Six-Unit Neighborhood Strip
5380 E Lake Road, Sheffield, OH 44054
For Sale
$499,000
Pending
Five retail spaces are occupied, with one space available for lease.
Property Size6,812 SF
Lot Size0.50 Acres
Days on Market33
Property Features for 5380 E Lake Road
General Information
Standard status
Size
Lot size
Property subtype
Financials
Cap Rate
Gross Income
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Russell Real Estate Services
Listed By:
Brandi Peyatt · License #2019000533
(440) 539-7008
Source:
Lifestagesrealty
Added: Oct 7
Changed: Nov 6
Last Checked: Nov 7 at 3:39PM
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 Russell Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,812-square-foot strip mall contains six retail units on approximately 0.50 acres. Five spaces are occupied, and one is available. The property was built in 1956 and is located on E Lake Road in Sheffield, Ohio.
The current rent roll and 2025 operating expenses provided by the owner indicate an estimated 8.4% cap rate. The property’s fully leased income projection is based on the stated rent for the vacant unit and remains subject to actual occupancy and operating expenses.
The current rent roll and 2025 operating expenses provided by the owner indicate an estimated 8.4% cap rate. The property’s fully leased income projection is based on the stated rent for the vacant unit and remains subject to actual occupancy and operating expenses.
Key Highlights
- 6,812 square feet of retail space across six units
- Approximately 0.50 acres
- Five of six retail units occupied
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Strip mall - Five retail spaces are occupied, with one space available for lease.
Where is this strip mall located?
The property is located at 5380 E Lake Road Sheffield, 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 square feet of retail space across six units; Approximately 0.50 acres; Five of six retail units occupied
