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Property profile & analytics
FOR SALE
Banks

5810 Monroe St Sylvania, OH 43560

2,700 SF 1.53 ac lot Built 1984
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-0034825
Property summary
AI-generated overview

This exceptional 0.83-acre commercial land parcel presents a remarkable development opportunity in the thriving Sylvania, Ohio market. Located in the B-4 Shopping Center District, this flat, readily developable site boasts excellent visibility and accessibility. Situated on Monroe Street, a four-lane road with a turning lane, the property enjoys high traffic counts (Monroe St: 18,276 VPD, Alexis Rd: 19,536 VPD in 2023). Its strategic location places it adjacent to the Farmers and Merchants State Bank and the Sylvania Marketplace shopping center, ensuring high foot traffic and brand recognition. The property is conveniently situated three-quarters of a mile east of downtown Sylvania and less than half a mile west of the US-23/I-475 interchange, providing easy access to major transportation arteries. A signalized entry is available along Alexis Road and Monroe Street, with potential for additional curb cuts and signage on Monroe Street. All utilities are conveniently located on-site. The property's location between Acres and Corey streets further enhances its appeal. Please note that bank or financial institution uses are restricted. APN: 8204441. Asking price: $198,000 ($238,554/acre).

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1984
Total area 2,700 SF
Lot 1.53 ac (66,647 SF)
Zoning code 31-B4
APN 82-04441
UPID US66-0034825
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
  • Sands & Associates Inc Loan Service Bank
  • Curves Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.47M
Owner & transaction history
The Farmers & Merchants State Bank · 3 yrs held
The Farmers & Merchants State Bank
since 2023
Last sale
$1.4M
3 recorded transactions
2023
Price N/A
2014
$1.4M
2004
$976,000
Zoning & alternative use
31-B4 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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