1745 Indian Wood CirMaumee, OH 43537

Property Details for 1745 Indian Wood Cir

Year built

1988

Lot size

1.57 AC

Property size (Sq ft)

11,922 SF

Zone code

16-CM

Property type

Office properties

Property subtype

Office buildings

APN

36-40961

APU

3640961

Description

This exceptional two-story office building, located at 1745 Indian Wood Circle in Maumee, Ohio, offers 42,000 square feet of prime office space. Built in 1988 and extensively renovated in 2020 (with a full HVAC upgrade completed in 2022), this Class A property boasts a desirable location within the Arrowhead Business Park. The building features a brick and steel construction, steam/radiant/forced air heating, and central air conditioning. Fire safety is ensured with a sprinkler system. The interior features concrete floors. Convenient elevator access is available in this two-story building situated on a 3.25-acre lot. Currently, multiple suites are available, ranging from 1,761 to 5,124 square feet, making it ideal for businesses of various sizes. The building is zoned CM and is part of a well-established business park. The common areas underwent a complete renovation in the spring of 2020, reflecting a commitment to providing a high-quality work environment. This property presents a unique opportunity for businesses seeking modern, well-maintained office space in a thriving location. The building has one structure.

• CAP approach

  CAP return

  Valuation

  6%

  $2,040,903

  6.5%

  $1,883,910

  7%

  $1,749,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,115,184

  Geo Method

  $1,115,184

• Alternative Use

  Use

  Valuation

  Residential

  $2,336,048

  Hospitality

  $2,139,808

  Educational

  $1,780,295

  Medical

  $1,841,522

  Retail

  $2,769,348

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5888

Longitude

-83.6839

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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