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Property profile & analytics
OFF-MARKET Estimated value $835,000
Retail space

6402 Milan Rd Sandusky, OH 44870-8377

5,676 SF 1.71 ac lot Built 1985
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US66-0704960
Property summary
AI-generated overview

This exceptional 5,676 square foot retail building, situated on a 1.7-acre lot in Sandusky, Ohio, presents a compelling investment opportunity. Boasting 200 feet of prime frontage on US 250, this property benefits from high visibility and convenient access. The building, constructed in 1985, features a brand new roof installed in 2024, ensuring long-term structural integrity. Its strategic location offers unparalleled convenience, being just half a mile from SR 2 and less than a mile from the renowned Kalahari Waterpark Resort. The property's proximity to the Ohio Turnpike (within 5+ miles) further enhances its accessibility and appeal to a wide range of businesses. Adding to its desirability is its close proximity to the recently opened RVC Outdoor Resort, a 215-site RV park, creating a vibrant and growing local market. The asking price is $699,000, translating to $123.15 per square foot. This single-story building presents a versatile space ideal for a restaurant or storefront operation, offering significant potential for growth and return on investment. The property's ample lot size provides ample parking and potential for future expansion. This is a rare opportunity to acquire a well-located, updated commercial property in a thriving area. The Erie County location and its proximity to major roadways and tourist attractions make this a truly unique investment prospect.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 5,676 SF
Lot 1.71 ac (74,531 SF)
APN 32-04002-000
UPID US66-0704960
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$798k
Blend (final) Blend
$835k
Owner & transaction history
Kwie F Liem · 7 yrs held
Kwie F Liem
since 2019
2 recorded transactions
2019
Price N/A
2019
$235,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $865,000 +50.9%
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