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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?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Oct 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 Qualifying 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 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
124 Liberty, Painesville, OH 44077-3362 $130,000 Jun 2025 4,544 SF
166 Main, Painesville, OH 44077-3403 $250,000 Mar 2024 5,760 SF
180 State, Painesville, OH 44077-3415 $120,000 Oct 2023 3,712 SF
11743 Girdled, Concord Township, OH 44077-9762 $2,825,000 Sep 2022 7,942 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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