6616 Monroe St Sylvania, OH 43560-1960
This 7,992 square foot, Class C office building, constructed in 1960, presents a unique investment opportunity in the heart of Downtown Sylvania. Currently featuring seven suites, with 630 square feet of vacant space, this multi-tenant property offers excellent potential for growth. The building is conveniently located near Main Street's vibrant restaurant and retail scene, providing high visibility and accessibility for businesses. One available suite includes a lobby, two office areas, and a private bathroom, ideal for a small office or retail service business. The property benefits from its proximity to a city-maintained public parking lot, ensuring convenient parking for tenants and clients. The modified gross lease structure includes a monthly rent of $950 and a security deposit of the same amount. Tenant responsibilities encompass gas, electric, telephone, and internet services. Landlord responsibilities cover taxes, insurance, landscaping and snow removal, water, exterior building maintenance, and trash removal. This property offers a compelling blend of location, amenities, and a manageable lease structure, making it an attractive option for both investors and tenants seeking a prime location in Downtown Sylvania. The building's address is conveniently located near Richard Becker Place.
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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-B3 · 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.