5348 E Lake Road, Sheffield Lake, OH 44054
Sunset Cc Allotment · Lorain County
Key Facts
Description
This location is waiting for you and your investors to turn it into a destination spot on Lake Rd. There are multiple ways to stream revenue here. The main dining area is 1500 square feet and boasts a 53 foot long bar. There is a separate 600 square foot dining room that is prfect for smaller private events or overflow dining on busy nights. Another part of the building is a 1600 square foot banquet hall currenly leased month-to-month by a private billiards club. Yet another bar found in the basement could be the VIP lounge or green room for entertainmnt before they take the stage. Included inthis sale, to the west of the restaurant is another .63 acre lot that could be developed with outdoor volleyball or beautified green space for events. The right vision and capex can turn this location into a unique experience that people will travel to enjoy. Book your showing today.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1996
Stories
1
Living Area
8,508 sq ft
Lot Size
1.33 acres
Days on Market
289
MLS® Listing#
5109955
Property Features
Cooling
Heating
Basement
Parking
Fencing
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$15,324
Tax year 2024
Parcel Number
03-00-033-104-012
Directions
From I-90: exit west on SR-611; north on Abbe, east on Lake Rd.
Affordability Calculator
$140,000
Estimated monthly payment
$3,726/mo
Principal $560,000 · Est. interest $781,250 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sheffield Lake, OH
- $440,000
- Median Listing Price
- 39
- Median Days on Market
- 2,283
- Median Sq Ft
- $191
- Median Price / Sq Ft
- 112
- Active Listings
- This home’s price is 59% above the area median.
- Its price per sq ft is 57% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sheffield Lake, OH.
Location
Points of Interest in Sheffield Lake, OH
Showing the Sheffield Lake area map.
Nearby Schools
Knollwood Elementary School
Elementary · 1.2 mi away
St Thomas School
School · 1.3 mi away
Westview Elementary School
Elementary · 1.5 mi away
Tennyson Elementary School
Elementary · 1.6 mi away
Troy Intermediate Elementary School
Secondary · 1.9 mi away
Brookside High School
Secondary · 2.4 mi away
Redwood Elementary School
Elementary · 2.4 mi away
Brookside Intermediate School
Elementary · 2.4 mi away
Forestlawn Elementary School
Elementary · 2.4 mi away
Sheffield-Sheffield Lake City Schools
School · 2.5 mi away
Brookside Middle School
Secondary · 2.5 mi away
Saint Joseph School
Elementary · 2.6 mi away
Goddard School
School · 2.8 mi away
Jack & Jill Nursery School
Elementary · 2.9 mi away
Avon Lake High School
Secondary · 2.9 mi away
Barr Elementary School
Elementary · 3.2 mi away
Erieview Elementary School
Elementary · 3.3 mi away
Le Chaperon Rouge
Elementary · 3.4 mi away
Avon Montessori
Elementary · 3.6 mi away
Avon Village Elementary School
Elementary · 3.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 32736 Sandridge Run, Avon Lake, OH | $494,150 | 3 | 3 | 2,067 |
| 5454 Schueller Boulevard, Sheffield Lake, OH | $495,000 | 4 | 4 | 3,600 |
| 5318 New Haven Court, Sheffield Village, OH | $498,500 | 4 | 3 | 3,972 |
| 2160 Lake Breeze Road, Sheffield Village, OH | $499,500 | 4 | 3 | 2,688 |
| 606 Monteforte Court 43, Avon Lake, OH | $499,900 | 3 | 3 | 2,472 |
| Normandy Road, Lake Milton, OH | $499,999 | — | — | — |
Moving Cost Estimate
EXIT Agents in Sheffield Lake
Listing Courtesy: Russell Real Estate Services - SellingWithSzafran@gmail.com, 440-822-8265
Last Updated: 2025-03-27