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    161 E Washington St Painesville, OH 44077

    Pending
    For Sale
    $150,000

    COMMERCIAL - Painesville, OH

    Lot size:
    0.05 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 161 E Washington St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    APN
    15-B-001-A-00-004-0
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1969
    Roof type
    Flat, Rubber

    McDowell Homes Real Estate Services (440) 205-2000 [email protected]

    Listing agent Clorice L Dlugos (440) 812-2542 License #2025003178

    Listing date Nov 20, 2025

    Copyright © 2025 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.

    Overview

    Painesville Commercial Building For Sale

    Located in Painesville, Ohio, this freestanding commercial building offers an investment opportunity. The 1,260 square foot brick and block building is situated at 161 E. Washington Street, providing visibility and accessibility. Currently used as a medical office, the property includes gas forced-air heat and central air. The building features a rubber roof that is 10 years old. The interior space is flexible and suitable for a variety of professional uses. A long-term tenant is in place with approximately 3.5 years remaining on the lease, providing consistent income. The property is suitable for investors seeking immediate returns or for owner-users planning for the future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.240866
    Latitude
    41.724323

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    FAQs

    What type of property is this?
    Medical office - Well-maintained commercial building with long-term tenant in place.
    Where is this medical office located?
    The property is located at 161 E Washington St Painesville, OH.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Long-term tenant in place providing consistent income for approximately 3.5 years.; - Excellent visibility and accessibility in the heart of Painesville City.; - Well-maintained 1,260 sq. ft. freestanding brick and block commercial building.
    (440) 812-2542
    Request Owner's contact information
    161 E Washington St Painesville, OH 44077
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    Painesville, OH 44077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    161 E Washington St Painesville, OH 44077
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