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Mixed-Use Property with Hair Salon
For Sale
$495,000

7362 Center Street, Mentor, OH 44060

A rented upper-floor apartment adds a residential component to the property’s commercial space.

Property SizeContact for details
Days on Market607

Property Features for 7362 Center Street

General Information

Standard status Active
Property subtype Mixed Use

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Mixed-Use Components retail, residential
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $3,353

Building Details

Year Built 1941
Listing Agency: Life Stages Realty LLC
Listed By: Nicolette Kuebeler · License #2022002552
Source: Lifestagesrealty
Added: Feb 27, 2025 Changed: Oct 26 Last Checked: Oct 26 at 2:11PM

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 Life Stages Realty LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 1941, this mixed-use property includes an operating hair salon, a rented apartment on the upper floor, and a lower level. The salon is not fitted with permanently attached salon structures, allowing its interior arrangement to be changed. The lower level is identified as additional space that could accommodate a rental or business use.

Key Highlights

  • Operating hair salon with no permanently attached salon structures
  • Rented apartment on the upper floor
  • Additional space on the lower level

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Carpet & Flooring 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

1
Residential units

Location Intelligence

Trade Area within ½ mile

824
Businesses Nearby

Demographics for 44060, OH

60,360
Population
27,276
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
39.9 sq mi
ZIP Area
1,513
Density / Sq Mi
$85,881
Median Household Income
$51,736
Median Earnings
$1,156
Median Rent
$227,200
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A rented upper-floor apartment adds a residential component to the property’s commercial space.
Where is this mixed-use property located?
The property is located at 7362 Center Street Mentor, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Operating hair salon with no permanently attached salon structures; Rented apartment on the upper floor; Additional space on the lower level
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