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Two-Building Medical and Retail Site
For Sale
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1536-1544 Mentor Ave, Painesville, OH 44077

Two buildings totaling office/medical and retail space on 2.1 acres with 150' Mentor Avenue frontage.

Property SizeContact for details
Lot Size1.18 Acres
Days on Market1125

Property Features for 1536-1544 Mentor Ave

General Information

Standard status Active
Lot size 1.18 Acres
Property subtype LAND
Zoning B-3

Additional Details

Business Included No
Road Access Yes
Listing Agency: Passov Real Estate Group
Listed By: Bryant Bitar · License #SAL.2012003175
Source: Moodyscre
Added: Aug 15, 2023 Changed: Sep 10 Last Checked: Sep 11 at 11:20AM

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 Passov Real Estate Group

Investment Insights

Based on property information with market context.

This for-sale redevelopment opportunity at 1536-1544 Mentor Ave, Painesville, OH includes two buildings on approximately 2.1 acres with about 150 feet of frontage. The site features a 5,000 SF move-in ready office/medical building and a separate 2,600 SF retail building.

The property is zoned B-3 Commercial. Nearby retail and restaurant activity includes major retailers such as Target, Menards, Walmart, Lowes, Giant Eagle, Sams Club, Bed Bath & Beyond, and HomeGoods, along with restaurants including Dairy Queen, Arby’s, Dunkin, Wendy’s, Chick-fil-A, McDonald’s, Chipotle, Longhorns, and Starbucks, with additional restaurant tenants noted as coming soon.

Local demographics provided with the offering indicate a population of 97,441 people within a 5-mile radius, with an average household income of $108,207.

Key Highlights

  • 2.1‑acre redevelopment site with 150' frontage on Mentor Avenue in Painesville Township
  • Two buildings totaling 7,600 SF: 5,000 SF office/medical space and 2,600 SF retail space
  • Zoned B‑3 Commercial (Painesville Township)

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Building Supply Big Box & Wholesale Store Law Firm

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

494
Businesses Nearby
Balanced
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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Evangelista Anthony J DVM 1777 Mentor Ave, Painesville, OH 44077
  • Crouser Paul R DVM 1777 Mentor Ave, Painesville, OH 44077
  • Wolfe Mark a DVM 1777 Mentor Ave, Painesville, OH 44077
  • Wolfe Herman P DVM 1777 Mentor Ave, Painesville, OH 44077
  • Lake Animal Hospital 1777 Mentor Ave, Painesville, OH 44077

Frequently Asked Questions

What type of property is this?
Medical Office Space - Two buildings totaling office/medical and retail space on 2.1 acres with 150' Mentor Avenue frontage.
Where is this medical office space located?
The property is located at 1536-1544 Mentor Ave Painesville, OH.
What are key features of this property?
This property features: 2.1‑acre redevelopment site with 150' frontage on Mentor Avenue in Painesville Township; Two buildings totaling 7,600 SF: 5,000 SF office/medical space and 2,600 SF retail space; Zoned B‑3 Commercial (Painesville Township)
(216) 363-6456 Call to check price and availability
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