Painesville, OH Commercial Real Estate for Lease and Sale

Explore 31 listings of Painesville commercial real estate to find the best space for your business.

1585 & 1613 Mentor Avenue

1585 Mentor Avenue, Painesville, OH
Property

Retail

127,795 SF
Availability

1 Space

4,750 SF
Year Built

1975
For Lease Contact for pricing
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2257 Mentor Ave

2257 Mentor Ave, Painesville Township, OH
Property

Retail

66,000 SF
Availability

1 Space

66,000 SF
For Lease Contact for pricing
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Fixer-upper Tavern/Restaurant with a Large Apartment

367 North State, Painesville, OH
Property

Retail

4,308 SF
Year Built

1890
For Sale

$149,000
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Vacant Industrial Land

River Street, Grand River, OH
Property

VacantLand
For Sale

$2,254,800
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What type of listing property are you looking for?

Office Retail Industrial

Office Retail Industrial Land
Mentor Ave Development Site

1536-1544 Mentor Ave, Painesville, OH
Property

VacantLand
For Sale

Subject To Offer
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20.1 Acres of Vacant Industrial Land in Grand River, Ohio

William Street, Grand River, OH
Property

VacantLand
For Sale

$1,200,000
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Mentor Ave Development Site

1536-1544 Mentor Ave, Painesville, OH
Property

VacantLand
Availability

2 Spaces

7,600 Acre
For Lease Contact for pricing
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Former Cleveland Motorcars

1650 Mentor Ave, Painesville, OH
Property

Retail

10,458 SF
Year Built

1962
For Sale

$649,000
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466 W Jackson St

466 W Jackson St, Painesville, OH
Property

VacantLand

4.45 Acre
For Sale

$575,000
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1344 W Jackson St

1344 W Jackson St, Painesville, OH
Property

Office

2,560 SF
Year Built

1959
For Sale

$299,000
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925 Callendar Blvd

925 Callendar Blvd, Painesville, OH
Property

Industrial

34,580 SF
Availability

1 Space

20,000 SF
Year Built

1999
For Lease

$4.25/SF/YR
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1000 Bacon Road

1000 Bacon Rd, Painesville, OH
Property

VacantLand

10 Acre
For Sale

$350,000
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444 Newell Street

444 Newell Street, Painesville, OH
Property

Industrial

8,199 SF
Year Built

1980
For Sale

$700,000
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1000 Bacon Rd

1000 Bacon Rd, Painesville, OH
Property

VacantLand

38 Acre
For Sale

$1,330,000
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Osborne Concrete & Stone

Osborne Concrete & Stone, Fairport Road, OH
Property

VacantLand

16 Acre
Availability

1 Space

16 Acre
For Lease Contact for pricing
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Painesville Land

1936 Mentor Ave, Painesville, OH
Property

VacantLand

3.15 Acre
For Sale

$1,150,000
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Renaissance Pkwy

Renaissance Pkwy, Painesville, OH
Property

VacantLand

5.84 Acre
For Sale

$243,600
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15 Mentor Ave

15 Mentor Ave, Painesville, OH
Property

Office

11,955 SF
Availability

1 Space

10,640 SF
For Lease

$10.00/SF/YR
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2115 Mentor Avenue

2115 Mentor Avenue, Painesville, OH
Property

Retail

21,694 SF
For Sale Contact for pricing
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382 Blackbrook Rd

382 Blackbrook Rd, Painesville, OH
Property

Retail

9,188 SF
Year Built

1998
For Sale Contact for pricing
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1522 Mentor Ave

1522 Mentor Ave, Painesville, OH
Property

Retail

9,000 SF
Availability

1 Space

1,050 SF
Year Built

1994
For Lease Contact for pricing
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8 E Erie St

8 E Erie St, Painesville, OH
Property

Retail

980 SF
Availability

1 Space

980 SF
Year Built

1994
For Lease Contact for pricing
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Osborne Concrete & Stone

Osborne Concrete & Stone, Fairport Road, OH
Property

VacantLand

16 Acre
For Sale Contact for pricing
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1640 Mentor Ave

1640 Mentor Ave, Painesville, OH
Property

Retail

3,154 SF
Availability

1 Space

1,340 SF
Year Built

1958
For Lease Contact for pricing
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Former Cleveland Motorcars

1650 Mentor Ave, Painesville, OH
Property

Retail

10,458 SF
Availability

1 Space

10,458 SF
Year Built

1962
For Lease

$5,000.00/MO
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1920 Fairport Nursery Rd

1920 Fairport Nursery Rd, Fairport Harbor, OH
Property

Industrial

44,980 SF
Year Built

1946
For Sale Contact for pricing
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466 W Jackson St

466 W Jackson St, Painesville, OH
Property

Industrial

21,326 SF
Year Built

1928
For Sale

$575,000
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2163 Mentor Avenue

2163 Mentor Avenue, Painesville, OH
Property

Retail

40,000 SF
Availability

1 Space

4,600 SF
For Lease Contact for pricing
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1025-1083 Mentor Ave

1025-1083 Mentor Ave, Painesville, OH
Property

VacantLand

4.81 Acre
For Sale Contact for pricing
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56 Liberty St

56 Liberty St, Painesville, OH
Property

Office

29,700 SF
Availability

4 Spaces

6,921 SF
Year Built

1970
For Lease

$9.99 - $10.43/SF/YR
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720 Mentor Avenue, Painesville, OH, 44077

720 Mentor Ave, Painesville, OH
Property

VacantLand
For Sale

$102,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Painesville commercial real estate market incorporates 44,215 square feet of office space across 4 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Painesville commercial real estate market includes 237,035 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Painesville market, there is a total of 109,085 square feet of industrial property.

The listing inventory in Painesville incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Painesville is represented by Retail space, which accounts for 89,178 square feet of available listings. Industrial space available in Painesville adds up to 20,000 square feet.

Meanwhile, most of the listings of commercial property for sale in Painesville are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Painesville, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $10.43 per square foot.

Conversely, the highest sale price last year was $1,600,000 that is located at 8 North State Street.

The average size of a commercial property in Painesville depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Painesville, the average size of an office property is 14,739 square feet.
Retail properties here incorporate an average of 23,704 square feet.
Industrial space in Painesville is in buildings that are, on average 27,272 square feet in size.

Painesville, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Painesville currently add up to 331,879,699 square feet. The market offers 3 active office listing(s), which amount to 17,561 square feet and account for 23% of commercial spaces on the market. Local retail availability includes 89,178 square feet across 7 retail space(s). Industrial space for rent opportunities in Painesville amount to 20,000 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	3	17,561
Retail	7	89,178
Industrial	1	20,000
Other	2	331,752,960

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Painesville, OH. Currently, there is 122,795 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 4 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	2,560
Retail	4	45,648
Industrial	3	74,505
Other	11	82

Painesville, OH Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Painesville, OH?

What factors affect the price of commercial real estate in Painesville, OH?

What are the best areas for commercial real estate in Painesville, OH?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Painesville, OH?

Painesville, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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