5380 E Lake Rd, Sheffield Lake, OH 44054

Building Details

Tenancy Multi More

Listing Agency: Russell Real Estate Services s***@russellrealty.com Show Phone

Listed By: Brandi Peyatt · License #SAL2019000533 Show Phone

Source: Exprealty

Added: Oct 7 Changed: Nov 6 Last Checked: Nov 8 at 9:55AM

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Investment Insights

Based on property information with market context.

The retail property contains 6,812 square feet across six units on approximately 0.50 acres. Five units are occupied, and one is available. The center is described as being in good overall condition, with established tenants and modified gross leases. An estimated 8.4% capitalization rate is based on the current rent roll and 2025 operating expenses; the source also projects a rate above 10% if the property is fully leased, subject to actual occupancy and expenses.

Located at 5380 E Lake Rd in Sheffield Lake, the property fronts Lake Road. Its six-unit configuration combines existing occupancy with one available retail space.

Key Highlights

• 6,812 SF of retail space across six units
• Approximately 0.50 acres
• Five units occupied; one unit available

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Restaurant Pharmacy Hair Salon Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

121

Businesses Nearby

595

Monthly Visits Nearby

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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Self Storage Facility with Parking

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Office Space for Lease

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Frequently Asked Questions

What type of property is this?

Strip mall - Five occupied suites and one available unit provide a mix of existing tenancy and space for lease.

Where is this strip mall located?

The property is located at 5380 E Lake Rd Sheffield Lake, OH.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 6,812 SF of retail space across six units; Approximately 0.50 acres; Five units occupied; one unit available