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Shopping Center Retail Space with Big-Box Anchors
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5500 Milan Rd, Sandusky, OH 44870

Retail shopping center on Milan Rd with prominent anchors and heavy corridor traffic in Sandusky.

Property Size6,000 SF
Days on Market2453

Property Features for 5500 Milan Rd

General Information

Standard status Active
Size 6,000 SF
Property subtype RETAIL
Listing Agency: Arnold J. Eisenberg, Inc.
Listed By: Steve Eisenberg
Source: Moodyscre
Added: Nov 12, 2019 Changed: Jul 30 Last Checked: Jul 31 at 3:59AM

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 Arnold J. Eisenberg, Inc.

Investment Insights

Based on property information with market context.

This shopping center retail space totals 6,000 SF and is part of a strong retail draw in Sandusky. Park Place Shopping is anchored by Lowe’s, Staples, Ashley Homestore, and Walmart as a shadow anchor.

Sandusky is a super-regional trade area located halfway between Toledo and Cleveland. The area’s draw is nearly 250,000 people within a 30-minute radius, supported by major tourism including Cedar Point and indoor waterparks at Kalahari and Great Wolf Lodge, which combine for over 11 million visitors annually.

The center benefits from its position along Milan Rd, identified as the main retail corridor in Sandusky with traffic counts of over 30,000 vehicles per day.

Key Highlights

  • 6,000 SF shopping center retail space
  • Milan Rd main retail corridor with traffic counts over 30,000 vehicles per day
  • Park Place Shopping anchored by Lowe’s, Staples, and Ashley Homestore

Property Analytics

Current Use

Indoor Lumber Yard Big Box & Wholesale Store Pelz Lettering Inc ... (Bike/Boat/Book/etc) Store American Driving School ... Training Center Installation Services General Contractor ATM Wal-mart Bank

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop HVAC Service Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

353
Businesses Nearby
270k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 36% Groceries 26% Dining 17% Home Improvements & Furnishings 11%
Walmart Superstores
96,813 visits/mo 0.1 miles
Meijer Groceries
70,190 visits/mo 0.5 miles
Raising Cane's Chicken Fingers Dining
38,043 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
27,667 visits/mo 0.1 miles
Staples Office Supplies
12,321 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Crossings of Sandusky — 911 Crossings Rd, Sandusky, OH 44870
  • Park Place Shopping Center — 5500 Milan Rd, Sandusky, OH 44870
  • Outback Plaza - Sandusky, OH — 4920 Milan Rd, Sandusky, OH 44870
  • Market Square - Sandusky, OH — 4917 Milan Rd, Sandusky, OH 44870
  • Park Place Shopping Center - Sandusky, OH — 5500 Milan Rd, Sandusky, OH 44870

Frequently Asked Questions

What type of property is this?
Shopping center - Retail shopping center on Milan Rd with prominent anchors and heavy corridor traffic in Sandusky.
Where is this shopping center located?
The property is located at 5500 Milan Rd Sandusky, OH.
What are key features of this property?
This property features: 6,000 SF shopping center retail space; Milan Rd main retail corridor with traffic counts over 30,000 vehicles per day; Park Place Shopping anchored by Lowe’s, Staples, and Ashley Homestore
(216) 831-6773 Call to check price and availability
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