Restaurant Bakery
For Sale
$164,000
501 Lake Avenue, Elyria, OH 44035
Former bakery catering business operates out of the building and may be configured as two storefronts or one larger space.
Property Size5,288 SF
Price / SF$31.01
Days on Market408
Property Features for 501 Lake Avenue
General Information
Standard status
Active
Size
5,288 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,715
Amenities
Gas
3
Building Details
Year Built
1960
Listing Agency:
Home Equity Realty Group
(330) 350-0016
Listed By:
Roger Nair · License #2011001849
(330) 350-0016
Source:
Xome
Added: Jul 12, 2025
Changed: Aug 23
Last Checked: Aug 22 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Equity Realty Group
Investment Insights
Based on property information with market context.
This property is a former bakery catering service location that is still operating out of the building. The space includes catering-related equipment, and the listing notes that ovens will convey with the building. The layout can be divided to create either two storefronts or one larger business location.
The property is offered for sale at 501 Lake Ave in Elyria, OH.
As presented, it is suited to an owner-user or operator who wants a ready-to-run food service setup, with flexibility for separate storefront configurations if desired.
The property is offered for sale at 501 Lake Ave in Elyria, OH.
As presented, it is suited to an owner-user or operator who wants a ready-to-run food service setup, with flexibility for separate storefront configurations if desired.
Key Highlights
- Former bakery catering business continues operating out of the building
- Space can be configured as two storefronts or one larger business location
- Catering items and ovens are included with the building
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Speedway
Shops & Services
13,396 visits/mo
0.5 miles
Family Dollar
Shops & Services
6,278 visits/mo
0.1 miles
Sunoco
Shops & Services
4,561 visits/mo
0.3 miles
Marathon
Shops & Services
3,016 visits/mo
0.3 miles
SUBWAY
Dining
1,722 visits/mo
0.1 miles
Demographics for 44035, OH
61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Former bakery catering business operates out of the building and may be configured as two storefronts or one larger space.
Where is this storefront property located?
The property is located at 501 Lake Avenue Elyria, OH.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: Former bakery catering business continues operating out of the building; Space can be configured as two storefronts or one larger business location; Catering items and ovens are included with the building
