4702 Milan RdSandusky, OH 44870

Property Details for 4702 Milan Rd

Year built

1995

Lot size

35.00 AC

Property size (Sq ft)

210,186 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

32-00844-089

APU

3200844089

Description

This exceptional retail opportunity is located inside a high-traffic Meijer store in Sandusky, Ohio, at 4702 Milan Road, zip code 44870, Erie County. The available space totals 841 square feet, divisible into units ranging from 350 to 491 contiguous square feet. This "store-within-a-store" concept offers unparalleled visibility and access to thousands of weekly customers. The space benefits from a high-traffic, front-of-store location, maximizing customer interaction. A single monthly fee covers real estate taxes, property insurance, CAM charges, and utilities. Branding opportunities include both interior and exterior signage. The location boasts exceptional demographics within a thriving trade area. This is an ideal space for various businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property is situated in a strong retail area, offering significant potential for growth and exposure. This unique opportunity provides a turnkey solution for businesses seeking a high-visibility location within a well-established retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $55,584,292

  6.5%

  $51,308,580

  7%

  $47,643,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,545,212

  Geo Method

  $49,545,212

• Alternative Use

  Use

  Valuation

  Residential

  $43,280,704

  Hospitality

  $39,644,892

  Educational

  $32,984,086

  Medical

  $34,118,460

  Retail

  $51,308,580

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4117

Longitude

-82.6637

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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