You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Strip malls

4201 Milan Rd Sandusky, OH 44870

10,200 SF 1.33 ac lot Built 2007
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US66-6298453
Property summary
AI-generated overview

Commerce Plaza, located at 4201 Milan Rd in Sandusky, Ohio, presents a unique opportunity for businesses seeking high-visibility commercial space. This single-story, 10,200 square foot building, constructed in 2007, sits on a 1.33-acre lot in Erie County and is zoned for commercial use. The property boasts seven suites, with a minimum divisible space of 1,200 square feet and currently 3,000 square feet of vacant space available, including options for 1,500 or 3,000 square foot spaces. The building offers ample parking with 42 spaces available for tenants and customers. Its prime location on US 250 provides excellent visibility and accessibility, situated directly across from The Sandusky Mall and Target, ensuring high traffic volume and exposure. The property benefits from access to multiple traffic signals, further enhancing its accessibility. Currently, the building enjoys a diverse mix of tenants, anchored by Clothes Mentor. This is an exceptional opportunity to establish a presence in a thriving commercial area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 10,200 SF
Lot 1.33 ac (57,935 SF)
APN 32-04588-000
UPID US66-6298453
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
Current use
Occupant on record · Public records
  • Jimmy John's - Sandusky, OH Take-out & Catering Catering Service
  • Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
  • Amazon Hub Counter - AAA Sandusky Postal Service Courier Service
  • Commerce Plaza - Sandusky, OH Shopping Center & Mall
  • Clothes Mentor Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$480k
Blend (final) Blend
$525k
Owner & transaction history
Hoty Mall Properties Ltd · 6 yrs held
Hoty Mall Properties Ltd
since 2019
4 recorded transactions
2019
Price N/A
2018
$2.7M
2018
Price N/A
2004
$875,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $875,000 +154.1%
Retail stores $790,000 +129.9%
Medical building $705,000 +105.8%
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