6-Unit Retail Strip
New
For Sale
$499,000
5380 E Lake Road, Sheffield, OH 44054
CommercialSale, Sheffield, OH
Property Size6,812 SF
Lot Size0.50 Acres
Price / SF$73.25
Days on Market5
Property Features for 5380 E Lake Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Cove Beach Allotment
Elementary school district
Sheffield-Sheffield - 4713
Middle school district
Sheffield-Sheffield - 4713
High school district
Sheffield-Sheffield - 4713
Directions
Corner Shopping Plaza At Lake Rd And Cover Beach Ave.
Standard status
Active
APN
03-00-033-105-001
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COVE BCH 95.60 X 224.68 LOT # 117-9
Tax Annual Amount
8391
Legal Description
COVE BCH 95.60 X 224.68 LOT # 117-9
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1956
Number of units
6
Roof type
Flat
Listing Agency:
Russell Real Estate Services
(440) 572-3100
Listed By:
Brandi Peyatt · License #2019000533
(440) 539-7008
Added: Oct 7
Last Checked: Oct 11 at 12:06AM
MLS# 5251343
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 six-unit retail center at 5380 E Lake Road includes five occupied spaces and one available unit. The property sits on 0.4959 acres and was built in 1956. Building features include a flat roof, natural gas heating, public sewer service, and a parking lot.
Modified gross leases are in place. The center is located along Lake Road in Sheffield, Ohio.
Modified gross leases are in place. The center is located along Lake Road in Sheffield, Ohio.
Key Highlights
- Six retail units, with five occupied and one available
- 0.4959‑acre site
- Built in 1956
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Five spaces are occupied, and the remaining unit is available under modified gross lease terms.
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: Six retail units, with five occupied and one available; 0.4959‑acre site; Built in 1956
