Financial
Distress signals
Property profile

154 Main St Painesville, OH 44077

FOR LEASE
Office buildings
Property ID
US66-5937820
6,700 SF 0.04 ac lot Built 1835
Last sale Dec 2025 · $220,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 154 Main Street in Downtown Painesville near the town square, this street-level commercial storefront contains 1,675 SF of retail/restaurant space with historic architectural features including decorative tin ceilings and original wood floors suitable for refinishing. The space previously operated as a coffee shop and bar and includes existing bar infrastructure, plumbing, and two restrooms. A basement level of approximately 1,675 SF provides additional areas for storage, food

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$53k
Assessed land$10k
Assessed improvement$43k
Effective rate15.17%

Value estimate

· Sep 2026
$205k
$185k – $226k
AI approach$205k
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 103,133.33% cap applied$15k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$89/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$56 – $137

Cap rate analysis

How does the asset earn?
103,133.33%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-3
B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, P...
General categoryMIXED_USE
JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.9
Skin Care Clinic9.8
HVAC Service9.8

Location

154 Main St Painesville, OH 44077
County assessor Recorded deeds · 4 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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