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Two-Building Mixed-Use Property
For Sale
$499,900

17 E Erie Street, Painesville, OH 44077

B-2 zoning applies to the two-parcel assemblage.

Property SizeContact for details
Lot Size0.52 Acres
Days on Market40

Property Features for 17 E Erie Street

General Information

Standard status Active
Lot size 0.52 Acres
Property subtype Retail
Zoning B-2

Additional Details

Mixed-Use Components retail, residential
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $6,343

Building Details

Year Built 1905
Buildings 2
Listing Agency: Keller Williams Greater Cleveland Northeast
Listed By: Rick Osborne · License #2010001710
Source: Lifestagesrealty
Added: Sep 18 Changed: Oct 26 Last Checked: Oct 26 at 3:28PM

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 Keller Williams Greater Cleveland Northeast

Rey
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Investment Insights

Based on property information with market context.

The offering comprises two buildings on separate parcels totaling 0.52 acres. At 17 E. Erie Street, the mixed-use building contains one retail unit and five apartments across its lower, main, and upper levels. The apartments are occupied on month-to-month tenancies. A separate house at 23 E. Erie Street is a nonconforming single-family residence with an efficiency suite in the basement; it is vacant. A small outbuilding behind the properties is also included.

Both parcels are zoned B-2 (Commercial). The sale is offered in as-is, where-is condition, and the seller may remove some, all, or none of the contents before transfer.

Key Highlights

  • Two parcels totaling 0.52 acres
  • B‑2 (Commercial) zoning
  • 17 E. Erie Street building has 1 retail unit and 5 apartments

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

884
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - B-2 zoning applies to the two-parcel assemblage.
Where is this mixed-use property located?
The property is located at 17 E Erie Street Painesville, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two parcels totaling 0.52 acres; B‑2 (Commercial) zoning; 17 E. Erie Street building has 1 retail unit and 5 apartments
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