9908 Milan Rd Milan, OH 44846
This exceptional 34.58-acre commercial land parcel boasts a prime location on heavily trafficked US Route 250 in Milan, Ohio, Erie County, zip code 44846, offering unparalleled visibility and accessibility. Situated at 9908 Milan Road, this Class A property presents a unique investment opportunity with approximately 300 feet of frontage on US 250, a major thoroughfare leading to the renowned Cedar Point amusement park, experiencing over 12,000 vehicles daily. The asking price is $2,695,000, translating to $110,000 per acre. The land is 100% free and clear. Currently zoned for potential RV/campground development, this versatile property offers significant flexibility for various commercial ventures, subject to county approvals. Nearby developments include a modern indoor shooting range and other ongoing projects along SR 250, indicating a thriving and expanding area. An adjacent 8.1-acre parcel with approximately 1,100 feet of US 250 frontage is also available, presenting an opportunity to acquire a larger contiguous land holding for even greater development potential. This presents an exceptional chance to capitalize on the booming growth in this highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.