Active

$1,700,000

317 E Washington Street
Sandusky, OH 44870

0
Baths: 0.55
Acres

About this home

317 E. Washington St. presents an opportunity to acquire a newly renovated DG Market net lease investment located in the heart of downtown Sandusky, Ohio. Offered at $1,700,000, the 11,252 SF freestanding retail property is leased...

List price: $1,700,000
Original list price: $1,700,000
Annual property taxes: $10,699 / year
Year built: 1946

MLS # 20261110230104419648000000 · Listed by Joan Elflein · Ohio Broker Direct, LLC · Listed Nov 10, 2026 · Updated Nov 10, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226042580
Status: Active
List price: $1,700,000
Original list price: $1,700,000
List date: Nov 10, 2026
Property type: Commercial
Property subtype: Retail
County: Erie
Township: None
Parcel number: 56-00731-000

TaxesMLS-approved public listing fields

Annual property tax: $10,699
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bathrooms: 0
Finished area: 0 sq ft

Exterior and lotMLS-approved public listing fields

Lot size: 0.55

ParkingMLS-approved public listing fields

Total parking: 23

Listing and showing informationMLS-approved public listing fields

Listing office: Ohio Broker Direct, LLC
Listing agent: Joan Elflein
Public remarks: 317 E. Washington St. presents an opportunity to acquire a newly renovated DG Market net lease investment located in the heart of downtown Sandusky, Ohio. Offered at $1,700,000, the 11,252 SF freestanding retail property is leased to DG Market (Dollar General) under a 10 year lease backed by a full corporate guaranty and offers a 6.00% going-in cap rate before annual lawn and snow expenses with a Net Operating Income (NOI) of $102,000. The lease includes 3 five-year renewal options, each featuring a 10% rent increase, providing built-in long-term rental growth. The tenant is responsible for property taxes, insurance and base rent, the landlord's obligations are limited primarily to snow removal and lawn maintenance. The property has recently undergone a comprehensive renovation, including new mechanical, electrical and plumbing (MEP) systems, new parking lot, upgraded 600-amp electrical service and a new membrane roof backed by a 10-year warranty. Originally built in 1946, the single story building sits on approximately 0.55 acres with 23 parking spaces, equating to approximately 2.04 spaces per 1,000 SF leased. Strategically positioned in downtown Sandusky, the property has excellent visibility with 143' of frontage along Washington Street, located just 2 blocks from Lake Erie and approximately 8 minutes from Cedar Point, one of the region's premier tourist destinations. Additionally, the property is located within an Opportunity Zone and is zoned DBD (Downtown Business District), a designation intended to support the city's role as a regional center for corporate businesses, cultural attractions, museums, professional sports, and other commercial activities. This offering combines the security of a nationally recognized corporate tenant, minimal landlord responsibilities, recent capital improvements, contractual rent growth, and a highly desirable downtown location, making it an attractive net lease investment opportunity. Seller is a licensed real estate agent.

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20261110230104419648000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: Ohio Broker Direct, LLC
Listing agent: Joan Elflein
List date: Nov 10, 2026

Location & neighborhood

Named schools are not available from the reviewed sources for this listing.

Data details

District attendance-area locator

District: Lisbon Exempted Village School District

MLS-reported school names are not guaranteed attendance assignments. Independently verify every school and attendance assignment with the district.

How this home fits the Sandusky market

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$10,196

Estimated loan amount: $1,360,000

Principal & interest: $8,596
Property taxes: $892
Home insurance: $708
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details

Insurance starts at a planning estimate of 0.5% of the home price per year. Items shown as “Not included” are excluded from the total. The estimate does not include closing costs, utilities, maintenance, special assessments, or every lender and escrow charge; mortgage insurance may also apply based on the loan.

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