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Mixed-Use Motel and Restaurant
For Sale
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5196 Lake Drive N, Geneva on the Lake, OH 44041

CommercialSale, Geneva on the Lake, OH

Property SizeContact for details
Lot Size2.44 Acres
Days on Market49

Property Features for 5196 Lake Drive N

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Woodmere
Elementary school district Geneva Area CSD - 404
Middle school district Geneva Area CSD - 404
High school district Geneva Area CSD - 404
Directions 5196 Lake Rd. E., Geneva, OH 44041: Located just on the East side of Historical Geneva On The Lake, Ohio
Special listing conditions Auction
Standard status Active
APN 210410014900
Lot size 2.44 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 5 WOODMERE SUB
Tax Annual Amount 18027
Legal Description 5 WOODMERE SUB

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Electric (Heating)
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1950
Listing Agency: Kiko
Listed By: Jeff R Kiko · License #2002002033
Added: Sep 1 Changed: Oct 16 Last Checked: Oct 19 at 4:06AM
MLS# 5241372

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This mixed-use property includes 40 single-bedroom motel units and 12 two-bedroom cottages, along with a two-bedroom mobile home and two bungalow homes. The bungalows have three and four bedrooms. A restaurant and bar provides more than 1,500 square feet of space, with indoor dining, a bar area, outdoor seating, and a rear patio. Several garages and other outbuildings are also on the property.

The property is zoned RD Resort District and has public water and public sewer. The bar and buildings have been vacant since October 2025. The parcels are being sold together, and the sale is as-is, where-is, without warranties or guarantees.

Key Highlights

  • 40 single‑bedroom motel units and 12 two‑bedroom cottages
  • Restaurant and bar with more than 1,500 square feet, indoor dining, bar space, outdoor seating, and a rear patio
  • Two‑bedroom mobile home and three- and four‑bedroom bungalow homes

Property Analytics

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Current Use

Motels

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

28
Businesses Nearby

Demographics for 44041, OH

13,910
Population
7,155
Households
1.9
Avg Household Size
46
Median Age
18%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
214
Density / Sq Mi
$58,438
Median Household Income
$37,644
Median Earnings
$816
Median Rent
$167,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines lodging buildings, two homes, garages, outbuildings, and public utilities.
Where is this mixed-use property located?
The property is located at 5196 Lake Drive N Geneva on the Lake, OH.
What are key features of this property?
This property features: 40 single‑bedroom motel units and 12 two‑bedroom cottages; Restaurant and bar with more than 1,500 square feet, indoor dining, bar space, outdoor seating, and a rear patio; Two‑bedroom mobile home and three- and four‑bedroom bungalow homes
More about this property
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