5777 Summit St, Sylvania, OH, 43560

About This Home

LOCATION LOCATION LOCATION RARE MIXED-USE OPPORTUNITY: Prime Corner Property in Downtown Sylvania Positioned at the highly visible "Gateway into Downtown Sylvania" from Michigan, this exceptionally rare corner property offers unmatched flexibility for investors, business owners, and developers. Featuring 170 feet of prime frontage (105 ft. on Erie St. / 65 ft. on Summit St.), this unique parcel combines a historic residence with a newly renovated commercial space. Property Highlights • The Historic Residence: Built in 1857, proudly standing as the 3rd oldest home in Sylvania with mature trees all around. The house features a rare 2x2 parking layout accommodating four vehicles—a massive advantage over the tandem driveways typical of this neighborhood. • Turn-Key Commercial Space: A recently renovated, fully finished 800 sq. ft. commercial building fronting Erie Street. It includes independent heating and cooling, a private restroom, and dedicated storefront parking that outshines standard downtown parking options. • Ultimate Zoning Flexibility: Zoned B-3 Commercial/Mixed-Use. Live in the house and run your business next door, rent both structures for dual income, or convert the historic home into a second commercial/office space. Possibilities are endless, what is your plan? Bakery? Candleshop? Soft serve ice cream would do well in Downtown Sylvania! Investment & Redevelopment Potential • Strong Immediate Cash Flow: Estimated total projected rental income of $4,295/month (based on current market rates of $2,495 for a 3-bed/1-bath home and $1,800 for the commercial space(as of July 26)). Short-term rental (Airbnb) potential is also exceptionally strong for the home, with comparable nearby homes grossing over $3,000/month, with some almost double that during busy holiday months. • Prime Redevelopment Candidate: Situated in the second block of Downtown, zoning permits structures up to 60 feet in height, making it a blank canvas for a major luxury or mixed-use project. • Strategic Regional Growth: Downtown Sylvania is currently undergoing a massive revitalization. Property values are poised to benefit directly from the brand-new Summit Street paving (completed November 2025) and the upcoming $30 Million US-23 and Alexis/Monroe highway upgrade. Unmatched Walkability & Amenities Located right in the center of the action, this property is walking distance to Sylvania's best community anchors: • Local Dining & Retail: Sautter’s Grocery, Chandler Cafe, Inside the Five, J&G's Pizza, and Upside Brewing. • Convenience: Less than 1 mile from Kroger, plus quick access to Jimmy John's, Subway, Speedway, Taco Bell, Wendy’s, McDonald's, Fricker's, and Little Caesar’s. • Recreation & Civic: Plummer Pool, Burnham Park, Sylvania Library, Police, and Fire are all within a few blocks, with Highland Meadows Golf Course a mile away. • Major Institutions: Less than 1 mile to ProMedica Flower Hospital, about a mile to US 23 and just around the corner from Sylvania Northview High School. Downtown Sylvania is full of activity with big changes on the horizon. Don't miss out on this unprecedented opportunity.