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Property profile & analytics
OFF-MARKET
Land

9908 Milan Rd Milan, OH 44846

34.58 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 34.58 ac (1,506,305 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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