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Property profile & analytics
OFF-MARKET
Banks

113 Main St Painesville, OH 44077-3414

11,634 SF 0.2 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-2332424
Property summary
AI-generated overview

This three-story, 24,663 square foot commercial building at 113 Main Street, Painesville, Ohio, offers a unique opportunity for businesses seeking office space in a vibrant downtown location. Located in the heart of the NEW MARKET URBAN RENEWAL PROJECT within the DOWNTOWN PAINESVILLE submarket cluster, this Class B building boasts 14 individual suites ranging from a minimum of 200 square feet to a maximum contiguous space of 6,500 square feet. Built in 1900 and extensively renovated in 2022, the property features attractive traditional and creative office spaces with ceiling heights ranging from 8 to 15 feet. The building is zoned B-3 Central Business, allowing for a variety of commercial uses. While elevators are not available, the building offers 24/7 access and is considered a secure environment. Multiple tenancy options are available, making it ideal for businesses of various sizes. The landlord is business-friendly and offers attractive leasing incentives and flexible lease terms. This prime location at the intersection of Main Street and St. Clair offers excellent visibility and accessibility. The property is situated in Lake County, Ohio, with a zip code of 44077.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1900
Total area 11,634 SF
Lot 0.2 ac (8,756 SF)
Zoning code B3
APN 15-C-001-0-00-043-0
UPID US66-2332424
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
113 Main St LLC · 3 yrs held
113 Main St LLC
since 2023
Last sale
$190,000
7 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
2021
$190,000
2019
Price N/A
2017
$127,800
2017
Price N/A
Zoning & alternative use
B3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Painesville, OH
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