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    5810 Monroe St Sylvania, OH 43560
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    Property profile & analytics

    5810 Monroe St Sylvania, OH 43560


    • Banks
    • 2,700 SF
    • 1.53 lot acres
    Development Site Near Shopping Center For Sale
    $180,000
    0.96 Acres

    Development Site Near Shopping Center

    0.959 acre development site near Sylvania Marketplace.

    5810 Monroe St, Sylvania, OH 43560
    View Listing
    Property ID
    US66-0034825
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sands & Associates Inc / Loan Service / Bank
    • Curves / Gym & Fitness Center

    Property Details for 5810 Monroe St

    Year built
    1984
    Lot size
    1.53 lot acres
    Property size
    2,700 SF
    Zone code
    31-B4
    Property type
    Banks
    APN
    82-04441
    APU
    8204441

    Description

    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).


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,590,000
      ML approach
      $1,440,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6806
    Latitude
    41.7123
    CBSA code
    45780
    CBSA name
    TOLEDO, 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
    $47,954
    $74,480
    $413,630
    $488,110
    -
    $212,800
    $1,181,800
    $1,394,600
    View Listing
    More about this property
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