158 Milan Ave, Norwalk, OH 44857-1146
- Office buildings
- 1,509 SF
- 0.37 lot acres
Current Use by Public Records
- Smokin Vape Norwalk / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
Property Details for 158 Milan Ave
- Year built
- 1957
- Lot size
- 0.37 lot acres
- Property type
- Office buildings
- APN
- 33-0290-03-002-0000
- APU
- 330290030020000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 6, 2022 | — | Not Provided | Not Provided | Affidavit · related | — |
| Nov 14, 2022 | $230,000 | Ohio Dh Realty LLC | Patrick R Spettel | Warranty Deed | — |
| Sep 29, 2016 | — | Patrick R Spettel | Spettel Servicing INC | Quit Claim Deed · related | — |
| Sep 13, 2012 | $133,000 | Spettel Servicing INC | Sutton Bank | Grant Deed · related | $153k · Sutton Bk |
| Jun 21, 2012 | $73,334 | Sutton Bank | Asbury,jessie R | Grant Deed · related | — |
| Dec 1, 2006 | $187,500 | Asbury,jessie R | Asbury,daniel R | Grant Deed · related | $149k · Sutton Bk |
Description
This exceptional investment opportunity presents a fully leased, two-unit commercial property ideally situated at 158 Milan Avenue in Norwalk, Ohio. Boasting excellent visibility and high traffic counts exceeding 12,000 vehicles daily, this property guarantees consistent income. The 0.37-acre lot features convenient customer parking in the front and a private parking lot in the rear. The durable metal roof ensures long-term maintenance savings. Both units are currently leased, generating a combined monthly rental income of $3,450. Tenants are responsible for all utilities, minimizing owner responsibilities. The right-side unit offers a full basement for ample storage, a waiting room/reception area, an office, a half bath, and convenient front and back door access. The left-side unit provides a spacious storefront layout, an office, a half bath, and front and back door access. Both units are equipped with air conditioning. This property's strategic location, just 15 minutes from the Kalahari Resort and 30 minutes from Cedar Point, coupled with its proximity to downtown Norwalk's amenities (pharmacies, grocery stores, gas stations, and restaurants), makes it an exceptionally attractive investment. The property's high visibility, strong rental income, and convenient location combine to create a compelling opportunity for a savvy investor seeking a low-maintenance, high-return commercial property. The asking price is $249,900.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Huron
- State
- Ohio
- Longitude
- -82.6115
- Latitude
- 41.255
- CBSA code
- 35940
- CBSA name
- NORWALK, OH MICROPOLITAN STATISTICAL AREA
