927 Summit StToledo, OH 43604

Property Details for 927 Summit St

Year built

1947

Lot size

0.17 AC

Property size (Sq ft)

7,263 SF

Zone code

10-CR

Property type

Retail space

APN

15-43217

APU

1543217

Description

This exceptional 7,263-square-foot flex building presents a unique investment opportunity in Toledo, Ohio. Located at 927 N. Summit Street, this mixed-use property seamlessly blends office and industrial space, ideal for a variety of businesses. The asking price is $495,000, translating to $68.15 per square foot. The property features a 2,300-square-foot warehouse area accessible via a grade-level door, providing ample storage and workspace. Additional storage and work areas are available, along with attractive loft space. High-quality finishes enhance the office/storefront area. Parking is readily available, with on-street options and secured lots in the rear. This prime location within Toledo's DORA Vistula Entertainment District offers excellent visibility and accessibility. The property's proximity to the Glass City Metropark Complex, Riverwalk, and the Gateway @ Lowertown Project further enhances its appeal. The lease type is NNN (Net, Net, Net), and the tenancy is single. This versatile property is ready for immediate occupancy. The property is situated in Lucas County, Ohio, with a zip code of 43604.

• CAP approach

  CAP return

  Valuation

  6%

  $1,827,707

  6.5%

  $1,687,114

  7%

  $1,566,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,712,040

  Geo Method

  $1,712,040

• Alternative Use

  Use

  Valuation

  Residential

  $1,423,144

  Hospitality

  $1,303,592

  Educational

  $1,084,573

  Medical

  $1,121,874

  Retail

  $1,687,114

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6571

Longitude

-83.5265

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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