1120 Cherry StToledo, OH 43608

  • Industrial properties
  • 61,688 SF
For Lease
$5/SF/YR View listing

Property Details for 1120 Cherry St

Year built
1965
Lot size
1.77 AC
Property size (Sq ft)
61,688 SF
Zone code
10-IG
Property type
Industrial properties
Property subtype
Other warehouses
APN
18-53227
APU
1853227

Description

This well-maintained, single-story industrial warehouse building, located in Toledo's Lucas County submarket, offers 39,000 total square feet, with 13,200 square feet currently vacant and immediately available. Built in 1977, the property sits on a 1.61-acre lot and features a 20-foot clear ceiling height, ideal for various uses. The space is divisible, with a minimum leasable area of 4,400 square feet and a maximum contiguous space of 13,200 square feet, making it suitable for single or multi-tenant occupancy. The building's concrete construction ensures durability and longevity. Its strategic location provides excellent access to Greenbelt Parkway and Interstate 280, enhancing logistics and transportation efficiency. The property includes 17 total parking spaces and a sizable outdoor laydown area, adding further value and flexibility. Zoned 10-IG, this property is perfectly suited for contractors' storage, distribution and warehousing, light manufacturing, and general storage needs. The property's address is easily accessible via Seneca St and Cherry St, and its APN is 1853227. This is a prime opportunity for businesses seeking efficient and well-located warehouse space in the Toledo area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $12,087,415
    Hospitality
    $11,072,007
    Educational
    $9,211,780
    Medical
    $9,528,587
    Retail
    $14,329,436
1120 Cherry St, Toledo, Ohio

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.662
Longitude
-83.5344
CBSA code
45780
CBSA name
TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,383
$13,370
$293,160
$306,530
-
$38,200
$837,600
$875,800

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