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    2250 Michigan St Sidney, OH 45365

    Sponsored
    For Lease
    $9 SF/Yr

    Prime Sidney retail space, high traffic, strong anchors.

    Lot size:
    73,703 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    West Towne Square, a single-story, 73,703 square foot retail strip center, presents a compelling investment opportunity in Sidney, Ohio. Built in 1991, this property boasts a prime location just 1/8 of a mile west of I-75, ensuring exceptional visibility and accessibility. The center benefits from a powerful anchor tenant lineup, including a Walmart Supercenter, Ollie's, Aldi, and other national and regional retailers. Its strategic position between two major traffic generators – the Walmart Supercenter and a 65,000 square foot Kroger directly across the street – guarantees high foot traffic and strong brand visibility. Further enhancing its appeal, Lowe's and Menards are located in close proximity. Two spaces are currently available, ranging in size from 1,600 to 7,704 square feet, offering flexibility for various retail businesses. Sidney, Ohio, the county seat of Shelby County, is experiencing robust economic growth, fueled by a pro-business environment that has attracted significant foreign investment, including a Honda engine plant in nearby Anna. This thriving market, coupled with the center's exceptional location and strong tenant mix, makes West Towne Square an attractive proposition for investors seeking a high-return retail investment in a dynamic and growing community.

    Property Features for 2250 Michigan St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    73,703 SF
    Total Rate
    55277.25

    Building Details

    Year Built
    1991
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2340
    Size
    7,704 SF
    Rate per SF
    $9
    Space
    Suite 2266
    Size
    1,600 SF
    Rate per SF
    $25

    HighLights

    • 73,703 square foot single‑story retail strip center in Shelby County.
    • Located in Sidney, Ohio, near I‑75.
    • Anchored by Walmart, Ollie's, Aldi, and other national/regional retailers.
    • Across the street from a 65,000 square foot Kroger.
    • Two available spaces ranging from 1,600 to 7,704 square feet.
    • Built in 1991.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sidney
    County
    Shelby
    State
    Ohio
    Longitude
    -84.1894188
    Latitude
    40.2899941

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Sidney retail space, high traffic, strong anchors.
    Where is this neighborhood center located?
    The property is located at 2250 Michigan St Sidney, OH.
    What is the lease rate?
    The lease rate is $9-$25 SF/Yr.
    What are key features of this property?
    This property features: 73,703 square foot single-story retail strip center in Shelby County.; Located in Sidney, Ohio, near I-75.; Anchored by Walmart, Ollie's, Aldi, and other national/regional retailers.
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    2250 Michigan St Sidney, OH 45365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2250 Michigan St Sidney, OH 45365
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