Investment property for sale. Looking for a great 1031 tax free exchange property? Multi-tenant industrial building in Mentor, Ohio. Built in 2006 out of masonry and steel construction. 22 units have all separated utilities (gas and electric) and drive-in doors. Flat member roof with a transferable 20-year Everguard Diamond Pledge NDL Roof Guarantee that started in 12/17/21. Steady stream of income and with few vacancies over the past 20 years. Sale does not include entire parcel and Seller will provide lot split at closing per preliminary sketch that provides Buyer approximately 1.9 acres of land with building. Rent roll and financials will be provided upon execution of SNDA document. 2025 Net income was approximately $135,591.00. Current occupancy is at 77% with gross income of $164,544 allowing for value add with addition of leased units.
Details
MLS #
5228685
Listing Type
For Sale
Style
Commercial
Sub-Type
Resale
Status
Pending
Year
2006
Days On Site
81
Listing Provided By
Keller Williams Greater Cleveland Northeast | Rick Osborne
Features
SQ Feet
20,736
Units
22
Building(s)
1
Zoning
Industrial - Light
Acreage
1.86
Parking
Parking Features
Circular Driveway, Concrete
Taxes
Tax Annual Amount
21929.29
Area Information
State
OH
County
Lake
City
Mentor
Zip Code
44060
Community Name
Mentor Township 07
Listing VS Median (in Mentor Township 07)
Price: $1,848,000
low | high
Med: $1,848,000
50% of Average
sqft: 20,736
low | high
Med: 20,736
50% of Average
$ / sqft: $89
low | high
Med: $89
50% of Average
On site: 81
low | high
Med: 81
100% of Average
Sourced by Back At You
Market Activity 44060
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 9
Avg $ Per SqFt: $177.22
Min Sale Price: $104,000
Max Sale Price: $610,000
Med Sale Price: $301,000
Date: Aug 2026
Sales: 38
Avg $ Per SqFt: $164.63
Min Sale Price: $145,000
Max Sale Price: $735,000
Med Sale Price: $315,000
Date: Jul 2026
Sales: 64
Avg $ Per SqFt: $161.02
Min Sale Price: $55,000
Max Sale Price: $600,000
Med Sale Price: $274,525
Date: Jun 2026
Sales: 77
Avg $ Per SqFt: $152.4
Min Sale Price: $10,000
Max Sale Price: $655,000
Med Sale Price: $260,000
Date: May 2026
Sales: 70
Avg $ Per SqFt: $159.36
Min Sale Price: $66,000
Max Sale Price: $1,050,000
Med Sale Price: $293,500
Date: Apr 2026
Sales: 75
Avg $ Per SqFt: $156.25
Min Sale Price: $102,500
Max Sale Price: $1,300,000
Med Sale Price: $278,495
Date: Mar 2026
Sales: 56
Avg $ Per SqFt: $167.3
Min Sale Price: $140,000
Max Sale Price: $615,000
Med Sale Price: $281,250
Date: Feb 2026
Sales: 42
Avg $ Per SqFt: $161.95
Min Sale Price: $28,000
Max Sale Price: $700,000
Med Sale Price: $264,950
Date: Jan 2026
Sales: 44
Avg $ Per SqFt: $176.9
Min Sale Price: $100,000
Max Sale Price: $1,975,000
Med Sale Price: $292,500
Date: Dec 2025
Sales: 32
Avg $ Per SqFt: $136.74
Min Sale Price: $1,800
Max Sale Price: $710,000
Med Sale Price: $220,000
Date: Nov 2025
Sales: 49
Avg $ Per SqFt: $141.39
Min Sale Price: $1,710
Max Sale Price: $515,000
Med Sale Price: $272,900
Date: Oct 2025
Sales: 55
Avg $ Per SqFt: $153.99
Min Sale Price: $128,000
Max Sale Price: $720,000
Med Sale Price: $259,900
Sourced by Back At You
Sep 2026
Sales:
9
Avg $ Per SqFt:
$177.22
Min Sale Price:
$104,000
Max Sale Price:
$610,000
Med Sale Price:
$301,000
Aug 2026
Sales:
38
Avg $ Per SqFt:
$164.63
Min Sale Price:
$145,000
Max Sale Price:
$735,000
Med Sale Price:
$315,000
Jul 2026
Sales:
64
Avg $ Per SqFt:
$161.02
Min Sale Price:
$55,000
Max Sale Price:
$600,000
Med Sale Price:
$274,525
Jun 2026
Sales:
77
Avg $ Per SqFt:
$152.4
Min Sale Price:
$10,000
Max Sale Price:
$655,000
Med Sale Price:
$260,000
May 2026
Sales:
70
Avg $ Per SqFt:
$159.36
Min Sale Price:
$66,000
Max Sale Price:
$1,050,000
Med Sale Price:
$293,500
Apr 2026
Sales:
75
Avg $ Per SqFt:
$156.25
Min Sale Price:
$102,500
Max Sale Price:
$1,300,000
Med Sale Price:
$278,495
Mar 2026
Sales:
56
Avg $ Per SqFt:
$167.3
Min Sale Price:
$140,000
Max Sale Price:
$615,000
Med Sale Price:
$281,250
Feb 2026
Sales:
42
Avg $ Per SqFt:
$161.95
Min Sale Price:
$28,000
Max Sale Price:
$700,000
Med Sale Price:
$264,950
Jan 2026
Sales:
44
Avg $ Per SqFt:
$176.9
Min Sale Price:
$100,000
Max Sale Price:
$1,975,000
Med Sale Price:
$292,500
Dec 2025
Sales:
32
Avg $ Per SqFt:
$136.74
Min Sale Price:
$1,800
Max Sale Price:
$710,000
Med Sale Price:
$220,000
Nov 2025
Sales:
49
Avg $ Per SqFt:
$141.39
Min Sale Price:
$1,710
Max Sale Price:
$515,000
Med Sale Price:
$272,900
Oct 2025
Sales:
55
Avg $ Per SqFt:
$153.99
Min Sale Price:
$128,000
Max Sale Price:
$720,000
Med Sale Price:
$259,900
MLS Number: 5228685
Rick Osborne – (440) 299-5190 – rick.osbornejr@kw.com
Keller Williams Greater Cleveland Northeast – (440) 255-5500 – noreenmarlowe@kw.com
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MLS Number: 5228685
Rick Osborne – (440) 299-5190 – rick.osbornejr@kw.com
Keller Williams Greater Cleveland Northeast – (440) 255-5500 – noreenmarlowe@kw.com