219 Milan Ave, Norwalk, OH 44857-1193
This exceptional 0.71-acre commercial outlot presents a unique investment opportunity in the thriving retail heart of Norwalk, Ohio. Strategically located directly in front of a Walmart Supercenter, this property boasts unparalleled visibility and accessibility. The site is zoned to accommodate a wide range of commercial uses, including retail, restaurants, drive-thrus, and automotive businesses. This prime location benefits from high traffic counts and a strong customer base drawn to the surrounding retail anchors. Nearby establishments include ALDI, Chipotle, Dunkin', Arby's, KFC, McDonald's, and numerous other popular restaurants and retailers. The surrounding area demonstrates significant economic strength, with an average household income exceeding $76,851 within a 5-mile radius and a population of 26,981 within the same proximity. This property is ideal for developers seeking a high-traffic location with excellent visibility or businesses looking for a build-to-suit opportunity in a densely populated and affluent area. The ground lease option provides flexibility for investors seeking passive income, while the build-to-suit option allows for customized development to meet specific business needs. Don't miss this chance to secure a premier commercial location in a rapidly growing market.
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Super Wash Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.