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    Michigan St 47 & Lester Ave Sidney, OH 45365

    For Sale
    Contact for pricing

    Shovel-ready, high-traffic retail opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial outlot presents a rare opportunity for development in the thriving city of Sidney, Ohio. Located at the intersection of West Michigan Street (SR 47) and Lester Avenue, this property boasts prime visibility and convenient access to a major thoroughfare. With lot sizes ranging from 0.5 to 1.805 acres, this site offers flexibility for a variety of uses, including quick-service restaurants (QSR), shopping centers, and medical offices. The property is shovel-ready, with all utilities and drainage already in place, significantly reducing development time and costs. This location benefits from its proximity to a new Verizon Wireless store (opened Fall 2018) and other national retailers and restaurants, ensuring high traffic volume and strong consumer presence. The site's strategic location offers easy access to Interstate 75, a major highway with over 47,000 vehicles passing daily, further enhancing its commercial potential. This is the best remaining commercial outlot in Sidney, offering an unparalleled opportunity to establish a successful business in a high-demand area. The property is zoned for retail, office, mixed-use, and land development, providing considerable versatility for prospective buyers. Built in 2018, the site is ready for immediate development. Don't miss this chance to secure a prime location in a rapidly growing market.

    Property Features for 0 Michigan St 47 & Lester Ave

    General Information

    Property type
    Lifestyle centers
    Lot Size
    21,780 SF

    Building Details

    Year Built
    2018

    HighLights

    • Last remaining commercial outlot in Sidney, OH.
    • Excellent visibility and accessibility from W Michigan St (SR 47).
    • Shares access with a new Verizon Wireless store.
    • 0.50 to 1.805 acres available.
    • Fully serviced; utilities and drainage in place.
    • Ideal for restaurant, hotel, medical, office, or retail use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Sidney
    County
    Shelby
    State
    Ohio
    Longitude
    -84.1975717
    Latitude
    40.2876469

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    FAQs

    What type of property is this?
    Lifestyle center - Shovel-ready, high-traffic retail opportunity.
    Where is this lifestyle center located?
    The property is located at Michigan St 47 & Lester Ave Sidney, OH.
    What are key features of this property?
    This property features: Last remaining commercial outlot in Sidney, OH.; Excellent visibility and accessibility from W Michigan St (SR 47).; Shares access with a new Verizon Wireless store.
    Request Owner's contact information
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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
    Michigan St 47 & Lester Ave Sidney, OH 45365
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