441 W Lakeshore Drive Kelleys Island, OH $ 6,250,000
441 W Lakeshore Drive
$ 6,250,000
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441 W Lakeshore Drive

Kelleys Island, OH, 43438
$ 6,250,000
Bedrooms-- Baths-- Sq 27,236

Monthly Estimate*

$ 43,167

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Commercial Property for sale in Kelleys Island, OH

for $6,250,000. This 27,236 square foot building was built in 2008 on a lot size of 2.1.

This is a rare opportunity to own and operate a successful, professionally managed hotel business on one of the Great Lakes most visited islands, Kelleys Island, the largest American island on Lake Erie and a premier Midwest tourism destination. The property is a best in class, one of a kind hotel that offers guests a relaxing getaway within a private enclave that feels far removed from the mainland.The business shows steady year over year lodging activity, supported by modern booking software that keeps operations organized and efficient. Its prime location overlooking Lake Erie gives guests memorable views and easy access to the island's most popular attractions.A new owner can turnkey this opportunity and retain the existing management team or take over the day-to-day operations. This flexibility allows you to step in at the pace that fits your goals, whether you prefer a hands-on role or a more passive approach supported by experienced staff.There is also an opportunity to enhance and grow the Tiki bar area near the water into another feature that can increase guest activity and add new potential for the business.Along with lodging income and on-site golf cart rentals, the property offers something that is difficult to match. The replacement cost of this property and its improvements would be staggering, making the existing operation and its location an exceptional value for an investor or a family looking for a lifestyle driven island business in a high demand waterfront market.Contact Co-Listing Agent Henry "Mac" Lehrer, CCIM with Hoty Enterprises, Inc. in Sandusky, OH mac@hoty.com or Managing Director Gabriel Shamay with Cushman & Wakefield Global Hospitality Group of Boca Raton, FL gabriel.shamay@cushwake.com to receive the Offering Memorandum

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Commercial Active

Price

$ 6,250,000

Property Type

Commercial

Taxes

$ 33,232

Style

Commercial

Lot Size

2.1

Year Built

2008

Town/City

Kelleys Island

County/Region

Erie

MLS | Web ID

20263497

Features
General
Sewer See Sewer Comment
Possession At Closing TBD
Roof Asphalt
Zoning Commercial
Extras Accessory Building Equipment Corner Lot Frontage Exposure
Year Built 2008
Stories Count 2
Age 0
Property Subtype Commercial
Tax Year 2025
Auction No
County Erie
Property Description 31 Room Hotel
Property Type Commercial Sale
Property SubType 2 Business
Close Price 0.00
Status Active
City Kelleys Island
Body of Water Lake Erie
Zoning Description C-2 General Commercial
MLS Area N/A
Lot Size Units Acres
Lot Size Square Feet 91476.00
Availability Date 1800-01-01
Legal Description 2-E SIDE CARPENTER RD 2.1019A
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Exterior
Water Source Public
Total Parking 35.00
Frontage Yes
Flood Plan Unknown
Exterior Construction Aluminum Composition Vinyl Siding Wood
Lot Size Acres 2.1000
Waterfront Y/N Yes
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Interior
Restrooms Yes
Electricity ON
3/4 Baths 0
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Internal Only
Street Number 1 441
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* Excluded Features
List By
Mac Lehrer

Listing Agent

Hoty Enterprises, Inc.

Broker

(419) 357-4004

Phone

Affordability Calculator

$45,937
Per Month
94%
6%
0%
Monthly Principal & Interest
$43,167
Monthly Property Taxes
$2,769
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1272019 Elementary School
1271802 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2026$6,250,000 Listed Price

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441 W Lakeshore Drive, Kelleys Island, OH, 43438 is a Commercial Property for sale at $6,250,000 with 27,236 sqft and a lot size of 2.1. 441 W Lakeshore Drive was built in 2008. The property's zip code is 43438 which is in Kelleys Island, OH