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Property profile & analytics
FOR LEASE
Outlet malls

7960 Plaza Blvd Mentor, OH 44060

159,043 SF 11.61 ac lot Built 1973
Trust Owned Free & Clear
Property ID
US66-1553884
Property summary
AI-generated overview

Exceptional retail opportunity in Mentor, Ohio's thriving Great Lakes Plaza & Erie Commons. These adjacent, yet separately owned, power centers boast a strong tenant mix including At Home, Burlington, Michaels, JOANN, Petitti Garden Center, Chuck E. Cheese, and Discount Fashion Warehouse. The properties enjoy a highly visible location on Plaza Boulevard, directly adjacent to the super-regional Great Lakes Mall, ensuring significant foot traffic and brand recognition. Multiple spaces are available, ranging from a substantial 69,490 square foot former grocery store to smaller units of 10,095, 4,200, 3,100, and 1,080 square feet. Specific details on the 10,095 square foot space are available upon request. This presents a unique chance to establish a presence in a robust market. Mentor's diverse economy, encompassing advanced manufacturing, biomedical, aerospace, and polymer industries, supports a large and stable workforce of over 59,000 employees across more than 1,700 companies. The strategic location and established tenant base make this an ideal investment for businesses seeking high visibility and strong consumer traffic in a dynamic and growing community. While connected, Great Lakes Plaza and Erie Commons operate under separate ownership and have distinct property restrictions. Inquire today to learn more about these exceptional retail spaces and secure your place in this thriving commercial hub.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1973
Total area 159,043 SF
Lot 11.61 ac (505,862 SF)
Zoning code B2
APN 16-A-003-0-00-014-0
UPID US66-1553884
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
AI Approach AI
$10.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.12M
Blend (final) Blend
$7.71M
Owner & transaction history
Wff 2019 Revocable Trust
Wff 2019 Revocable Trust
since 2025
4 recorded transactions
2025
Price N/A
2023
$9.7M
2014
$18.4M
2011
$9.1M
Zoning & alternative use
B2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $11.2M +10.5%
Commercial (general) $11.1M +9.6%
Warehouse, storage $10.4M +2.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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