Technical
Financial
Distress signals
Property profile

3321 Milan Rd Sandusky, OH 44870

FOR LEASE
Turn key restaurants
Property ID
US66-0169970
4,007 SF 0.87 ac lot Built 1976
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,228-square-foot retail or restaurant space is available for lease at 3321 Milan Road in Sandusky, Ohio. Located in Erie County, this single-tenant property sits on a sizable 0.87-acre lot, offering ample space and visibility. The entire building is currently vacant, presenting a unique opportunity for a business seeking a move-in ready location. The property's classification as both retail and restaurant suitable makes it ideal for a diverse range of commercial ventures. Its strategic location on Milan Road in Sandusky ensures high traffic volume and excellent exposure to potential customers. The property's size and layout offer flexibility for various business configurations, allowing for customization to meet specific operational needs. This is a prime opportunity for a business seeking a prominent location in a thriving community. The property is ready for immediate occupancy, eliminating the need for extensive renovations or build-outs. Interested parties are encouraged to inquire for further details and lease terms. The property's address is 3321 Milan Road, Sandusky, OH 44870. The zip code is 44870.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1976
Total area 4,007 SF
Lot 0.87 ac (37,897 SF)
APN 32-03676-000
UPID US66-0169970

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

3321 Milan Rd Sandusky, OH 44870
Sandusky metro Census 41400 SANDUSKY, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2020
Last sale
$86,750
4 recorded transactions
2020
Price N/A
2018
$86,750
2014
Price N/A
2007
$366,166

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message