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Industrial Warehouse Facility
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559 Bank St, Painesville, OH 44077

Industrial facility with warehouse space, mezzanine area, small office, and multiple loading doors and indoor docks.

Property Size43,200 SF
Lot Size4.31 Acres
Days on Market138

Property Features for 559 Bank St

General Information

Standard status Active
Size 43,200 SF
Lot size 4.31 Acres
Property subtype INDUSTRIAL
Zoning M-2

Warehouse & Industrial

Clear Height 38.4 ft
Drive-In Doors 5
Heavy Power Yes
Sprinkler System Yes

Building Details

Year Built 1957
Listing Agency: Global Real Estate Advisors
Listed By: Timothy Sawicki
Source: Globalcommercialre
Added: May 19 Changed: Sep 12 Last Checked: Oct 2 at 5:07PM

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 Global Real Estate Advisors

Investment Insights

Based on property information with market context.

This multi-parcel industrial facility totals approximately 43,200 square feet, including a 32,200 square foot warehouse, a 10,800 square foot mezzanine, and about 200 square feet of office space. Improvements include a dry sprinkler system, radiant tube heating, and metal-halide and T8 lighting. Power service is listed as 600 amp, 480 volt, 3-phase and 200 amp, 240 volt, 3-phase. Clear ceiling heights range from 18 feet to 38.4 feet, and the facility includes multiple cranes with a 10-ton, 3-ton, and jib crane.

Loading and access are supported by two indoor docks sized 20 feet by 25 feet and five drive-in doors sized 17 feet by 15 feet.

The property is zoned M-2 (Industrial) and is described as located in Painesville, with power supplied by the City of Painesville.

Key Highlights

  • 43,200± SF total industrial facility with 32,200± SF warehouse and 10,800± SF mezzanine
  • 200± SF office included
  • 4.31± acres across three parcels zoned M‑2, industrial

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Auto Parts Store Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

38 ft
Clear height
5
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Storage Rentals of America — 649 Hoyt St, Painesville, OH 44077
  • Park Place Storage — 61 E Washington St, Painesville, OH 44077

Frequently Asked Questions

What type of property is this?
Warehouse - Industrial facility with warehouse space, mezzanine area, small office, and multiple loading doors and indoor docks.
Where is this warehouse located?
The property is located at 559 Bank St Painesville, OH.
What are key features of this property?
This property features: 43,200± SF total industrial facility with 32,200± SF warehouse and 10,800± SF mezzanine; 200± SF office included; 4.31± acres across three parcels zoned M‑2, industrial
More about this property
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