7721-7723 Mentor Ave, Mentor, OH 44060
- Outlet malls
- 22,500 SF
- 9.13 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 7721-7723 Mentor Ave
- Year built
- 1988
- Lot size
- 9.13 lot acres
- Zone code
- B-2
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 16-B-031-B-00-015-0
- APU
- 16B031B000150
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 30, 2022 | — | 7721 Mentor Avenue LLC | 7721 Mentor Avenue LLC | Intrafamily Transfer · related | — |
| Dec 9, 2021 | — | Satbucks Corporation | 7721 Mentor Avenue LLC | Lease | — |
| Jan 4, 2019 | $1,000,000 | 7721 Mentor Avenue LLC | Tru Trust 2016 LLC | Grant Deed | — |
| Sep 6, 2018 | — | Tru Trust 2016 LLC | Us Property Co II LLC | Grant Deed · related | — |
| Nov 9, 2016 | — | Toys R Us Property Co II LLC | — | Deed · related | $512M · Goldman Sachs Mtg |
| Dec 2, 2009 | — | Toys R Us Property Co II LLC | Toys R Us-delaware INC | Quit Claim Deed | $725M · Bank Of Ny Mellon |
| Sep 1, 2005 | — | Mpo Properties LLC | Toys R Us Ohio INC | Limited Warranty Deed | — |
| — | — | Toys R Us Property Co II LLC | — | Deed Of Trust · related | $512M · Goldman Sachs Mtg |
Description
This prime Mentor, OH retail property offers exceptional opportunities for businesses seeking high visibility and strong demographics. Located at 7721-7723 Mentor Ave, 44060, this multi-tenant strip center boasts two significant spaces: a 22,000 square foot former Petco location (100' x 220') and a 42,500 square foot former Toys"R"Us space (180' x 220'). The property benefits from a robust trade area drawing from Lake and Northern Geauga counties, and enjoys a strategic location directly across from the Great Lakes Mall. This translates to a substantial customer base: over 105,000 people reside within a 5-mile radius, boasting an average household income exceeding $84,000. Furthermore, a significant daytime population of over 24,000 employees works within a 3-mile radius, ensuring consistent foot traffic and potential clientele. The minimum divisible space is 22,500 square feet, with a maximum contiguous space of 42,060 square feet, offering flexibility for various business needs. This exceptional location and substantial space make this property an ideal investment for businesses seeking significant market presence and high growth potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,096,000
- AI Estimate
- $1,502,000
Market price range: $823k - $2.10MMarket price range: $455k - $1.50M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,435,000 Current use
- OFFICE BUILDING
- $2,205,000 Change: +54% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,885,000 Change: +32% Conversion: Difficult
- MEDICAL BUILDING
- $1,585,000 Change: +10% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,570,000 Change: +10% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,465,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3651
- Latitude
- 41.6617
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
