Drive-Through
For Sale
$550,000
3306 Milan Road, Sandusky, OH 44870
Restaurant property with a pickup window, on-site parking, and commercial zoning.
Property Size2,080 SF
Lot Size0.75 Acres
Price / SF$264.42
Days on Market10
Property Features for 3306 Milan Road
General Information
Standard status
Active
Size
2,080 SF
Lot size
0.75 Acres
Zoning
Commercial,Other
Financials
Asking Price
$550,000
Business Included
Yes
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, restaurant, retail
Currently Operating
Yes
Amenities
signage
drive-thru
Yes
ON
Public
30.00
0.7500
733333.33
No
Block,Stucco
Building Details
Year Built
1980
Stories
1
Abandoned
No
Listing Agency:
BHHS Koehler Realty
(419) 422-4082
Listed By:
James Koehler
(419) 422-8443
Source:
Koehlerrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Koehler Realty
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Investment Insights
Based on property information with market context.
The restaurant building contains 2,080 square feet on a 0.75-acre parcel and was built in 1980. Existing improvements include a drive-through pickup window, on-site parking, and signage. The operating business and FF&E may be acquired separately or as part of a negotiated package.
At 3306 Milan Road in Sandusky, Ohio, the property is on the US-250 corridor. Nearby attractions identified in the property information include Kalahari Resort, Sports Force Parks, Ghostly Manor, and the Lake Erie Shores & Islands district. Zoning is listed as Commercial, Other.
At 3306 Milan Road in Sandusky, Ohio, the property is on the US-250 corridor. Nearby attractions identified in the property information include Kalahari Resort, Sports Force Parks, Ghostly Manor, and the Lake Erie Shores & Islands district. Zoning is listed as Commercial, Other.
Key Highlights
- 2,080‑square‑foot restaurant building on a 0.75‑acre parcel
- Existing drive‑through pickup window
- On‑site parking and property signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,074
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,480
$601.5K
Cap Rate 7%
$429,629
$429.6K
Cap Rate 9%
$334,156
$334.2K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$41.7K $20.04/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$40.1K $19.28/SF
− OpEx
−$10.0K −$4.82/SF
NOI
$30.1K $14.46/SF
Area
Erie County, OH
Vacancy
3.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,480
Cap Rate 7%
$429,629
Cap Rate 9%
$334,156
Alternative Uses
Best Use
Specialty Retail
$429.6K
$375.9K – $501.2K
NOI $30,074 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.89M
$20.03M – $26.71M
NOI $1,602,313 @ 7.0% cap · market cap 291.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 44870, OH
40,416
Population
19,991
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
90%
High-School Grad
60.7 sq mi
ZIP Area
666
Density / Sq Mi
$58,797
Median Household Income
$36,056
Median Earnings
$863
Median Rent
$148,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant property with a pickup window, on-site parking, and commercial zoning.
Where is this drive through restaurant located?
The property is located at 3306 Milan Road Sandusky, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,080‑square‑foot restaurant building on a 0.75‑acre parcel; Existing drive‑through pickup window; On‑site parking and property signage
