7875 Johnnycake Ridge Rd, Mentor, OH 44060

OH Licensed Auctioneer of Record: Mark Abood, OH Auctioneer License No. 2019000050

For registration requirements and regulations, please review here or contact Alexsis Aguirre | 949-799-4658 | [email protected].

Property tours are available by appointment only. Please contact the listing broke to schedule a tour.

Colliers Retail Capital Markets is pleased to present the opportunity to acquire the former Sears department store building prominently located at the south end of the Great Lakes Mall, at the signalized intersection of Plaza Blvd. and Johnnycake Ridge Road in Mentor, Ohio.

Mentor, Ohio is an affluent suburban community located on the shores of Lake Erie and approximately 20 miles from downtown Cleveland. Over 100,000 residents with an average household income of $92,269 live within a five-mile radius of the Subject Property.

The ±178,287 square foot, two-story former Sears building and the ±19,784 SF former auto center were built in 1964. The Property is one of the anchor buildings to the ±1.37M sq. ft. Great Lakes Mall that features national retailers JCPenney, Dillard’s, Hobby Lobby, Dick’s Sporting Goods, Atlas Cinemas, and many others.

The Offering is an excellent opportunity to create significant value and cash flow by acquiring a vacant former Sears building in a prominent retail location for well below replacement cost with significant redevelopment potential or re-using the existing improvement.

• Non-Contingent

• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price

• Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum

• $10,000 Participation Deposit Required

• Close of Escrow: December 28, 2023

7875 Johnnycake Ridge, Mentor, OH 44060