2255 Michigan StSidney, OH 45365

Property Details for 2255 Michigan St

Lot size

0.78 AC

Property type

Auto shops

APN

01-1834226.018

APU

11834226018

Description

This exceptional 4.13-acre commercial land parcel presents a unique investment opportunity in Sidney, Ohio. Located at 2255 W Michigan St, this single-tenant property offers significant potential for development. The expansive lot size provides ample space for a variety of commercial uses, catering to businesses seeking a prominent location within Shelby County. The property's zoning (not specified in provided information) will need to be verified by prospective buyers to determine allowable uses. Given its size and location, this land is ideal for businesses requiring significant space for operations, storage, or expansion. The address is easily accessible from W Michigan St, offering excellent visibility and convenient access for customers and employees. This property is offered for lease and represents a chance to establish a strong presence in a growing market. Serious inquiries are encouraged to explore the possibilities this prime commercial land offers. Further due diligence is recommended to confirm all aspects of the property's suitability for intended use. The property is situated in Shelby County, Ohio, with a zip code of 45365. The latitude and longitude coordinates are 40.2875831 and -84.1893159 respectively. This information is provided for location verification purposes.

• CAP approach

  CAP return

  Valuation

  6%

  $9,571,501

  6.5%

  $8,835,231

  7%

  $8,204,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,683,715

  Geo Method

  $1,683,715

• Alternative Use

  Use

  Valuation

  Residential

  $7,452,848

  Hospitality

  $6,826,769

  Educational

  $5,679,792

  Medical

  $5,875,128

  Retail

  $8,835,231

Location Insight

City

Sidney

County

Shelby

State

Ohio

Latitude

40.2873

Longitude

-84.1894

CBSA code

43380

CBSA name

SIDNEY, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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