Retail and Service
150 E Lake Street Lakeview, OH 43331
For Sale
$219,900
COMMERCIAL - Lakeview, OH
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$91.63
Days on Market147
Property Features for 150 E Lake Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 18
- Parking features
- Parking Lot
- Appliances
- Gas Water Heater, Water Softener Owned
- Standard status
- Active
- APN
- 470171809009000
- Size
- 2,400 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1930
- Flooring type
- Vinyl
- Building materials
- Masonry, Vinyl Siding
Listing Agency:
Key Realty
(877) 539-7589
Listed By:
Ryan Beelman
(877) 539-7589
Added: Feb 27
Changed: Jul 9
Last Checked: Jul 24 at 6:06PM
MLS# 1043990
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained commercial building totals 2,400 sq ft above grade and includes a full basement. The property has been updated with a new roof, siding, flooring, and storefront windows and doors completed in 2024. Electrical and plumbing systems were updated in 2021, and the building offers both single-phase and three-phase electric. The space currently operates as a furniture store and tanning salon, with prior operation as a salon, spa, and tanning studio, supporting flexible uses for the right operator.
Located in Lakeview, the property sits at 150 E Lake Street and is described as being two blocks from Indian Lake and steps from the waterfront and downtown core, providing direct access and visibility. A paved lot adjacent to the building provides 18 parking spaces.
The configuration includes a retail/service storefront and full basement area, complemented by dedicated on-site parking for customers and staff.
Located in Lakeview, the property sits at 150 E Lake Street and is described as being two blocks from Indian Lake and steps from the waterfront and downtown core, providing direct access and visibility. A paved lot adjacent to the building provides 18 parking spaces.
The configuration includes a retail/service storefront and full basement area, complemented by dedicated on-site parking for customers and staff.
Key Highlights
- Versatile 2,400 sq ft commercial building with full basement, currently used as a furniture store and tanning salon
- Major 2024 updates: new roof, siding, flooring, storefront windows, and doors
- Electrical and plumbing fully updated in 2021; both single‑phase and three‑phase electric available
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.9k | $5.80 |
| − Vacancy | −$498 | −$0.21 |
| EGI | $13.4k | $5.59 |
| − OpEx | −$4.0k | −$1.68 |
| NOI | $9.4k | $3.91 |
2,400 SF · lease $5.80/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$134.2K
$117.4K – $156.6K
NOI $9,395 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.5K
$423.9K – $565.2K
NOI $33,913 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Peach's Herb and Flower LLC — 180 S Main St, units 8&9, 180 S Main St, Lakeview, OH 43331
FAQs
What type of property is this?
Storefront property - Well-maintained 2,400 sq ft building with updated roof, siding, and storefront windows plus an 18-space paved parking lot.
Where is this storefront property located?
The property is located at 150 E Lake Street Lakeview, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Versatile 2,400 sq ft commercial building with full basement, currently used as a furniture store and tanning salon; Major 2024 updates: new roof, siding, flooring, storefront windows, and doors; Electrical and plumbing fully updated in 2021; both single‑phase and three‑phase electric available
