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.
| MLS # | 5228685 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2006 |
| Days On Site | 80 |
| Listing Provided By | Keller Williams Greater Cleveland Northeast | Rick Osborne |
| SQ Feet | 20,736 |
|---|---|
| Units | 22 |
| Building(s) | 1 |
| Zoning | Industrial - Light |
| Acreage | 1.86 |
| Parking Features | Circular Driveway, Concrete |
|---|
| Tax Annual Amount | 21929.29 |
|---|
| 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 sqft: 20,736 low | high Med: 20,736 $ / sqft: $89 low | high Med: $89 On site: 80 low | high Med: 80 | |
| 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 sqft: 20,736 low | high Med: 20,736 $ / sqft: $89 low | high Med: $89 On site: 80 low | high Med: 80 | |