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Retail Space with Vault Features
For Lease
$168 SF/Yr NNN

30 South Park Place, Painesville, OH 44077

Newly renovated retail space inside a historic tower setting within Lake Erie College student housing.

Space SizeContact for details
Property Size4,000 SF
Days on Market103

Property Features for 30 South Park Place

General Information

Standard status Active
Size 4,000 SF
Property subtype SCR-COM
Zoning Commercial
Lease Type NNN

Building Details

Building Size 4,000 SF
Year Built 1957
Listing Agency: Keller Williams Realty Greater Cleveland Northeast
Listed By: Rick Osborne Jr. · License #2010001710
Source: Realnex
Added: May 27 Changed: Aug 14 Last Checked: Aug 14 at 6:09AM

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 Realty Greater Cleveland Northeast

Investment Insights

Based on property information with market context.

This newly renovated retail space is located within the historic Painesville Tower and includes unique bank vault features. The property is offered with build-to-suit flexibility and the ability to divide, allowing for customization to support a range of retail concepts or dining setups. The space is positioned as a modern interior within a landmark building, balancing updated condition with distinctive historic character.

The location is described as being within Lake Erie College’s student housing, placing the opportunity in a built-in resident environment. Additional context in the remarks highlights the building’s downtown presence and visibility, reinforcing that the storefront experience is a key component of the offering.

For tenants and operators seeking a distinctive, renovated retail setting, this space offers a starting point for a boutique retail shop or a restaurant concept, with the option for build-to-suit and subdivision to accommodate different layouts. The vault feature and historic tower setting may suit uses that benefit from character-rich interiors and a strong on-site audience. If you’re evaluating space that can be tailored to your program, the property’s stated flexibility and newly renovated condition make it a practical option to review.

Key Highlights

  • Newly renovated retail space inside a historic tower setting within Lake Erie College student housing
  • Historic building built in 1957
  • Property includes unique bank vault features

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Hair Salon HVAC Service Dental Office

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
$25.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

84
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Newly renovated retail space inside a historic tower setting within Lake Erie College student housing.
Where is this retail space located?
The property is located at 30 South Park Place Painesville, OH.
What is the lease rate?
The lease rate is $168 SF/Yr.
What are key features of this property?
This property features: Newly renovated retail space inside a historic tower setting within Lake Erie College student housing; Historic building built in 1957; Property includes unique bank vault features
More about this property
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