MixedUse at 7362 Center Street, Mentor
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$495,000

7362 Center Street
Mentor, OH 44060
Listed by Mark C Zervos · Platinum Real Estate
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1941

About this home

Rare Triple-Income Opportunity in the Heart of Mentor! Don’t miss this incredible chance to own a highly visible, income-producing commercial property on bustling Center Street in Mentor! This prime location offers maximum exposure and ample parking, making it an ideal investment or business opportunity. Currently operating as a thriving hair salon, this well-established business has a loyal clientele and a steady flow of new customers. The space is easily adaptable, as no salon structures are permanently fixed, allowing for a seamless conversion to suit a new business venture. Adding to its income potential, the property features a rented upstairs apartment, perfect for an owner-occupant looking to live and work in one location or as a source of passive rental income. Additionally, the lower level offers a third income opportunity—whether as another rental unit, additional business space, or a live/work setup. With ample parking and endless possibilities, this property is perfect for entrepreneurs, investors, or business owners looking to expand. Whether you're seeking a multi-use investment or a new location for your growing business, this property offers it all! Schedule a showing today and explore the potential of this exceptional property!

Property details

MLS #
5102874
Property type
MixedUse
Subdivision
N/A
Status
Active
Days on market
361
On market date
February 27, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
15
Lot size
0.2 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Mentor Schools Online
1.27 mi away · Grades 0-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
128
Student:teacher ratio
14.2:1
District
Mentor Exempted Village
Middle
Memorial Middle School
1.2 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
842
Student:teacher ratio
16.8:1
District
Mentor Exempted Village
High
Mentor High School
1.7 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,567
Student:teacher ratio
19.9:1
District
Mentor Exempted Village

Walkability

Blended score for Mentor's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

77
Walkable
out of 100
EPA National Walkability Index
14.2 / 20 -- Above average walkable
Google Places amenity density
85 / 100
Restaurants & cafes20
Grocery stores7
Parks3
Schools2
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in Mentor, from live MLS data.

On the market 361 days -- 314 more days than Mentor's current average of 47 days.
For reference, the median list price across 96 active listings in Mentor right now is $314,950.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,131/mo
$99,000 down
$396,000 loan
Principal & interest$2,568
Property tax (est.)$413
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated February 23, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.