5810 Monroe St Sylvania, OH 43560
For Sale
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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).
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Sands & Associates Inc Loan Service Bank
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Curves Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
31-B4 · Sylvania, OHCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.