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Modern Office Suites
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8 N State St, Painesville, OH 44077

Planned redevelopment will introduce office space above a ground-level restaurant in a historic downtown setting.

Space Size1,180 SF
Days on Market532

Property Features for 8 N State St

General Information

Standard status Active
Size 1,180 SF
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 8 N State St Contact us

8 N State St $14/SF/Yr

Floor
3
Size
1,180 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, COE
Sublease
No
8 N State Street, located on the corner of State & Main Street, formerly the KeyBank...
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Listing Agency: SVN Summit Commercial Real Estate Advisors
Listed By: Nichole Booker, PhD · License #SAL.2020006237
Source: Moodyscre
Added: Mar 4, 2025 Changed: Aug 8 Last Checked: Aug 17 at 5:59AM

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 at 8 N State St, the 1,180-square-foot property is planned for redevelopment into modern office suites. Marous Development Group will transform the former KeyBank building into a mixed-use project with ground-level restaurant space and three floors of office suites.

The property occupies the corner of State and Main Street in historic downtown Painesville, placing the office component within an active redevelopment setting. The property is offered for rent as part of the planned transformation.

Key Highlights

  • 1,180 square feet of office property
  • Planned transformation of the former KeyBank building
  • Three floors of modern office suites

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Nail Salon Hair Salon

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

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Office units - Planned redevelopment will introduce office space above a ground-level restaurant in a historic downtown setting.
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 $14 SF/Yr.
What are key features of this property?
This property features: 1,180 square feet of office property; Planned transformation of the former KeyBank building; Three floors of modern office suites
(330) 475-5500 Call to check price and availability
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