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4540 E Lake Rd
Sheffield Lake, OH 44054
Mixed-Use 10 Parcels/Bar & Residential · Retail Property For Sale · 2,994 SF Total

Investment Highlights

  • 10 Additional Parcels
  • Minutes from Lake Erie
  • Bar and Residential Split-Level

Executive Summary

Mixed-Use Portfolio Sale | 10 Parcels | Bar + Residential | Sheffield Lake, OH
The house is a split level and sits on multiple lots (4516 Lake Road). It has 3 bedroom and 1.5 baths. There are newer windows and roof. The inside has all newer flooring and counter tops. The house also comes with SS appliances, lower level that is perfect for a family room, playroom, workout room or office. The ½ bath is located on the lower level just off the large laundry room. Washer and dryer is included. There is a large 3 season room off the back of the house with patio doors. Outside you will find a 6-car garage with electric. Plenty of outside space to run around. The house is located with relation to the Mezpah Beach Association which includes a large private beach. A small membership fee is required.
Docks tavern is a turn-key purchase that includes a full functional kitchen. Equipment includes but not limited to a large electric smoker, 36-inch griddle, a double basket deep fryer and pizza oven. The building sits on multiple lots that are ideal for outdoor bar, volleyball nets and outdoor seating. The bar already has a deck and patio that has a view of Lake Erie. Upstairs is a newly renovated 3-bedroom apartment that is rented out for $1,000 per month. Plenty of ample parking. They have all the Ohio lottery games including Keno and scratch offs. We have applied for and will soon get pull tabs.
Seller prefers to sell all the properties together but will consider splitting. The city is up and coming with millions already invested in new projects. The properties sit on the new "Connectivity Path". On the east side of the bar the city plans on building the new Field House that will house a large community sports complex. Land is subject to legal review and city approval.
Buyer to verify zoning, permitted uses, and development potential.

Property Facts

Price / SF $365.82 CAD / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 2,994 SF
Total Land Area 0.22 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
4540 E Lake Rd, Sheffield Lake, OH 44054 Retail 2,994 SF 1920 -
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  • Listing ID: 39807084

  • Date on Market: 2026-03-17

  • Last Updated:

  • Address:

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