7362 Center Street, Mentor, OH 44060
Lake County
Key Facts
Description
Rare Triple-Income Opportunity in the Heart of Mentor! Don’t miss this incredible chance to own a highly visible, income-producing commercial property on bustling Center Street in Mentor! This prime location offers maximum exposure and ample parking, making it an ideal investment or business opportunity. Currently operating as a thriving hair salon, this well-established business has a loyal clientele and a steady flow of new customers. The space is easily adaptable, as no salon structures are permanently fixed, allowing for a seamless conversion to suit a new business venture. Adding to its income potential, the property features a rented upstairs apartment, perfect for an owner-occupant looking to live and work in one location or as a source of passive rental income. Additionally, the lower level offers a third income opportunity—whether as another rental unit, additional business space, or a live/work setup. With ample parking and endless possibilities, this property is perfect for entrepreneurs, investors, or business owners looking to expand. Whether you're seeking a multi-use investment or a new location for your growing business, this property offers it all! Schedule a showing today and explore the potential of this exceptional property!
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1941
Stories
2
Lot Size
0.20 acres
Parking Spaces
15
Days on Market
361
MLS® Listing#
5102874
Property Features
Cooling
Heating
Basement
Parking
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$3,353
Tax year 2024
Parcel Number
16-B-038-A-00-059-0
Directions
If coming from Route 2, building will be on left side of 615. If coming from 90 building will be on left side.
Affordability Calculator
$99,000
Estimated monthly payment
$2,635/mo
Principal $396,000 · Est. interest $552,455 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mentor, OH
- $313,043
- Median Listing Price
- 30
- Median Days on Market
- 1,888
- Median Sq Ft
- $148
- Median Price / Sq Ft
- 98
- Active Listings
- This home’s price is 58% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mentor, OH.
Location
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Points of Interest in Mentor, OH
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7185 Maple Street, Mentor, OH | $347,900 | 3 | 2 | 2,100 |
| 7050 Adkins Road, Mentor, OH | $349,900 | 3 | 3 | — |
| 7488 Southwood Road, Mentor, OH | $349,999 | 3 | 2 | — |
| 7059 Hopkins Road, Mentor, OH | $355,000 | 5 | 2 | 2,878 |
| 8780 Jackson Street, Mentor, OH | $359,000 | 4 | 2 | 2,510 |
| 7711 King Memorial Road, Mentor, OH | $359,000 | 4 | 3 | 2,225 |
Moving Cost Estimate
EXIT Agents in Mentor
Listing Courtesy: Platinum Real Estate - markzervosceo@gmail.com, 216-990-2100
Last Updated: 2025-02-27