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Commercial Real Estate for Sale at 797 E Market Street in Akron, OH

Open House Wednesday, November 5, 2025 9:00 am – 12:00 pm

Listing data last changed 10/06/2025 - 8:08pm
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797 E Market Street | Akron

$0 | 0.0 Sq. Ft.

Attention Investors, 40-Unit Luxury Apartment Complex with a Mixed-Use Restaurant Tenant. Online Only. ABSOLUTE AUCTION, all sells to the highest bidder online only. ONLINE BIDDING STARTS: MONDAY, NOVEMBER 3, 2025, 12:00 PM, and ENDS: FRIDAY, NOVEMBER 7, 2025, 12:00 PM. For sale is a 40-unit luxury apartment complex, fully furnished, located at 797 E. Market St., Akron, OH 44305. The property features a first-floor restaurant tenant that will remain, with additional commercial space available for development. The auction includes all apartment furnishings but excludes restaurant equipment. Tenants have access to numerous storage units, and the building is equipped with one elevator. Zoned U-3 Residential, this property supports a mix of luxury living and commercial use. Renovation \u0026 Condition: Completely refurbished from the roof down in 2020, the building is maintenance-free for years to come. Built in 1965, it underwent major improvements in 2019 and 2020, ensuring long-term durability. Financial \u0026 Rental Information: Appraised Value (2019): $5.5 million. Current Occupancy: 60%, transitioning from short-term to long-term rentals. Projected Stabilized Gross Annual Revenue: Exceeds $588,000. Estimated Rental Amounts: 1-bedroom units at $1,000 per month, 2-bedroom units at $1,200 per month (all utilities included by owner). Commercial Space Rent: $9,000 per month (quality common areas for additional entertainment). Additional Features: Includes an additional parking lot, 84 parking spaces. 3-story building with a total size of 66,829 sq. ft., Public utilities, high-end appliances in all units, and accessible common areas. High-end furnishings, electronics, washing machines, and gym equipment. Security system, meeting rooms, and vending available. Convenient location near highways, shopping, hospitals, and restaurants. Potential for Airbnb use with vacant units. The property will be open for viewing on Wednesday, November 5, 2025, from 9:00 AM-12:00 PM. MLSNow 5162500 Directions to property: 797 E. Market St., Akron, OH 44305

MLS Listing ID: 
MLSNow 5162500
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$0
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Akron
Address: 
797 E Market Street, Akron, OH 44305
County: 
Summit
Latitude: 
41.0747130
Longitude: 
-81.4924760
Directions: 
797 E. Market St., Akron, OH 44305
Public Remarks: 
Attention Investors, 40-Unit Luxury Apartment Complex with a Mixed-Use Restaurant Tenant. Online Only. ABSOLUTE AUCTION, all sells to the highest bidder online only. ONLINE BIDDING STARTS: MONDAY, NOVEMBER 3, 2025, 12:00 PM, and ENDS: FRIDAY, NOVEMBER 7, 2025, 12:00 PM. For sale is a 40-unit luxury apartment complex, fully furnished, located at 797 E. Market St., Akron, OH 44305. The property features a first-floor restaurant tenant that will remain, with additional commercial space available for development. The auction includes all apartment furnishings but excludes restaurant equipment. Tenants have access to numerous storage units, and the building is equipped with one elevator. Zoned U-3 Residential, this property supports a mix of luxury living and commercial use. Renovation \u0026 Condition: Completely refurbished from the roof down in 2020, the building is maintenance-free for years to come. Built in 1965, it underwent major improvements in 2019 and 2020, ensuring long-term durability. Financial \u0026 Rental Information: Appraised Value (2019): $5.5 million. Current Occupancy: 60%, transitioning from short-term to long-term rentals. Projected Stabilized Gross Annual Revenue: Exceeds $588,000. Estimated Rental Amounts: 1-bedroom units at $1,000 per month, 2-bedroom units at $1,200 per month (all utilities included by owner). Commercial Space Rent: $9,000 per month (quality common areas for additional entertainment). Additional Features: Includes an additional parking lot, 84 parking spaces. 3-story building with a total size of 66,829 sq. ft., Public utilities, high-end appliances in all units, and accessible common areas. High-end furnishings, electronics, washing machines, and gym equipment. Security system, meeting rooms, and vending available. Convenient location near highways, shopping, hospitals, and restaurants. Potential for Airbnb use with vacant units. The property will be open for viewing on Wednesday, November 5, 2025, from 9:00 AM-12:00 PM.
Community Information
School District: 
Akron CSD - 7701
Community Features: 
Fitness Center
Building Details
Details about the building on a property.
Year Built: 
1965
Living Area: 
0.0
Basement: 
None
Construction
Roof: 
Flat
Porch: 
Patio
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas,Hot Water,Steam
Cooling System: 
Central Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1.63
Lot Size (Area): 
1.63
Lot Features
Parking Type: 
Common,Guest,Lighted,No Garage,On Site,Outside,Paved,Parking Lot,Private,On Street
Fence: 
None
Public Record
Parcel Number: 
6764330
Annual Tax: 
$41,819.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Kiko

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