Downtown Painesville Redevelopment
For Lease
$13 SF/Yr
8 N State St, Painesville, OH 44077
Restaurant and office suites available in revitalized downtown Painesville.
Space Size936 SF - 11,378 SF
Property Size35,422 SF
Days on Market315
Property Features for 8 N State St
General Information
Standard status
Active
Size
936 SF - 11,378 SF
Class
A
Property subtype
Office
Lease Term
NNN; MG
Building Details
Building Size
35,422 SF
Year Built
1967
Spaces For Lease
at 8 N State St Contact us203-207 $15/SF/Yr
Size
2,800 SF
Type
Office Building
Term
Negotiable
208 $15/SF/Yr
Size
936 SF
Type
Office Building
Term
Negotiable
213
Size
1,300 SF
Type
Office Building
Term
Negotiable
369 $14/SF/Yr
Size
1,180 SF
Type
Office Building
Term
Negotiable
400 $13 – $15/SF/Yr
Size
11,378 SF
Type
Office Building
Term
Negotiable
Ground Floor - Restaurant or Event Center
Size
6,500 SF
Type
Restaurant
Term
Negotiable
Show more
Listing Agency:
SVN Summit Commercial Real Estate Advisors
Listed By:
Nichole Booker, PhD · License #SAL.2018004350
(330) 475-5500
Source:
Svnsummitcommercial
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Summit Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Located on the corner of State and Main Street, 8 N State Street, formerly the KeyBank building, is undergoing redevelopment as part of the revitalization of historic downtown Painesville. Marous Development Group is transforming the property into a ground-level restaurant and three floors of modern office suites. The property is situated in the heart of historic downtown Painesville, at the intersection of South and Main. The expansive former bank space on the first floor is suitable for a restaurant or distillery, offering up to 6,500 square feet. A tenant improvement allowance and leasing package are available. Modern office suites ranging from 800 to 11,500 square feet are available on the 4th Floor. Built-to-suit suites and competitive lease rates are offered. On-site parking is available. The property is adjacent to the new Grand River Walk mixed-use development project and within the new Hillside Entertainment District. Multiple building upgrades are planned, and a shared break room/lounge and future fitness center are planned.
Key Highlights
- Prime location in the heart of historic downtown Painesville at the intersection of State & Main Street.
- Anchor restaurant space available on the ground floor (up to 6,500 SF) with attractive TI Allowance and leasing package.
- Modern office suites available (800 RSF to 11,500 RSF) with built‑to‑suit options and competitive lease rates.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 44077, OH
58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Restaurant and office suites available in revitalized downtown Painesville.
Where is this office units located?
The property is located at 8 N State St Painesville, OH.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Prime location in the heart of historic downtown Painesville at the intersection of State & Main Street.; Anchor restaurant space available on the ground floor (up to 6,500 SF) with attractive TI Allowance and leasing package.; Modern office suites available (800 RSF to 11,500 RSF) with built‑to‑suit options and competitive lease rates.
