Property Details for 158 Milan Ave

Year built

1957

Lot size

0.37 lot acres

Property size

1,509 SF

Property type

Office buildings

APN

33-0290-03-002-0000

APU

330290030020000

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.

Location Insight

City

Norwalk

County

Huron

State

Ohio

Longitude

-82.6115

Latitude

41.255

CBSA code

35940

CBSA name

NORWALK, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments