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    8445 Market St Mentor, OH 44060

    For Lease
    Contact for pricing

    Ohio commercial land, 18,000 sq ft potential.

    Lot size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Mentor Plaza presents a unique opportunity for commercial development in the thriving city of Mentor, Ohio. This 18,000 square foot single-tenant land parcel offers significant potential for expansion, with up to 15,000-18,000 square feet of allowable building expansion, making it ideal for ground lease or build-to-suit projects. Strategically located on the northeast corridor of Center Street (Route 615) and Lakeland Freeway (Route 2), the property boasts exceptional highway visibility from Route 2, benefiting from over 52,300 vehicles per day. This high-traffic location ensures maximum exposure for any commercial venture. The surrounding area demonstrates strong demographics, with estimated median household incomes exceeding $85,000 within a three-mile radius. Mentor's robust economy is further highlighted by its ranking as the 6th highest city in Ohio for retail sales volume, establishing it as a regional hub for shopping and dining. This prime location, coupled with the potential for substantial expansion, makes Mentor Plaza an exceptional investment opportunity in a dynamic and prosperous market. The property is located at 8445 Market St, Mentor, OH 44060, in Lake County.

    Property Features for 8445 Market St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF

    Unit(s) available at that property

    Space
    Size
    18,000 SF

    HighLights

    • 18,000 SF single‑tenant land parcel in Mentor, OH.
    • Allows for 15,000‑18,000 SF building expansion, ideal for ground lease or build‑to‑suit.
    • Exceptional highway visibility on Route 2 (Lakeland Freeway) and Route 615 (Center Street), with over 52,300 vehicles per day.
    • Strong demographics, with median household incomes exceeding $85,000 within a 3‑mile radius.
    • Located in Mentor, OH, a top‑performing Ohio city for retail sales volume.
    • Located at 8445 Market St, Mentor, OH 44060.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3376867
    Latitude
    41.6890343

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    FAQs

    What type of property is this?
    Land - Ohio commercial land, 18,000 sq ft potential.
    Where is this land located?
    The property is located at 8445 Market St Mentor, OH.
    What are key features of this property?
    This property features: 18,000 SF single-tenant land parcel in Mentor, OH.; Allows for 15,000-18,000 SF building expansion, ideal for ground lease or build-to-suit.; Exceptional highway visibility on Route 2 (Lakeland Freeway) and Route 615 (Center Street), with over 52,300 vehicles per day.
    Request Owner's contact information
    8445 Market St Mentor, OH 44060
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    Mentor, OH 44060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8445 Market St Mentor, OH 44060
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