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    5810 Monroe St Sylvania, OH 43560

    Sponsored
    For Sale
    $198,000

    0.83-acre commercial lot, prime Sylvania location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.83-acre commercial land parcel presents a remarkable development opportunity in the thriving Sylvania, Ohio market. Located in the B-4 Shopping Center District, this flat, readily developable site boasts excellent visibility and accessibility. Situated on Monroe Street, a four-lane road with a turning lane, the property enjoys high traffic counts (Monroe St: 18,276 VPD, Alexis Rd: 19,536 VPD in 2023). Its strategic location places it adjacent to the Farmers and Merchants State Bank and the Sylvania Marketplace shopping center, ensuring high foot traffic and brand recognition. The property is conveniently situated three-quarters of a mile east of downtown Sylvania and less than half a mile west of the US-23/I-475 interchange, providing easy access to major transportation arteries. A signalized entry is available along Alexis Road and Monroe Street, with potential for additional curb cuts and signage on Monroe Street. All utilities are conveniently located on-site. The property's location between Acres and Corey streets further enhances its appeal. Please note that bank or financial institution uses are restricted. APN: 8204441. Asking price: $198,000 ($238,554/acre).

    Property Features for 5810 Monroe St

    General Information

    Property type
    Land
    Lot Size
    36,155 SF

    HighLights

    • 0.83‑acre commercial lot in Sylvania, OH's B‑4 Shopping Center District.
    • High traffic counts: 18,276 VPD on Monroe St., 19,536 VPD on Alexis Rd. (2023 data).
    • All utilities on‑site.
    • Flat, readily developable land.
    • Restricted use: No banks or financial institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sands & Associates Inc Mortgage Lender Curves Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.680778
    Latitude
    41.7120805

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    FAQs

    What type of property is this?
    Land - 0.83-acre commercial lot, prime Sylvania location.
    Where is this land located?
    The property is located at 5810 Monroe St Sylvania, OH.
    What is the asking price?
    The asking price for this property is $198,000.
    What are key features of this property?
    This property features: 0.83-acre commercial lot in Sylvania, OH's B-4 Shopping Center District.; High traffic counts: 18,276 VPD on Monroe St., 19,536 VPD on Alexis Rd. (2023 data).; All utilities on-site.
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    Sylvania, OH 43560
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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
    5810 Monroe St Sylvania, OH 43560
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