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Property profile & analytics
FOR LEASE
Outlet malls

4702 Milan Rd Sandusky, OH 44870

210,186 SF 35 ac lot Built 1995
Entity Owned 11-yr Hold Free & Clear
Property ID
US66-0210514
Property summary
AI-generated overview

This exceptional retail opportunity is located inside a high-traffic Meijer store in Sandusky, Ohio, at 4702 Milan Road, zip code 44870, Erie County. The available space totals 841 square feet, divisible into units ranging from 350 to 491 contiguous square feet. This "store-within-a-store" concept offers unparalleled visibility and access to thousands of weekly customers. The space benefits from a high-traffic, front-of-store location, maximizing customer interaction. A single monthly fee covers real estate taxes, property insurance, CAM charges, and utilities. Branding opportunities include both interior and exterior signage. The location boasts exceptional demographics within a thriving trade area. This is an ideal space for various businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property is situated in a strong retail area, offering significant potential for growth and exposure. This unique opportunity provides a turnkey solution for businesses seeking a high-visibility location within a well-established retail environment.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1995
Total area 210,186 SF
Lot 35 ac (1,524,735 SF)
APN 32-00844-089
UPID US66-0210514
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
  • Tesla Supercharger Electric Vehicle Charging Station
  • Meijer Pharmacy Pharmacy
  • Western Union Bank Credit Union
  • Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
  • Meijer Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.93M
Blend (final) Blend
$9.41M
Owner & transaction history
Department Of Transportation · 11 yrs held
Department Of Transportation
since 2014
2 recorded transactions
2014
$55,801
2006
$360,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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
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