Front of the building on Lake Avenue in Elyria - 703 Lake Avenue, Elyria
Dewey Avenue side of the building - pizza shop/kitchen entrance - 703 Lake Avenue, Elyria
Snowy aerial view featuring a residential view and property parcel outlined - 703 Lake Avenue, Elyria
View of city with nearby suburban area - 703 Lake Avenue, Elyria
Front bar view - 703 Lake Avenue, Elyria
Front view of the bar seating area - 703 Lake Avenue, Elyria
View of bar - 703 Lake Avenue, Elyria
Front behind the bar - 703 Lake Avenue, Elyria
Bar seating area from middle of the bar - 703 Lake Avenue, Elyria
Behind the bar from the front with fish tank - 703 Lake Avenue, Elyria
Bar view from middle of the building - 703 Lake Avenue, Elyria
Short of behind the bar to the front - 703 Lake Avenue, Elyria
Behind the bar looking to the back of the bar - 703 Lake Avenue, Elyria
Behind the bar access to coolers and beer storage closet - 703 Lake Avenue, Elyria
Playroom featuring heating unit, pool table, and a paneled ceiling - 703 Lake Avenue, Elyria
Playroom with a drop ceiling, heating unit, and pool table - 703 Lake Avenue, Elyria
Recreation room featuring a paneled ceiling - 703 Lake Avenue, Elyria
Beer and liquor secure storage - 703 Lake Avenue, Elyria
Loft area for DJ use and storage - 703 Lake Avenue, Elyria
Breezeway between the bar and pizza shop - storage area - 703 Lake Avenue, Elyria
View of the breezeway between the bar and kitchen - 703 Lake Avenue, Elyria
Kitchen with a drop ceiling, refrigerator, and ceiling fan - 703 Lake Avenue, Elyria
Kitchen with ventilation hood, ceiling fan, and a drop ceiling - 703 Lake Avenue, Elyria
Kitchen featuring butcher block countertops, a paneled ceiling, and open shelves - 703 Lake Avenue, Elyria
Utilities with gas water heater and electric panel and storage area. - 703 Lake Avenue, Elyria
Kitchen featuring range hood, freestanding refrigerator, a drop ceiling, and a ceiling fan - 703 Lake Avenue, Elyria
Kitchen with pizza ovens, grill, basket fryer, etc. - 703 Lake Avenue, Elyria
Mensroom featuring tile walls, vanity, and light wood-type flooring - 703 Lake Avenue, Elyria
Employee bathroom in the kitchen new flooring and fixtures - 703 Lake Avenue, Elyria
Snowy aerial view featuring a residential view - 703 Lake Avenue, Elyria
Bird's eye view - 703 Lake Avenue, Elyria
Snowy aerial view featuring a residential view - 703 Lake Avenue, Elyria
Snowy aerial view featuring a residential view - 703 Lake Avenue, Elyria
View of snowy aerial view - 703 Lake Avenue, Elyria
34 photos

$299,900

703 Lake Avenue
Elyria, OH 44035
Listed by Sandra Austin · Berkshire Hathaway HomeServices Stouffer Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1945

About this home

Established bar for sale with three additional parcels included. Sale includes the bar building, land, and all bar equipment, fixtures, and furnishings. Attached kitchen equipped with pizza ovens, griddle, double basket fryer and commercial refrigerator and freezer, allowing for continued or expanded food service. Liquor license is transferable. Turnkey operation with an existing customer base. Owner may consider financing for qualified buyers. Property offers flexibility for continued use, expansion, or potential redevelopment. Ideal for owner-operator or investor. Financial information available to qualified buyers. Please do not approach the staff about the business or sale. A loft for a DJ and a partial basement for additional storage. Three new furnaces and a Heat Pump with AC. Keg Cooler, Freezer, and Refrigerator 2023, new roof on pizza shop 2024, new siding and much more. Current owners are ready to retire and turn the keys over to a new owner to continue this special neighborhood business.

Property details

MLS #
5185524
Property type
MixedUse
Subdivision
Parks Foster
Status
Active
Days on market
131
On market date
February 6, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.43 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Ely Elementary School
1.33 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
432
Student:teacher ratio
18.0:1
District
Elyria City Schools
Middle
Westwood Middle School
1.61 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
355
Student:teacher ratio
10.8:1
District
Elyria City Schools
High
Elyria High School
1.28 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,667
Student:teacher ratio
16.2:1
District
Elyria City Schools

Walkability

Blended score for Elyria's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

50
Somewhat walkable
out of 100
EPA National Walkability Index
8.2 / 20 -- Below average walkable
Google Places amenity density
63 / 100
Restaurants & cafes9
Grocery stores0
Parks7
Schools4
Transit stops6
Pharmacies0

Market position

How this listing compares to current activity in Elyria, from live MLS data.

On the market 131 days -- 46 more days than Elyria's current average of 85 days.
For reference, the median list price across 136 active listings in Elyria right now is $149,950.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,956/mo
$59,980 down
$239,920 loan
Principal & interest$1,556
Property tax (est.)$250
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated June 17, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.