8820 East Ave, Mentor OH 44060 Photo 1 8820 East Ave, Mentor OH 44060 Photo 2 8820 East Ave, Mentor OH 44060 Photo 3 8820 East Ave, Mentor OH 44060 Photo 4 8820 East Ave, Mentor OH 44060 Photo 5 8820 East Ave, Mentor OH 44060 Photo 6 8820 East Ave, Mentor OH 44060 Photo 7 8820 East Ave, Mentor OH 44060 Photo 8 8820 East Ave, Mentor OH 44060 Photo 9 8820 East Ave, Mentor OH 44060 Photo 10 8820 East Ave, Mentor OH 44060 Photo 11 8820 East Ave, Mentor OH 44060 Photo 12 8820 East Ave, Mentor OH 44060 Photo 13 8820 East Ave, Mentor OH 44060 Photo 14 8820 East Ave, Mentor OH 44060 Photo 15 8820 East Ave, Mentor OH 44060 Photo 16 8820 East Ave, Mentor OH 44060 Photo 17 8820 East Ave, Mentor OH 44060 Photo 18 8820 East Ave, Mentor OH 44060 Photo 19 8820 East Ave, Mentor OH 44060 Photo 20 8820 East Ave, Mentor OH 44060 Photo 21 8820 East Ave, Mentor OH 44060 Photo 22 8820 East Ave, Mentor OH 44060 Photo 23 8820 East Ave, Mentor OH 44060 Photo 24 8820 East Ave, Mentor OH 44060 Photo 25 8820 East Ave, Mentor OH 44060 Photo 26 8820 East Ave, Mentor OH 44060 Photo 27 8820 East Ave, Mentor OH 44060 Photo 28 8820 East Ave, Mentor OH 44060 Photo 29 8820 East Ave, Mentor OH 44060 Photo 30 8820 East Ave, Mentor OH 44060 Photo 31 8820 East Ave, Mentor OH 44060 Photo 32 8820 East Ave, Mentor OH 44060 Photo 33 8820 East Ave, Mentor OH 44060 Photo 34

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8820 East Ave - Mag-Nif, Inc. produces motorized, novelty, and non motorized banks. It offers animated coin sorting banks, automated sorting devices, digital coin counters, puzzles and games, value pack preformed wrappers for wrapping coins, trim-a-tree and gift wrap bow-making items, and bow pins. The company was founded in 1963 in Mentor, Ohio. The property, land, and equipment are being sold. Total property is approximately 150,000 SF on 7.8 acres of land and will be verified per sale. All plastic injection molding machines, pallet racking, and other assets are for sale and available per separate price and are not including in this price. Multiple expansion of building have occurred from 1963 to present. Warehouse additions occurred in 1994 (40,062 SF), 1995 (11,731 SF), and 2002 (21,085 SF) including previous existing office/manufacturing areas (77,006) improvements and remodeling during the 1990's. Heavy electrical power is brought to property, specifically 1200 amp, 480 Volt, 3-Phase power. Oil/Gas well is included with sale with all mineral right offered in purchase. Addition built in 2002 has standard fire suppression with 26' clear height ideal for rack storage. Remaining clear heights range from 24' to 14' in warehouse and manufacturing areas.

Listing information

  • MLS® ID: 4059822
  • Status: Active
  • New Construction: No
  • Estimated Annual Taxes: $82,992
  • Style: Industrial/Manufacturing
  • Stories: 0
  • Foreclosure: No
  • County: Lake
  • Year Built: 1930
  • Parking Type Description: On Site 183 cars
  • Lot Area: 7.83 Acres

Features

Assessments Y/N No
Available Financing Conventional
Basement Detail None
Cooling Type Central Air
Fences Partial
Freight Amenities Indoor Loading, Truck/Dock(s) Loadin
Heating Fuel Gas
Heating Type Forced Air, Space Heaters
Homestead Exemption Y/N No
Industrial Type Mfg Heavy
Location Freestanding, Industrial Park
Miscellaneous Features Fire Sprinkler Syste, Lunchroom, Meeting/Conf. Room, Private Restroom, Security Lighting, Security System
Other Ceiling Ht - 28, Current Use - Manufacturing and Distribution Property, Dock Door Max Hght - 9, Dock Door Min Hght - 9, Drivein Dr Max Hght - 12, Drivein Dr Min Hght - 10, Industrial Sq Ft - 150000, Num Of Dock Doors Total - 7, Num Of Drivein Drs Total - 3
Owner Pays Pays All
Possession Time of Transfer
Property Subtype Industrial
Retail Type Free Standing
Roof Flat, Metal
Tenant Pays Electric, Gas
Water Sewer Public Sewer, Public Water
Listing Courtesy of Keller Williams Grt Cleve NE