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    8561 East Ave Mentor, OH 44060

    For Lease
    $15 SF/Yr ($5,502 /Mo)

    Spacious Office Suites, Ideal Location

    Lot size:
    4,402 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Mentor, Ohio office property at 8561 East Ave offers 4,402 square feet of versatile space in a single-story building. Currently, 2,000 square feet of contiguous space is immediately available, with a maximum of 2,402 contiguous square feet possible. The property features a total of two suites, perfect for a single tenant or multiple smaller businesses. The building is classified as Class C and sits on a 0.65-acre lot, zoned M-1 (Light Industrial), offering flexibility for various business types. Ample parking is provided with 22 spaces available for tenants and their clients. The property's address is 8561 East Ave, Mentor, OH 44060. The minimum divisible space is 2,000 square feet, making it suitable for a range of business needs. This location provides easy access to major transportation routes and amenities. The property's APN is 16B052P000380. This is a fantastic opportunity to secure a well-located and functional office space in a thriving community. Don't miss out on this chance to establish your business in a prime Mentor location.

    Property Features for 8561 East Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,402 SF
    Class
    C
    Total Rate
    5502.5

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    8561 East Ave
    Size
    2,000 SF
    Rate per SF
    $15

    HighLights

    • 4,402± SF Two‑Unit Office Building
    • 2,402± SF Rear Unit - Leased
    • 2,000± SF Front Unit - Available
    • Five Private Offices
    • Conference Room
    • Reception Area & Lobby
    Property Profile Insight Report 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
    -81.333908727561
    Latitude
    41.680608140342

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office Suites, Ideal Location
    Where is this office property / space located?
    The property is located at 8561 East Ave Mentor, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 4,402± SF Two-Unit Office Building; 2,402± SF Rear Unit - Leased; 2,000± SF Front Unit - Available
    Request Owner's contact information
    8561 East Ave 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
    8561 East Ave Mentor, OH 44060
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