Painesville, OH Commercial Real Estate for Lease and Sale

Explore 27 listings of Painesville commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

8 North State Street

8 North State Street, Painesville, OH
Property

Office

63,012 SF
Availability

1 Space

5,652 SF
Year Built

1967
For Lease Contact for pricing
View Details (opens in new window)
20.1 Acres of Vacant Industrial Land in Grand River, Ohio

William Street, Grand River, OH
Property

VacantLand
For Sale

$1,200,000
View Details (opens in new window)
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
View Details (opens in new window)
Mentor Ave Development Site

1536-1544 Mentor Ave, Painesville, OH
Property

VacantLand
Availability

2 Spaces

7,600 Acre
For Lease Contact for pricing
View Details (opens in new window)
3000 SF Commercial Building with Fenced in Storage Area

178 1st St, Painesville, OH
Property

Retail

3,000 SF
Year Built

1963
For Sale

$99,000
View Details (opens in new window)
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
View Details (opens in new window)
Mentor Ave Development Site

1536-1544 Mentor Ave, Painesville, OH
Property

VacantLand
For Sale

Subject To Offer
View Details (opens in new window)
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
View Details (opens in new window)
Vacant Industrial Land

River Street, Grand River, OH
Property

VacantLand
For Sale

$2,254,800
View Details (opens in new window)
466 W Jackson St

466 W Jackson St, Painesville, OH
Property

Industrial

21,326 SF
Year Built

1928
For Sale

$675,000
View Details (opens in new window)
Not finding the right space?

Tell us where and what you're looking for and the brokers will come to you
1920 Fairport Nursery Rd

1920 Fairport Nursery Rd, Fairport Harbor, OH
Property

Industrial

44,980 SF
Year Built

1946
For Sale

$1,950,000
View Details (opens in new window)
2163 Mentor Avenue

2163 Mentor Avenue, Painesville, OH
Property

Retail

40,000 SF
Availability

1 Space

4,600 SF
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)
Renaissance Pkwy

Renaissance Pkwy, Painesville, OH
Property

VacantLand

5.84 Acre
For Sale

$243,600
View Details (opens in new window)
Former Cleveland Motorcars

1650 Mentor Ave, Painesville, OH
Property

Retail

10,458 SF
Year Built

1962
For Sale

$699,000
View Details (opens in new window)
1151 East Street

1151 East St, Fairport Harbor, OH
Property

Industrial

19,440 SF
Availability

1 Space

19,440 SF
Year Built

1968
For Lease

$7,000.00/MO
View Details (opens in new window)
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
View Details (opens in new window)
1025-1083 Mentor Ave

1025-1083 Mentor Ave, Painesville, OH
Property

VacantLand

4.81 Acre
For Sale Contact for pricing
View Details (opens in new window)
720 Mentor Avenue, Painesville, OH, 44077

720 Mentor Ave, Painesville, OH
Property

VacantLand
For Sale

$102,000
View Details (opens in new window)
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
View Details (opens in new window)
1000 Bacon Rd

1000 Bacon Rd, Painesville, OH
Property

VacantLand

38 Acre
For Sale

$1,330,000
View Details (opens in new window)
Newport Shoppes

1935 Mentor Ave, Painesville, OH
Property

Retail

11,600 SF
Availability

1 Space

1,000 SF
Year Built

1990
For Lease Contact for pricing
View Details (opens in new window)
466 W Jackson St

466 W Jackson St, Painesville, OH
Property

VacantLand

4.45 Acre
For Sale Contact for pricing
View Details (opens in new window)
1000 Bacon Road

1000 Bacon Rd, Painesville, OH
Property

VacantLand

10 Acre
For Sale

$350,000
View Details (opens in new window)
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
View Details (opens in new window)

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 104,667 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 96,208 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 105,186 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 89,128 square feet of available listings. Office space available in Painesville adds up to 23,213 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 34,889 square feet.
Retail properties here incorporate an average of 10,690 square feet.
Industrial space in Painesville is in buildings that are, on average 26,297 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 331,187,781 square feet. The market offers 4 active office listing(s), which amount to 23,213 square feet and account for 28% of commercial spaces on the market. Local retail availability includes 89,128 square feet across 8 retail space(s). Industrial space for rent opportunities in Painesville amount to 19,440 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	4	23,213
Retail	8	89,128
Industrial	1	19,440
Other	1	331,056,000

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 127,292 square feet of commercial property for sale here , which includes , 3 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	3	17,766
Industrial	3	85,746
Other	10	23,780

Painesville, OH Commercial Real Estate for Lease and Sale

8 North State Street

20.1 Acres of Vacant Industrial Land in Grand River, Ohio

2257 Mentor Ave

Mentor Ave Development Site

3000 SF Commercial Building with Fenced in Storage Area

Fixer-upper Tavern/Restaurant with a Large Apartment

Mentor Ave Development Site

1585 & 1613 Mentor Avenue

Vacant Industrial Land

466 W Jackson St

1920 Fairport Nursery Rd

2163 Mentor Avenue

56 Liberty St

Former Cleveland Motorcars

Renaissance Pkwy

Former Cleveland Motorcars

1151 East Street

8 E Erie St

1025-1083 Mentor Ave

720 Mentor Avenue, Painesville, OH, 44077

1640 Mentor Ave

1000 Bacon Rd

Newport Shoppes

466 W Jackson St

1000 Bacon Road

15 Mentor Ave

Frequently Asked Questions

Painesville, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us

About Us

Our Tools

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us