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    Heisley Rd Mentor, OH 44060

    For Sale
    $1,033,140

    15 Acres, M-1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 15.42-acre parcel of land, located on Heisley Road in Mentor, Ohio (zip code 44060), presents a unique investment opportunity. The property boasts 585 feet of frontage on Heisley Road and is zoned M-1, Light Industrial, allowing for a variety of commercial and industrial uses with conditional use permits. The site features all utilities readily available. Its strategic location offers excellent visibility and accessibility, situated adjacent to LaMalfa's Party Center and Hotel, and in close proximity to State Route 2, State Route 44, and Interstate 90, ensuring high traffic volume. This prime location makes it ideal for a range of developments, including hotels, fast-food restaurants, or storage facilities. The property's APN is 16B065000005 and 16B065000006. Further enhancing its appeal, economic incentives may be available for qualified projects. This high-traffic area presents a compelling opportunity for significant return on investment. The asking price for this exceptional property is $1,033,140.

    Property Features for 0 Heisley Rd

    General Information

    Property type
    Land
    Lot Size
    671,695 SF

    HighLights

    • 15.42± acres of land.
    • Parcel Numbers 16‑B‑065‑0‑00‑006 & 16‑B‑065‑0‑00‑005.
    • M‑1 Light Industrial zoning (with conditional use permits for commercial development).
    • 585± feet of Heisley Road frontage.
    • All utilities available on‑site.
    • Adjacent to LaMalfa's Party Center and Hotel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.302035580401
    Latitude
    41.712809379896

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    FAQs

    What type of property is this?
    Land - 15 Acres, M-1 Zoning, High Traffic
    Where is this land located?
    The property is located at Heisley Rd Mentor, OH.
    What is the asking price?
    The asking price for this property is $1,033,140.
    What are key features of this property?
    This property features: 15.42± acres of land.; Parcel Numbers 16-B-065-0-00-006 & 16-B-065-0-00-005.; M-1 Light Industrial zoning (with conditional use permits for commercial development).
    Request Owner's contact information
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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
    Heisley Rd Mentor, OH 44060
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