A 91%-leased, fee-simple Lake Erie income property with an on-site brewpub, priced at $1,995,000 with no mortgage to pay off and a closing targeted on or before year end. Real estate is 72% of the price ($1,431,000). The two buildings (about 13,762 sq. ft. on two adjoining parcels in Port Clinton, Ottawa County) are eligible replacement property for a 1031 exchange buyer. The sale also includes the Burns Brew House operating business and about $161,000 of furniture, fixtures and equipment.
The income is under signed leases. Lakeview Living has 23 furnished suites, with utilities and WiFi included, plus an owner’s penthouse. As of November 2026, 21 of the 23 suites are leased, mostly on 12-month terms, for $21,100 a month ($253,200 a year). That compares with about $103,150 of lodging revenue in 2025.
The brewpub adds a second income stream. Burns Brew House seats about 100 (indoor, covered patio and outdoor) and is a local gathering place that also serves the residents.
Projected stabilized Year 1 cash flow is about $130,274 before debt service (a 6.5% yield on price). That figure deducts a market-rate manager salary and 5% vacancy. Further upside comes from leasing the last two suites, raising four below-market rents, restoring food and beverage sales to their 2024 level, and the penthouse.
Flexible Financing structures: 1031 exchange equity plus a bank loan; all-cash 1031; or a bank loan plus a Seller note (up to $200,000 at 6% interest-only for qualified buyers). SBA financing is also possible. The Seller will vacate the penthouse at closing and provide 30 days of transition, with consulting available for up to 12 months.
A buyer can hold the property as an investment and keep the in-place manager and staff, lease the brewpub to an operator, or run both as an owner-operator. A year-end closing may allow a buyer to place the property in service in 2026; consult your CPA on depreciation and exchange timing.
The real estate is included in the sale and is listed and represented by Realty Professionals, a licensed Ohio real estate brokerage. The listing agent is a licensed real estate professional in the State of Ohio. Cooperation with qualified, licensed real estate brokers will be considered.
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