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    4920 Milan Rd Sandusky, OH 44870-5899

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    4920 Milan Rd Sandusky, OH 44870-5899


    • Strip malls
    • 21,236 SF
    • 3.77 lot acres
    Off-Market
    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.

    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sprint Store / Mobile Phone Store / Electronics & Wireless Store
    • Miracle-Ear Hearing Aid Center / Hearing Aid Store / Hearing Aid Repair Service
    • VIP Nails / Nail Salon
    • Outback Plaza - Sandusky, OH / Business Service Center / Corporate Office
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless 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
    Shopping 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 estimation — 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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