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Bank Building with Drive-Through Lanes
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For Lease
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38201 Mentor Ave, Willoughby, OH 44094

The former bank contains a vault and carries D-B Downtown Business District zoning.

Space Size4,149 SF
Lot Size0.90 Acres
Days on Market3

Property Features for 38201 Mentor Ave

General Information

Standard status Active
Size 4,149 SF
Net Rentable 4,149 SF
Lot size 0.90 Acres
Property subtype RETAIL
Zoning D-B Downtown Business District

Space & Availability

Available Space 4,149 SF
Contiguous Space 4,149 SF

Building Details

Building Size 4,149 SF

Spaces For Lease

at 38201 Mentor Ave
38201 Erie St AVAILABLE, Now
Floor Bldg
Size 4,149 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Freestanding 4,149 SF former bank at main/main on 0.90 AC in Downtown Willoughby - Downtown Willoughby is a walkable historic retail and entertainment district, neighboring Tenants include The Yard on 3rd, Barrio, Pranzo, Wild Goose, Noras Public House, Sage Karma Kitchen, Fionas Coffee, Michaels Bakery and many more! - The bank has a vault and 3 drive-thru lanes / teller windows - Zoned: D-B Downtown Business District - Dense, and growing, population of 46,181 people in a 3 mile radius - Combined traffic counts over 30k VPD at the site (source ODOT TIMS)
Contact us
Listing Agency: CBRE | Cleveland
Listed By: Kevin Moss · License #SAL.2015001299
Source: Moodyscre
Added: Oct 8 Changed: Oct 10 Last Checked: Oct 10 at 2:19AM

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 CBRE | Cleveland

Investment Insights

Based on property information with market context.

This 4,149-square-foot freestanding former bank occupies 0.90 acres in Downtown Willoughby. The building retains a vault and three drive-through lanes with teller windows, providing the physical features of its previous banking use. Zoning is D-B Downtown Business District.

The property is in Downtown Willoughby, a historic retail and entertainment district. Nearby businesses include The Yard on 3rd, Barrio, Pranzo, Wild Goose, Noras Public House, Sage Karma Kitchen, Fionas Coffee, and Michaels Bakery. The stated population is 46,181 within a 3-mile radius, and combined traffic counts at the site are reported as over 30k VPD.

Key Highlights

  • Freestanding former bank building with 4,149 SF on 0.90 AC
  • Vault and 3 drive‑thru lanes with teller windows
  • Zoned D‑B Downtown Business District

Property Analytics

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Current Use

Banks

Suggested Use

Top Pick Dental Office Pharmacy HVAC Service Parking Lot & Garage Grocery & Convenience Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

753
Businesses Nearby

Demographics for 44094, OH

37,634
Population
18,323
Households
2.1
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
948
Density / Sq Mi
$76,125
Median Household Income
$49,393
Median Earnings
$1,155
Median Rent
$247,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Bank - The former bank contains a vault and carries D-B Downtown Business District zoning.
Where is this bank located?
The property is located at 38201 Mentor Ave Willoughby, OH.
What are key features of this property?
This property features: Freestanding former bank building with 4,149 SF on 0.90 AC; Vault and 3 drive‑thru lanes with teller windows; Zoned D‑B Downtown Business District
(216) 577-1517 Call to check price and availability
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