540 SULLIVAN AVENUE
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Location
540 SULLIVAN AVENUE
Mblu
111/ 53/ / /
Acct#
87300540
Owner
RLR INVESTMENTS LLC
Assessed Value
$1,258,700
Appraisal
$1,798,200
PID
7264
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$1,402,200$396,000$1,798,200
Assessment
Valuation YearImprovementsLandTotal
2025$981,500$277,200$1,258,700

Owner of Record
OwnerRLR INVESTMENTS LLC
Co-Owner
Address600 GILLAM ROAD
WILMINGTON, OH 45177
Sale Price$0
Certificate
Book & Page 2694/0298
Sale Date03/11/2019
Instrument29

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
RLR INVESTMENTS LLC$0 2694/02982903/11/2019
RLR INVESTMENTS LLC$3,960,000 1803/01990003/24/2006
RED STAR EXPRESS OF AUBURN INC$600,000 0430/02350004/08/1986

Building Information
Building 1 : Section 1
Year Built: 1969
Living Area: 25,480
Replacement Cost: $1,457,710
Building Percent Good: 68
Replacement Cost
Less Depreciation:
$991,200
Building Attributes
FieldDescription
Style:Truck Terminal
ModelInd/Comm
GradeC
Stories:1.00
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureGable
Roof CoverMetal
Interior Wall 1Minimum
Interior Wall 2 
Interior Floor 1Concrete
Interior Floor 2 
Heating FuelGas
Heating TypeForced Hot Air
% Central Air16
FoundationPoured Conc
Bldg UseIndustrial
Total Rooms0
Total Bedrms0
Total Fixtures9
% Wet Sprinkler 
% Dry Sprinkler 
1st Floor Use 
Heat/ACNONE
Frame TypeSTEEL
Baths/PlumbingAVERAGE
% Finished16
ClassS
Wall Height20.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 23,480 23,480
FUSFinished Upper Story 2,000 2,000
PTCConcrete Patio 24,700 0
   50,180 25,480
Building 2 : Section 1
Year Built: 1969
Living Area: 6,860
Replacement Cost: $350,203
Building Percent Good: 68
Replacement Cost
Less Depreciation:
$238,100
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Comm Garage
ModelComm/Ind
GradeC
Stories:1.00
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2Concr/Cinder
Roof StructureGable
Roof CoverMetal
Interior Wall 1Minimum
Interior Wall 2 
Interior Floor 1Concrete
Interior Floor 2 
Heating FuelGas
Heating TypeSpace
% Central Air10
FoundationPoured Conc
Bldg UseCommercial
Total Rooms0
Total Bedrms0
Total Fixtures4
% Wet Sprinkler 
% Dry Sprinkler 
1st Floor Use 
Heat/ACNONE
Frame TypeSTEEL
Baths/PlumbingAVERAGE
% Finished10
ClassS
Wall Height18.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 6,860 6,860
   6,860 6,860

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
MEZ1Mezzanine-Unf160.00 S.F.$9002

Land
Land Use
Use Code301
DescriptionIndustrial  
ZoneI
NeighborhoodC400
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)9.6
Frontage0
Depth0
Total Market Land$277,200
Appraised Value$396,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PavingASAsphalt244000.00 S.F.$128,1001
FN3Fence-6' Chain  1688.00 L.F.$7,6001
PAV1PavingASAsphalt35000.00 S.F.$26,3002
PTOPatioMSMasonry1728.00 S.F.$4,3001
LT1Lights  10.00 UNITS$3,5001
LT2W/Double Light  4.00 UNITS$2,2001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$1,402,200$396,000$1,798,200
2024$1,402,200$396,000$1,798,200
2023$1,402,200$396,000$1,798,200

Assessment
Valuation YearImprovementsLandTotal
2025$981,500$277,200$1,258,700
2024$981,500$277,200$1,258,700
2023$981,500$277,200$1,258,700

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