Plumbed Salon or Office
240 E Lake Street Lakeview, OH 43331
For Sale
$169,900
COMMERCIAL - Lakeview, OH
Property Size1,008 SF
Lot Size0.24 Acres
Price / SF$168.55
Days on Market79
Property Features for 240 E Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Patio and Porch features
Porch
Standard status
Active
APN
470171809003000
Size
1,008 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1969
Building materials
Brick
Listing Agency:
Key Realty
(877) 539-7589
Listed By:
Melissa Bosley
(877) 539-7589
Added: May 12
Changed: Jul 12
Last Checked: Jul 29 at 5:06AM
MLS# 1045762
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 property is an improved commercial space with an open interior layout. The space is fully plumbed for a hair and nail salon, providing a base build-out for salon operations.
The offering is located at 240 E Lake Street in Lakeview, Ohio, with street-facing presence described as high visibility. The property also benefits from “exceptional street visibility” and a steady flow of daily traffic as noted in the remarks.
While salon use is supported by existing plumbing and an open plan, the listing notes the layout can be adapted for professional offices, medical and wellness, or boutique retail use.
The offering is located at 240 E Lake Street in Lakeview, Ohio, with street-facing presence described as high visibility. The property also benefits from “exceptional street visibility” and a steady flow of daily traffic as noted in the remarks.
While salon use is supported by existing plumbing and an open plan, the listing notes the layout can be adapted for professional offices, medical and wellness, or boutique retail use.
Key Highlights
- 1969‑built commercial property with brick construction
- Heating: natural gas forced air; cooling: central air
- Open interior layout and includes a porch
Financial Insights For Office B
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 | $21.7k | $21.53 |
| − Vacancy | −$5.2k | −$5.15 |
| EGI | $16.5k | $16.38 |
| − OpEx | −$4.1k | −$4.10 |
| NOI | $12.4k | $12.29 |
1,008 SF · lease $21.53/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$177.0K
$154.8K – $206.5K
NOI $12,387 @ 7.0% cap · market cap 7.29%
Second Best
Healthcare Medical
$142.8K
$125.0K – $166.6K
NOI $9,997 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$203.5K
$178.0K – $237.4K
NOI $14,243 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Flexible interior with an open layout and plumbing in place for a hair and nail salon.
Where is this spa & wellness property located?
The property is located at 240 E Lake Street Lakeview, OH.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1969‑built commercial property with brick construction; Heating: natural gas forced air; cooling: central air; Open interior layout and includes a porch
