Updated Storefront Commercial
150 E Lake Street, Lakeview, OH 43331
For Sale
$219,900
Commercial Sale, Lakeview, OH
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$91.63
Days on Market257
Property Features for 150 E Lake Street
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Appliances
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Cooling system
Water front features
Water front
Amenities
full basement
Building Details
Year built
Flooring type
Building materials
Buildings
Listing Agency:
Key Realty
Listed By:
Ryan Beelman · License OH #2020001554
(877) 539-7589
Added: Feb 27
Changed: Oct 30
Last Checked: Nov 10 at 12:06PM
MLS# 1043990
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot storefront property includes a full basement and a paved adjacent lot with 18 parking spaces. The building has supported salon, spa, tanning, furniture, and retail operations, with current use combining furniture retail and tanning services. Interior and exterior improvements include a roof, siding, flooring, storefront glazing, and entry doors completed in 2024. Electrical and plumbing systems were updated in 2021, and the building offers both single-phase and three-phase power.
Located at 150 E Lake Street in Lakeview, the property sits two blocks from Indian Lake and near the community’s downtown area. Additional features include masonry and vinyl siding construction, central air, forced-air natural gas heat, public sewer, a gas water heater, and an owned water softener. The 1930-built building provides a compact commercial footprint with established parking and multiple configuration possibilities.
Located at 150 E Lake Street in Lakeview, the property sits two blocks from Indian Lake and near the community’s downtown area. Additional features include masonry and vinyl siding construction, central air, forced-air natural gas heat, public sewer, a gas water heater, and an owned water softener. The 1930-built building provides a compact commercial footprint with established parking and multiple configuration possibilities.
Key Highlights
- 2,400‑square‑foot commercial storefront with full basement
- 18‑space paved parking lot adjacent to the building
- Roof, siding, flooring, storefront windows, and doors completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,395
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,900
$187.9K
Cap Rate 7%
$134,214
$134.2K
Cap Rate 9%
$104,389
$104.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$13.9K $5.80/SF
− Vacancy
−$498 −$0.21/SF
EGI
$13.4K $5.59/SF
− OpEx
−$4.0K −$1.68/SF
NOI
$9.4K $3.91/SF
Area
Logan County, OH
Vacancy
3.58%
Lease Rate
$5.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,900
Cap Rate 7%
$134,214
Cap Rate 9%
$104,389
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
981
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Carquest Auto Parts
Shops & Services
981 visits/mo
0.1 miles
Demographics for 43331, OH
4,428
Population
3,578
Households
1.2
Avg Household Size
53
Median Age
16%
College-Educated
94%
High-School Grad
30.8 sq mi
ZIP Area
144
Density / Sq Mi
$60,159
Median Household Income
$44,057
Median Earnings
$886
Median Rent
$130,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Peach's Herb and Flower LLC — 180 S Main St, units 8&9, 180 S Main St, Lakeview, OH 43331
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated commercial space supports retail, professional services, and light commercial uses.
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: 2,400‑square‑foot commercial storefront with full basement; 18‑space paved parking lot adjacent to the building; Roof, siding, flooring, storefront windows, and doors completed in 2024
