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    Sheffield Lake, OH
    Strip Mall

    Sheffield Lake, OH Strip Malls for Sale

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    Sheffield Lk, OH Sheffield, OH Avon Lake, OH Avon, OH Cleveland, OH Elyria, OH Birmingham, OH Amherst, OH
    6-Unit Retail Strip Center
    Updated: Oct 7
    6-Unit Retail Strip Center

    5380 E Lake Rd, Sheffield Lake, OH 44054

    $499,000
    6,812 sqft 0.50 AC lot
    6,812 SF of retail space across six units
    Approximately 0.50 acres
    Five units occupied; one unit available
    Modified gross leases
    Estimated 8.4% capitalization rate based on the current rent roll and 2025 operating expenses
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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    1 active listing matches your search: Strip Mall for sale in Sheffield Lake, OH. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 off-market properties to explore as potential leads.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Unit Neighborhood Strip Mall
    Six-Unit Neighborhood Strip Mall

    5380 E Lake Road, Sheffield, OH 44054

    $499,000
    Multi-tenant  6,812 sqft  Built 1956  0.5 acres
    8.4% cap rate / $66,480 gross income

    Five retail spaces are occupied, with one space available for lease.

    View details
    7-Unit Strip Mall
    7-Unit Strip Mall

    6479 Brecksville Road, Independence, OH 44131

    $1,800,000
    Multi-tenant  Built 1953  1.71 acres
    14,400 VPD

    Multi-tenant commercial property combining office, retail, and personal-service occupancy with established leased units.

    View details
    6-Unit Retail Strip Center
    6-Unit Retail Strip Center

    5380 E Lake Road, Sheffield, OH 44054

    $499,000
    Multi-tenant  6,812 sqft  Built 1956  0.5 acres
    8.4% cap rate / $66,480 gross income

    Five spaces are occupied, and the remaining unit is available under modified gross lease terms.

    View details
    Strip Retail Property
    Strip Retail Property

    6479 Brecksville Road, Independence, OH 44131

    $1,800,000
    Built 1953

    The property has central air and natural-gas forced-air heating.

    View details

    Off-Market Properties in Sheffield Lake, OH

    Consider similar Off-Market properties in Sheffield Lake, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4646 Lk Rd
    SHOPPING CENTER, STRIP CENTER

    4646 Lk Rd, Sheffield Lake, OH 44054-1303

    Estimated value:
    $275,000
    4,080 sqft 0.11 AC lot
    View details
    5380 Lk Rd
    SHOPPING CENTER, STRIP CENTER

    5380 Lk Rd, Sheffield Lake, OH 44054-1823

    Estimated value:
    $270,000
    6,812 sqft 0.49 AC lot
    View details
    5320 Abbe Rd
    SHOPPING CENTER, STRIP CENTER

    5320 Abbe Rd, Sheffield Lake, OH 44054

    Estimated value:
    $340,000
    7,305 sqft 0.23 AC lot
    View details
    5202 Cobblestone Rd
    SHOPPING CENTER, STRIP CENTER

    5202 Cobblestone Rd, Sheffield Lake, OH 44054

    Estimated value:
    $530,000
    24,480 sqft 0.69 AC lot
    View details

    Sheffield Lake, OH Strip Malls Market Trends and Statistics

    Explore 5 strip malls for sale in Sheffield Lake, OH on our real estate platform. These investment opportunities span a total of 6,812 square feet of properties for sale, with an estimated market value of $499,000.

    Sale prices for retail strips in Sheffield Lake, OH average $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 3
    Grocery and convenience stores 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) +1.0%
    Median Household Income $73,151
    College Educated 33.5%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lorain County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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