Prime commercial opportunity in the historic Painesville Tower! Perfectly positioned within Lake Erie College's student housing, this newly renovated space offers high visibility and a consistent, year-round customer base of students and downtown residents. Whether you are looking to launch a boutique retail shop or a premier dining establishment, this location provides the ideal blend of historic character-complete with unique bank vault features-and modern updates. Secure your place in the heart of downtown Painesville and capitalize on the vibrant foot traffic and academic community in this landmark building. Build to suit, will divide, sq footage is estimated
Details
MLS #
5203294
Listing Type
For Lease
Style
Retail
Status
Active
Year
1957
Days On Site
161
Listing Provided By
Keller Williams Greater Cleveland Northeast | Rick Osborne
Features
SQ Feet
4,000
Zoning
Commercial
Acreage
1.89
Parking
Parking Features
Additional Parking, Parking Lot
Area Information
State
OH
County
Lake
City
Painesville
Zip Code
44077
Community Name
Village/Champion
Listing VS Median (in Village/Champion)
Price: $14
low | high
Med: $14
50% of Average
sqft: 4,000
low | high
Med: 4,000
50% of Average
$ / sqft: $0
low | high
Med: $0
50% of Average
On site: 161
low | high
Med: 161
100% of Average
Sourced by Back At You
Market Activity 44077
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 2
Avg $ Per SqFt: $131.36
Min Sale Price: $165,000
Max Sale Price: $275,000
Med Sale Price: $220,000
Date: Aug 2026
Sales: 32
Avg $ Per SqFt: $139.58
Min Sale Price: $60,000
Max Sale Price: $685,000
Med Sale Price: $240,450
Date: Jul 2026
Sales: 53
Avg $ Per SqFt: $154.93
Min Sale Price: $49,900
Max Sale Price: $660,000
Med Sale Price: $320,000
Date: Jun 2026
Sales: 59
Avg $ Per SqFt: $157.64
Min Sale Price: $98,000
Max Sale Price: $940,000
Med Sale Price: $255,000
Date: May 2026
Sales: 76
Avg $ Per SqFt: $153.17
Min Sale Price: $50,000
Max Sale Price: $745,000
Med Sale Price: $288,700
Date: Apr 2026
Sales: 45
Avg $ Per SqFt: $139.25
Min Sale Price: $26,500
Max Sale Price: $530,000
Med Sale Price: $242,500
Date: Mar 2026
Sales: 54
Avg $ Per SqFt: $148.55
Min Sale Price: $73,000
Max Sale Price: $490,000
Med Sale Price: $240,950
Date: Feb 2026
Sales: 42
Avg $ Per SqFt: $146.96
Min Sale Price: $36,000
Max Sale Price: $550,000
Med Sale Price: $252,450
Date: Jan 2026
Sales: 23
Avg $ Per SqFt: $141.86
Min Sale Price: $20,000
Max Sale Price: $660,000
Med Sale Price: $223,000
Date: Dec 2025
Sales: 21
Avg $ Per SqFt: $234.4
Min Sale Price: $1,500
Max Sale Price: $5,176,470
Med Sale Price: $239,900
Date: Nov 2025
Sales: 40
Avg $ Per SqFt: $115.55
Min Sale Price: $1,450
Max Sale Price: $572,000
Med Sale Price: $212,500
Date: Oct 2025
Sales: 59
Avg $ Per SqFt: $145.29
Min Sale Price: $1,050
Max Sale Price: $725,000
Med Sale Price: $249,900
Sourced by Back At You
Sep 2026
Sales:
2
Avg $ Per SqFt:
$131.36
Min Sale Price:
$165,000
Max Sale Price:
$275,000
Med Sale Price:
$220,000
Aug 2026
Sales:
32
Avg $ Per SqFt:
$139.58
Min Sale Price:
$60,000
Max Sale Price:
$685,000
Med Sale Price:
$240,450
Jul 2026
Sales:
53
Avg $ Per SqFt:
$154.93
Min Sale Price:
$49,900
Max Sale Price:
$660,000
Med Sale Price:
$320,000
Jun 2026
Sales:
59
Avg $ Per SqFt:
$157.64
Min Sale Price:
$98,000
Max Sale Price:
$940,000
Med Sale Price:
$255,000
May 2026
Sales:
76
Avg $ Per SqFt:
$153.17
Min Sale Price:
$50,000
Max Sale Price:
$745,000
Med Sale Price:
$288,700
Apr 2026
Sales:
45
Avg $ Per SqFt:
$139.25
Min Sale Price:
$26,500
Max Sale Price:
$530,000
Med Sale Price:
$242,500
Mar 2026
Sales:
54
Avg $ Per SqFt:
$148.55
Min Sale Price:
$73,000
Max Sale Price:
$490,000
Med Sale Price:
$240,950
Feb 2026
Sales:
42
Avg $ Per SqFt:
$146.96
Min Sale Price:
$36,000
Max Sale Price:
$550,000
Med Sale Price:
$252,450
Jan 2026
Sales:
23
Avg $ Per SqFt:
$141.86
Min Sale Price:
$20,000
Max Sale Price:
$660,000
Med Sale Price:
$223,000
Dec 2025
Sales:
21
Avg $ Per SqFt:
$234.4
Min Sale Price:
$1,500
Max Sale Price:
$5,176,470
Med Sale Price:
$239,900
Nov 2025
Sales:
40
Avg $ Per SqFt:
$115.55
Min Sale Price:
$1,450
Max Sale Price:
$572,000
Med Sale Price:
$212,500
Oct 2025
Sales:
59
Avg $ Per SqFt:
$145.29
Min Sale Price:
$1,050
Max Sale Price:
$725,000
Med Sale Price:
$249,900
MLS Number: 5203294
Rick Osborne – (440) 299-5190 – rick.osbornejr@kw.com
Keller Williams Greater Cleveland Northeast – (440) 255-5500 – noreenmarlowe@kw.com
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The information is being provided by MLS Now Independence OH. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MLS Now Independence OH. All Rights Reserved.
MLS Number: 5203294
Rick Osborne – (440) 299-5190 – rick.osbornejr@kw.com
Keller Williams Greater Cleveland Northeast – (440) 255-5500 – noreenmarlowe@kw.com
