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Dawn Semancik

dawnsemancikhomes@gmail.com +1(216) 650-0746

$1,848,000

Est. payment - /mo

1.86 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Mentor Township 07

MLS Listing ID 5228685

HOA Y/N No

Year Built 2006

Annual Tax Amount $21,929

Tax Year 2025

Lot Size 1.860 Acres

Acres 1.86

Property Sub-Type Commercial

Property Description

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.

Location

State OH

County Lake

Rooms

Basement None

Interior

Heating Gas, Space Heater

Fireplace No

Exterior

Parking Features Circular Driveway, Concrete

Fence None

Water Access Desc Public

Roof Type Membrane

Present Use Industrial

Total Parking Spaces 70

Building

Sewer Public Sewer

Water Public

Schools

School District Mentor Evsd - 4304

Others

Tax ID 16-B-059-0-00-021-0

Acceptable Financing Cash, Conventional, Contract

Listing Terms Cash, Conventional, Contract

Special Listing Condition Standard

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IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Rick Osborne • Keller Williams Greater Cleveland Northeast • rick.osbornejr@kw.com, 440-299-5190

NEARBY SCHOOL & BUSINESS

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Dawn Semancik

+1(216) 650-0746

Team Leader License ID: SAL.2016005292

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9010 Tyler BLVD Mentor, OH 44060

Dawn Semancik

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION