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Property profile & analytics

4920 Milan Rd Sandusky, OH 44870-5899

  • Strip malls
  • 21,236 SF
  • 3.77 lot acres
OFF-MARKET
Value Estimations
$860,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US66-1530532
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Sprint Store / Cell Phone Store
  • Miracle-Ear Hearing Aid Center / Hearing Aid Store / Hearing Aid Repair Service
  • VIP Nails / Nail Salon
  • Outback Plaza - Sandusky, OH / Business Center / Shopping Mall
  • Boost Mobile / Cell Phone Store

Property Details for 4920 Milan Rd

Year built
2001
Lot size
3.77 lot acres
Property size
21,236 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
32-03494-004
APU
3203494004

Description

Outback Plaza, a thriving 21,650 square foot retail strip center in Sandusky, Ohio, presents a prime leasing opportunity. Located at 4920 Milan Rd (cross street: Meijer Drive), this 2001-built center sits on a 4.31-acre lot and boasts 150 parking spaces, ensuring ample customer convenience. The property is zoned commercial (APN: 3203494004) and currently houses ten suites, with a minimum divisible space of 1,500 square feet. One 1,500 square foot unit is currently available for lease, offering a chance to join a successful tenant mix that includes established businesses such as Outback Steakhouse, H&R Block, and The Exchange. The strategic location provides excellent visibility and accessibility, directly connecting to major retailers like Starbucks, AT&T, Meijer, and the popular Great Wolf Lodge. A traffic signal at the intersection further enhances visibility and convenient access. A three-year minimum lease term is preferred. This property offers a strong investment opportunity in a high-traffic area with established businesses and significant foot traffic. The property's size, location, and existing tenant base make it an ideal location for a variety of retail businesses seeking high visibility and a strong customer base.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $720,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $998,000
    Market price range: $382k - $999k
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $715,000
    Current use
    WAREHOUSE, STORAGE
    $1,025,000
    Change: +43% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Sandusky
County
Erie
State
Ohio
Longitude
-82.6634
Latitude
41.4088
CBSA code
41780
CBSA name
SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,161
$392,126
$331,747
$723,873
-
$1,120,360
$947,850
$2,068,210
More about this property
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