or create additional parking
Prime Location: High-visibility area with strong foot and vehicle traffic
Endless Possibilities: Ideal for an investor looking to increase income, a developer seeking a multi-use project, or an owner-occupant ready to put their business front and center
With solid residential income already in place and retail spaces ready for tenants, this property offers immediate cash flow with room to grow.
Call today to schedule a showing and explore the potential!
Seize the chance to own a versatile, income-producing property in the growing Madison area! This unique parcel features two buildings with 4 fully leased residential units and 2 white-box retail spaces ready for your vision. Lead Certification. 9222-24 Madison has 2 units with 3 bedrooms 1 bath. 1987-89 W. 93d has 2 units with 3 bedrooms and 1.5 baths. ADT security system in retail space.
Current Annual Rental Income: $52,800 from residential tenants
Additional Retail Potential: Two vacant retail units can easily generate $1,600+ per month once leased
Value-Add Opportunity: Adjacent lots available through the Cuyahoga Land Bank at a minimal cost – expand, redevelop, or create additional parking
Prime Location: High-visibility area with strong foot and vehicle traffic
Endless Possibilities: Ideal for an investor looking to increase income, a developer seeking a multi-use project, or an owner-occupant ready to put their business front and center
With solid residential income already in place and retail spaces ready for tenants, this property offers immediate cash flow with room to grow.
Call today to schedule a showing and explore the potential!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Paved, On Street
Fence Chain Link
Water Access Desc Public
Roof Type Flat
Total Parking Spaces 1
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 001-30-021
Security Features Security System
Special Listing Condition Standard
Listed by Lori A Peterson • Home Suite Home Property Management • 216-862-1005, homesuitehomepm@gmail.com
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