6990 Lindsay DrMentor, OH 44060

Property Details for 6990 Lindsay Dr

Year built

1989

Construction

WOOD

Lot size

0.76 AC

Property size (Sq ft)

12,992 SF

Zone code

MIP

Property type

Healthcare properties

Property subtype

Medical offices

APN

16-B-039-C-00-011-0

APU

16B039C000110

Description

The Lindsay Professional Center, a meticulously maintained two-story building totaling 12,000 square feet, presents a unique opportunity for businesses seeking versatile office space in Mentor's thriving submarket. Situated on a 0.8-acre lot, this multi-tenant property boasts four suites ranging from 1,435 to 2,594 square feet, offering flexibility for various needs. Built in 1989 and extensively renovated in 2020, the building features a modern aesthetic with fully updated common areas and restrooms. Amenities include ample free surface parking, convenient access to SR-2 and Route 615 via signalized corners, and an elevator for accessibility. The property is handicap accessible and includes ADA-compliant restrooms. Multiple private ground-level entrances enhance convenience. The building's construction is masonry. Potential tenants can choose from move-in ready medical suites or raw, unfinished spaces allowing for complete customization. Office space lease rates begin at $15.00 per square foot, plus operating expenses (CAM). This prime location in Lake County, zoned commercial, offers an exceptional opportunity for businesses seeking a well-maintained, versatile, and conveniently located office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,337,260

  6.5%

  $2,157,470

  7%

  $2,003,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,215,272

  Geo Method

  $1,215,272

• Alternative Use

  Use

  Valuation

  Residential

  $2,675,264

  Hospitality

  $2,450,527

  Educational

  $2,038,810

  Medical

  $2,108,928

  Retail

  $3,171,482

Location Insight

City

Mentor

County

Lake

State

Ohio

Latitude

41.6811

Longitude

-81.3418

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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