4104 Milan RdSandusky, OH 44870

Property Details for 4104 Milan Rd

Year built

2012

Lot size

0.81 AC

Property size (Sq ft)

2,100 SF

Property type

Retail properties

Property subtype

Retail space

APN

32-01235-000

APU

3201235000

Description

This exceptional 2,100 square foot commercial property, situated on a 0.81-acre lot in Sandusky, Ohio, presents a unique sublease opportunity. Ideally located at 4104 Milan Road, this property benefits from its prime position adjacent to the Sandusky Mall, Target, and Old Navy, ensuring high visibility and foot traffic. The building is currently subject to a quick-service restaurant restriction, valid until 2030. This restriction provides a defined operational framework for potential tenants. The property's location within the bustling US 250 restaurant and retail district guarantees significant exposure to a large customer base. This presents a compelling opportunity for businesses seeking a well-established location with high traffic volume. The asking price for this sublease is $6,000. While a sublease is currently offered, the property owner is also open to discussing outright sale options. Interested parties are encouraged to inquire about the specifics of both the sublease and potential sale pricing. This property offers a rare chance to establish or expand a business in a highly desirable and accessible location. The combination of high visibility, established neighboring businesses, and a defined operational framework makes this an attractive proposition for qualified tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $555,351

  6.5%

  $512,632

  7%

  $476,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $495,014

  Geo Method

  $495,014

• Alternative Use

  Use

  Valuation

  Residential

  $432,424

  Hospitality

  $396,098

  Educational

  $329,549

  Medical

  $340,883

  Retail

  $512,632

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4195

Longitude

-82.6746

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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