Restaurant with Banquet
For Sale
$675,000
5348 E Lake Road, Sheffield Lake, OH 44054
CommercialSale, Sheffield Lake, OH
Property SizeContact for details
Lot Size1.33 Acres
Days on Market521
Property Features for 5348 E Lake Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Rooms
Basement
Parking features
Parking Lot
Subdivision
Sunset Cc Allotment
Elementary school district
Sheffield-Sheffield - 4713
Middle school district
Sheffield-Sheffield - 4713
High school district
Sheffield-Sheffield - 4713
Directions
From I-90: exit west on SR-611; north on Abbe, east on Lake Rd.
Standard status
Active
APN
03-00-033-104-012
Lot size
1.33 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
42 X 251.70
Tax Annual Amount
15324
Legal Description
42 X 251.70
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Roof type
Fiberglass, Asphalt
Listing Agency:
Russell Real Estate Services
(440) 327-6511
Listed By:
Molly Szafran · License #2019002806
(440) 822-8265
Added: Mar 27, 2025
Changed: Aug 20
Last Checked: Aug 29 at 8:06PM
MLS# 5109955
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.
Investment Insights
Based on property information with market context.
The restaurant property includes a 1,500-square-foot primary dining area with a 53-foot bar, plus a separate 600-square-foot dining room. A 1,600-square-foot banquet hall is currently leased month-to-month to a private billiards club. The basement contains an additional bar area, while the building also includes a basement level, central air, forced-air natural gas heating, a parking lot, public water, and public sewer.
The sale includes a total 1.33-acre property, including a separate 0.63-acre lot located west of the restaurant. The building was constructed in 1996 and has fiberglass and asphalt roofing. The property is located on E Lake Road in Sheffield Lake, Ohio.
The sale includes a total 1.33-acre property, including a separate 0.63-acre lot located west of the restaurant. The building was constructed in 1996 and has fiberglass and asphalt roofing. The property is located on E Lake Road in Sheffield Lake, Ohio.
Key Highlights
- 1,500‑square‑foot main dining area with a 53‑foot bar
- Separate 600‑square‑foot dining room
- 1,600‑square‑foot banquet hall leased month‑to‑month
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
595
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Public Storage
Shops & Services
595 visits/mo
0.1 miles
Demographics for 44054, OH
12,484
Population
6,059
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
999
Density / Sq Mi
$73,151
Median Household Income
$47,207
Median Earnings
$1,059
Median Rent
$177,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multiple dining and event areas include a banquet hall leased month-to-month to a private billiards club.
Where is this conventional restaurant located?
The property is located at 5348 E Lake Road Sheffield Lake, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,500‑square‑foot main dining area with a 53‑foot bar; Separate 600‑square‑foot dining room; 1,600‑square‑foot banquet hall leased month‑to‑month
