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    38882- Mentor Ave Willoughby, OH 44094

    Sponsored
    For Sale
    $1,950,000

    Willoughby, OH Medical/Office Complex

    Property size:
    4,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Willoughby, Ohio property offers a unique investment opportunity with two buildings totaling approximately 26,958 square feet on a 4.06-acre lot. The main building, constructed in 1992 and renovated in 2002, features 53 offices/exam rooms ranging from 121 to 363 square feet, seven restrooms, multiple kitchens/lab rooms, a vaulted reception area, an elevator, a server/IT room, and an expandable conference center. It's equipped with a sprinkler system. A second, 4,600 square foot single-story building, constructed in 1954 and renovated in 1990, is currently leased. The campus boasts 199 parking spaces and sits on a prominent 305-foot frontage along Mentor Avenue (US Route 20), offering excellent visibility. The property is zoned G-B (General Business) and enjoys a park-like setting. Its convenient location provides easy access to Lake County Executive Airport, SR 2, SR 306, and I-90, making it ideal for a variety of uses, including medical practices, corporate headquarters, sales/administrative offices, or educational facilities. The asking price is $1,950,000. Both buildings are ADA compliant.

    Property Features for 38882- Mentor Ave

    General Information

    Property type
    Medical offices
    Square Feet
    4,600 SF
    Lot Size
    176,854 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Professional office campus with two ADA‑compliant buildings on a 4.06‑acre lot.
    • 26,958+/- SF two‑story office building with 53 offices/exam rooms (121‑363 SF).
    • Seven restrooms, multiple kitchens/lab rooms, vaulted reception area, elevator, server/IT room, and expandable conference center.
    • Sprinkler system.
    • 4,600+/- SF single‑story building, built in 1954, currently leased.
    • 199 parking spaces, 305' frontage on Mentor Ave (US Route 20), zoned G‑B (General Business).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Willoughby
    County
    Lake
    State
    Ohio
    Longitude
    -81.388878335793
    Latitude
    41.646740120035

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    FAQs

    What type of property is this?
    Medical office - Willoughby, OH Medical/Office Complex
    Where is this medical office located?
    The property is located at 38882- Mentor Ave Willoughby, OH.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Professional office campus with two ADA-compliant buildings on a 4.06-acre lot.; 26,958+/- SF two-story office building with 53 offices/exam rooms (121-363 SF).; Seven restrooms, multiple kitchens/lab rooms, vaulted reception area, elevator, server/IT room, and expandable conference center.
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    38882- Mentor Ave Willoughby, OH 44094
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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

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    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
    38882- Mentor Ave Willoughby, OH 44094
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