REAL ESTATE AUCTION
Online Only
30,195 SqFt Freestanding Retail Building | Mentor Avenue Corridor | Value-Add Opportunity
Executive Summery
Rare opportunity to acquire a freestanding retail building on Mentor Avenue (U.S. Route 20) — Northeast Ohio's premier retail corridor and the commercial heart of Lake County's 7.9 million square foot retail market.
Positioned along a high-visibility stretch carrying ±20,000 vehicles per day, this property offers immediate frontage exposure to one of the region's most trafficked and established shopping destinations, anchored by Great Lakes Mall and national and regional retailers.The building is delivered vacant, offering an owner-user or investor a clean slate to configure for a single-tenant or multi-tenant use.
Property Highlights
- Mentor Avenue / U.S. Route 20 frontage
- ±20,000 VPD traffic exposure
- Proven retail address with decades of operating history
- Vacant — immediate occupancy or repositioning
- Lake County market vacancy below 5%
- 20 miles northeast of Cleveland; convenient to I-90 and SR 2
ONLINE AUCTION ONLY
Terms and Conditions
A) If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
B) Successful Bidder will be required to enter into the purchase agreement within 2 hrs after close of auction as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% of final Purchase Price by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
C) Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder
or re-listing the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
D) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
E) The real estate sells in AS IS condition. The Seller is not making any repairs or making any concessions.
F) The sale is not contingent upon a satisfactory inspection.
G) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
H) Closing to occur on or before July 31st, 2026.
I) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
J) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
K) There is a 10% (TEN) Buyer’s Premium added to your final bid to determine
the final purchase price.
By registering for this auction you are accepting
all Terms and Conditions!
The bidding will open at 4:00 PM June 15th 2026 and begin to close at 4:00 PM on June 24th, 2026 with a two minute auto extend. This means that if a bid is placed within the last two minutes, the bidding will be extended for an additional two minutes.
What are you waiting for? You truly must see this property in person to fully appreciate it. Register to bid and check out all the documents and photos that we have available for your due diligence. Great investment opportunity!
For Property Information and Tours:
Angela White | EXP REALTY
440-532-3010 | angelawhiterealtor@gmail.com
For Auction Information:
Adrian Walters, CAI Auctioneer | TRANSITION AUCTION GROUP, LLC
Senior Advisor | EXP COMMERCIAL
614-348-8377 | adrian@transitionauctiongroup.com
Auctioneer License # 2019000013
Corporate License # 2025000087
Acknowledgment of Terms and Conditions
If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
Successful Bidder will be required to enter into the purchase agreement within two hours of auction closing as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder or relisting the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
The real estate sells in "AS IS" condition. The Seller is not making any repairs or making any concessions.
The sale is not contingent upon a satisfactory inspection.
The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
Closing to occur on or before 7/15/26.
Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
There is a 10% (Ten Percent) Buyer’s Premium added to your final bid to determine the final purchase price.
