4201 Milan RdSandusky, OH 44870

Property Details for 4201 Milan Rd

Year built

2007

Lot size

1.33 AC

Property size (Sq ft)

10,200 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

32-04588-000

APU

3204588000

Description

Commerce Plaza, located at 4201 Milan Rd in Sandusky, Ohio, presents a unique opportunity for businesses seeking high-visibility commercial space. This single-story, 10,200 square foot building, constructed in 2007, sits on a 1.33-acre lot in Erie County and is zoned for commercial use. The property boasts seven suites, with a minimum divisible space of 1,200 square feet and currently 3,000 square feet of vacant space available, including options for 1,500 or 3,000 square foot spaces. The building offers ample parking with 42 spaces available for tenants and customers. Its prime location on US 250 provides excellent visibility and accessibility, situated directly across from The Sandusky Mall and Target, ensuring high traffic volume and exposure. The property benefits from access to multiple traffic signals, further enhancing its accessibility. Currently, the building enjoys a diverse mix of tenants, anchored by Clothes Mentor. This is an exceptional opportunity to establish a presence in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,266,560

  6.5%

  $2,092,210

  7%

  $1,942,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $992,272

  Geo Method

  $992,272

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,265,650

  Mixed-Use / Specialty

  $2,009,740

  Hospitality / Lodging

  $1,376,820

  Office

  $1,919,670

  Institutional / Educational

  $2,062,510

  Residential Income

  $2,413,140

  Multifamily

  $3,310,040

  Automotive / Energy

  $1,767,870

  Parking / Income-Based Land

  $684,180

  Restaurant / Food Service

  $885,191

  Healthcare / Senior Housing

  $2,137,880

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4178

Longitude

-82.6747

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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