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    5348 E Lake Rd Sheffield Lake, OH 44054

    Pending
    For Sale
    $700,000

    SINGLE_FAMILY - Sheffield Lake, OH

    Type:Retail
    Lot size:
    1.33 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 5348 E Lake Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Basement
    APN
    03-00-033-104-012
    Parking features
    Parking Lot
    Lot size
    1.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    1
    Roof type
    Fiberglass, Asphalt

    Russell Real Estate Services (440) 268-9491 [email protected]

    Listing agent Molly Szafran (440) 822-8265 License #2019002806

    Listing date Nov 18, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Restaurant and Banquet Hall

    This property presents an opportunity to establish a destination venue on Lake Rd. The main dining area spans 1500 square feet and features a 53-foot long bar. An additional 600-square-foot dining room is suitable for private events or supplementary dining during peak times. The building also includes a 1600-square-foot banquet hall, currently under a month-to-month lease to a private billiards club. A basement bar offers potential as a VIP lounge or entertainment green room. The sale includes an adjacent 0.63-acre lot to the west of the restaurant, suitable for development such as outdoor volleyball or landscaped green space for events. The property is located in Sheffield Lake, OH, and is situated on a 1.33-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Veterans of Foreign Wars, Risko's

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield Lake
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0738
    Latitude
    41.498176

    Nearby Similar for Sale

    • $1,049,000
      4,850 SF

      Lakefront Executive Office Building

      Sheffield Lake, OH: Prime Office Space
      4259 Lake Rd, Sheffield Lake, OH 44054
      View Details

    FAQs

    What type of property is this?
    Bar - Restaurant with banquet hall, bar, and development opportunity on 1.33 acres.
    Where is this bar located?
    The property is located at 5348 E Lake Rd Sheffield Lake, OH.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Large 1500 sq ft main dining area with a **53 ft bar, ideal for a destination restaurant.**; - Additional .63 acre lot included for **outdoor development** (volleyball, green space).; - 1600 sq ft banquet hall currently leased, providing immediate income.
    (440) 822-8265
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    5348 E Lake Rd Sheffield Lake, OH 44054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5348 E Lake Rd Sheffield Lake, OH 44054
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