1842 Grace RoadAkron, OH 44312

1842 Grace RoadAkron, OH 44312

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$600,000 Active
Commercial - Business MLS 5164922
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Listed By

Agency Name: Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Agency Contact: 330-867-4266, crr.realestate@gmail.com

Shown By

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

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Property Description

Don't miss this rare opportunity to own a fully-operational ten-unit apartment complex in Springfield Township! Each unit features one bedroom and one bathroom, providing a simple and efficient layout that appeals to long-term tenants and investors alike. This property has undergone major recent upgrades including a brand-new septic system (2025), a new water filtration system, new gas lines and freshly snaked drain lines?offering peace of mind and reducing future maintenance costs. All units are separately metered for electric, and the property offers ample on-site parking for tenants. Conveniently located near I-77 and I-76, residents enjoy quick access to downtown Akron, local employers, restaurants, and retail. Highlights: (10) One-bedroom, one-bath units Brand-new septic system (2025) New water filtration system (2025) New Gas Lines (2025) Separately metered electric Ample on-site parking

1842 Grace Road | MLS# 5164922

This commercial property located at 1842 Grace Road, Akron, OH 44312 is currently listed for sale with an asking price of $600,000. Grace Road is located within the Springfield Local school district. Search Akron real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 15
Heating: Other
Lot Size: 0.99 Acres
Taxes: $4,803 / year
Year Built: 1948

Feature Descriptions

Parcel#: 5105920

Local Schools

School District: Springfield Local

Demographics

Summit County Demographic Information for 1842 Grace Road, Akron, OH 44312
Fips
Fips Code 39153
Population
2020 to 2023 Change down 0.9%
2010 Count 541,781
2020 Count 540,428
2023 Estimate (V2023) 535,733
2020 Estimate (V2023) 540,429
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.5%
18 to 64 54.6%
65 and Older 19.7%
Gender
Male 48.8%
Female 51.2%
Place of Birth
Foreign 5.5%
US 94.5%
Education
High School Graduate, Age 25+ 92.5%
Bachelor's Degree or Higher, Age 25+ 34.6%
Computer and Internet use
Households with a computer 93.6%
Households with a broadband Internet subscription 89.4%
Language
English is Second Language, Age 5+ 6.8%
English is First Language, Age 5+ 93.2%
Veterans
Veterans 27,960
Income
Per Capita Income $40,786
Median Household Income $68,360
People in Poverty 12.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 247,173
Households 228,635
Average Household Size 2.32
Owner-Occupied 66.9%
Multi-Family 22.4%
Owner-Occupied Median Value $182,500
Median selected monthly owner costs -with a mortgage $1,405
Median selected monthly owner costs -without a mortgage $562
Median gross rent $956
Building Permits
New Private Housing Issued 2023 685
Years at Residence
1 Year or More 87.9%
Less Than 1 Year 12.1%
Business and Employment
Private non-farm Establishments 13,393
Private non-farm Employment 241,278
Private non-farm Employment Growth down 0.8%
Nonemployer Establishments 42,765
Number of Firms 48,524
Business Production
Value of Shipments $9,410,730,000
Wholesale Trade $9,120,214,000
Retail Trade $8,582,177,000
Retail Sales Per Capita $15,606
Accommodation and Food Services $1,190,062,000
Land
Land Area 412.75 sq. miles
Population Per Square Mile 1,313

Source: US Census Bureau

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