9222-26 Madison AvenueCleveland, OH 44102

9222-26 Madison AvenueCleveland, OH 44102

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$399,900 Active
Commercial - Business MLS 5190318

Listed By

Agency Name: Home Suite Home Property Management
Agency Contact: 216-862-1005, homesuitehomepm@gmail.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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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!

9222-26 Madison Avenue | MLS# 5190318

This commercial property located at 9222-26 Madison Avenue, Cleveland, OH 44102 is currently listed for sale with an asking price of $399,900. 9222-26 Madison Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Unfinished
Basement: Yes
Cooling: None
Heating: Forced Air, Gas
Lot Size: 5,240.00 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $9,215 / year
Year Built: 1910

Feature Descriptions

Fencing: Chain Link
Parcel#: 001-30-021
Parking: Assigned, Paved, On Street
Security: Security System
Sewer: Public Sewer
Units: 6
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 9222-26 Madison Avenue, Cleveland, OH 44102
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau