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Retail Opportunity in Mentor, Ohio
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8445 Market St, Mentor, OH 44060

43,227 SF retail space with expansion potential in Mentor.

Space Size18,000 SF
Days on Market934

Property Features for 8445 Market St

General Information

Standard status Active
Size 18,000 SF
Property subtype Retail, Land

Building Details

Tenancy Multiple

Spaces For Lease

at 8445 Market St Contact us

Available Space 5

Size
18,000 SF
Availability
Active
Contact us
Listing Agency: Anchor Retail
Listed By: Jimmy DiFonzo · License #OH SAL2021003195
Source: Crexi
Added: Feb 15, 2024 Changed: Sep 5 Last Checked: Sep 5 at 7:20AM

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 Anchor Retail

Investment Insights

Based on property information with market context.

This property presents a big box retail opportunity, featuring 43,227 square feet of space. Located in Mentor, Ohio, at the northeast quadrant of Center Street (SR 615) and Lakeland Freeway (SR 2), the site offers excellent highway visibility from SR 2, which sees over 60,000 vehicles per day. The property allows for a building expansion of up to 15,000 to 18,000 square feet for ground lease or build-to-suit options. The surrounding area boasts strong demographics, including estimated median household incomes of over $85,000 within a three-mile radius. Mentor is ranked 6th in the state for retail sales volumes, establishing the city as a regional shopping and dining destination.

Key Highlights

  • Excellent highway visibility from SR 2 with over 60,000 VPD
  • Strong area demographics, including estimated median HH incomes of $85,000 + within a three (3) mile radius
  • Mentor is ranked 6th in the state for retail sales volumes, making the city a regional shopping and dining destination

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Restaurant Pharmacy Hair Salon Nail Salon Hotel & Motel Food Market

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

579
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

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?
Retail space - 43,227 SF retail space with expansion potential in Mentor.
Where is this retail space located?
The property is located at 8445 Market St Mentor, OH.
What are key features of this property?
This property features: Excellent highway visibility from SR 2 with over 60,000 VPD; Strong area demographics, including estimated median HH incomes of $85,000 + within a three (3) mile radius; Mentor is ranked 6th in the state for retail sales volumes, making the city a regional shopping and dining destination
(440) 856-3900 Call to check price and availability
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