Retail Unit for Sale - Available Immediately

For Sale - Former Sears at Great Lakes Mall Redevelopment Opportunity

Highlights

  • THE OPPORTUNITY: Former department store at Great Lakes Mall in Mentor, Ohio
  • TOTAL SITE AREA: 20.01 Acres
  • TOTAL GLA: 208,712 SF + 19,771 SF Free Standing former Auto Center
  • NO OPERATING AGREEMENT: Restrictive operating agreements have expired at this property.
  • ZONING: The property is currently zoned as B-2 General Business, an expansive zoning classification for various uses.
  • In the 2019 election, Mentor voted yes to approve a new Planned Infill Development Districts, which includes this location.
  • THE PROPERTY is located 20 miles northeast of Cleveland along the Lake Erie shore. Great Lakes Mall is the only regional mall in Lake County and a major Northeast Ohio shopping destination. Conveniently located along SR 20 between Route 2 and I-90, the center serves a captive audience, with the next closest regional mall more than 25 minutes away.
  • MENTOR houses one of Northeast Ohio’s super-regional trade areas, which encompasses all of Lake County, Ohio’s 230,041 people and parts of eastern Cuyahoga County. > MENTOR is a growth and target expansion market for retailers, with new national Tenants entering the market; Menards, Meijer, Hobby Lobby, Round1, At Home and more.

Overview

CBRE exclusively presents the opportunity to acquire the former Sears department store in Mentor, Ohio at Great Lakes Mall located at 7875 Johnnycake Ridge Road in Mentor, Lake County, Ohio consisting of 20.01 acres of land situated as part of the 1,252,000-square foot regional mall, Great Lakes Mall. The property is a three-story, approximately 208,712 square foot retail building and a free standing two-story building which includes an approximate 19,771 square foot auto center. Sears closed in September 2017.
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Location Description

The Property is located in the heart of the major retail trade area, attached to the area’s thriving regional mall, 1.25 Million Square Foot Great Lakes Mall with 150 stores (owned by Washington Prime) as the only regional mall within a 20-mile radius and is also located across from Great Lakes Plaza, Erie Commons and dense retail and restaurant properties along Mentor Avenue.

Sizes and Measurements

Total Space Available

20 ac

Pricing Information

FOR SALE

Contact Broker for Pricing

Photos

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