USAOHSheffield LakeCove Beach Allotment5380 E Lake Rd
5380 E Lake Rd | Image 1
New
5380 E Lake Rd | Image 2
5380 E Lake Rd | Image 3
5380 E Lake Rd | Image 4
5380 E Lake Rd | Image 5
5380 E Lake Rd | Image 6
5380 E Lake Rd | Image 7

$499,000

For Sale

4 days ago

5380 E Lake Rd, Sheffield Lake, OH

House

MLS® 5251343

0 Bed

0 Bath

--

--

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $8,391
Days Active 4
Lot Size 0.4959 Acres
Approx. Age 1956
MLS® Number 5251343

Property Address: 5380 E Lake Rd, Sheffield Lake, OH, 44054-1823

Average square foot calculated using Size range provided by listing agent.

Description

INVESTMENT OPPORTUNITY in Sheffield Lake! This well-established neighborhood strip center at 5380 Lake Rd. offers 6, 812 SF of commercial space on approximately 0.50 acres with six retail units. Five units are currently occupied with established tenants, while the sixth unit is currently available and being offered at $700/month—providing an immediate opportunity to increase rental income. Current scheduled rents total $5, 540/month ($66, 480 annually), with potential gross rental income of approximately $74, 880 annually when fully leased at the current asking rent for the vacant unit. Based on the current rent roll and 2025 operating expenses provided by the owner, the property reflects an estimated 8.4% capitalization rate at the asking price, with potential to exceed 10% once fully leased, subject to actual operating expenses and occupancy. The property is in good overall condition, offering an investor the opportunity to capitalize on below-market rents and future rental growth while benefiting from an established tenant base. Modified gross leases, long-term tenancy, and a proven retail presence add to the appeal. Strategically positioned along Lake Road, this is an excellent opportunity for an investor seeking a stabilized, income-producing commercial property with upside potential. Property, financials, leases, and income/expense information available for qualified buyers.
MLS® Number5251343
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1956
BasementNone
DrivewayAsphalt, Parking Lot
Garage Spaces
HeatGas
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2026List Date
$499,000List Price
-End Date
Not Sold YetSold Price

For Rent

Oct 7, 2026List Date
$700List Price
Jul 26, 2024End Date
$550Sold Price

Leased

Jul 2, 2024List Date
$600List Price
  • Commute

Commute

Starting Address
Destination Address
5380 E Lake Rd, Sheffield Lake, OH

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties

Explore eXpFind an AgentJoin eXpInvestor RelationsCompany CareersHome Guides
eXp LifeZoocasaSUCCESS®SUCCESS® LendingeXp RevenoseXp CommercialeXp LuxuryeXp Land and RanchAccessibility
Terms and ConditionsPrivacy Rights RequestPrivacy PolicyCookie PolicyBrand GuidelinesSitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved