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Ground-Level Restaurant and Office Suites
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8 N State St, Painesville, OH 44077

Planned redevelopment converts the former KeyBank building into ground-floor restaurant space and three floors of office suites.

Space Size1,500 SF
Days on Market602

Property Features for 8 N State St

General Information

Standard status Active
Size 1,500 SF
Property subtype OFFICE

Additional Details

Business Included No

Building Details

Stories 4

Spaces For Lease

at 8 N State St
8 N State St AVAILABLE, Now
Floor 2
Size 1,500 SF
Type OFFICE
Rate Contact for pricing
Lease Type MODIFIED_GROSS
Sublease No
8 N State Street, located on the corner of State & Main Street, formerly the KeyBank building, is set to become part of the many redevelopment projects revitalizing historic downtown Painesville. Marous Development Group will transform the property into ground-level restaurant and three floors of modern office suites.
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Listing Agency: SVN Summit Commercial Real Estate Advisors
Listed By: Nichole Booker, PhD · License #SAL.2018004350
Source: Moodyscre
Added: Mar 4, 2025 Changed: Oct 26 Last Checked: Oct 26 at 4:58PM

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

Rey
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Investment Insights

Based on property information with market context.

8 N State St is being redeveloped on the corner of State & Main Street, transitioning from the former KeyBank building into a mixed-use property. The plan calls for ground-level restaurant space with three additional floors of modern office suites.

This offering is positioned in historic downtown Painesville as part of broader redevelopment intended to revitalize the area. The property’s configuration supports a combination of street-facing restaurant use at grade and multiple office levels above.

Key Highlights

  • Former KeyBank building at 8 N State Street on the corner of State & Main Street
  • Planned redevelopment to create ground‑level restaurant space
  • Plans include three floors of modern office suites as part of the redevelopment

Property Analytics

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Open 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

Location Intelligence

Trade Area within ½ mile

803
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
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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

Frequently Asked Questions

What type of property is this?
Office unit - Planned redevelopment converts the former KeyBank building into ground-floor restaurant space and three floors of office suites.
Where is this office unit located?
The property is located at 8 N State St Painesville, OH.
What are key features of this property?
This property features: Former KeyBank building at 8 N State Street on the corner of State & Main Street; Planned redevelopment to create ground‑level restaurant space; Plans include three floors of modern office suites as part of the redevelopment
(330) 475-5500 Call to check price and availability
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