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Property profile & analytics
OFF-MARKET
Land

5405 Milan Rd Sandusky, OH 44870

9.33 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 9.33-acre commercial land parcel presents a rare development opportunity in Sandusky, Ohio. Located on Milan Road (Route 250), this property boasts 300 feet of frontage and benefits from an impressive average daily traffic count of approximately 29,000 vehicles in 2022, ensuring high visibility and accessibility. Its strategic location just north of Route 2 and a mere 5 miles from the renowned Cedar Point amusement park makes it an ideal site for a variety of commercial ventures. The property is zoned C-2 General Commercial, offering flexibility for diverse development plans. The surrounding area is anchored by a strong retail presence, including major national brands such as Walmart, Sam's Club, Meijer, Target, Lowe's, Staples, and Kohl's, creating a vibrant and established commercial environment. This is one of the few remaining undeveloped parcels in the rapidly growing Perkins Township, presenting a unique chance to capitalize on the area's robust economy and high consumer traffic. The property's APN is 32-03302.000. This is a truly exceptional opportunity for investors seeking a high-impact commercial development project in a prime location. The asking price for this exceptional property is $1,500,000.

Property profile
Verified
Property type Land
Lot 9.33 ac (406,415 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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