Current Use by Public Records
- Land
Property Details for 8445 Market St
- Property type
- Land
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3377
- Latitude
- 41.689
