245 Superior StToledo, OH 43604

Property Details for 245 Superior St

Year built

1919

Lot size

0.17 AC

Property size (Sq ft)

31,392 SF

Zone code

10-CD

Property type

Retail properties

Property subtype

Banks

APN

12-15107

APU

1215107

Description

This exceptional 21,888-square-foot retail/office property, located at 245 N. Superior Street in Toledo, Ohio, presents a unique investment opportunity. Built in 1916, this four-story building boasts stunning neoclassical architecture, instantly recognizable for its ornate stone façade and design inspired by ancient Greek temples. Its prominent downtown location at the north entrance of the Huntington Center ensures high visibility and accessibility. The building's rich history is further cemented by its inclusion in the National Register of Historic Places' Madison Avenue Historic District. This landmark property offers significant potential for adaptive reuse, catering to a variety of commercial ventures. The building's substantial square footage allows for diverse configurations to suit various business needs. Interested parties must complete a site visit application and assumption of risk agreement prior to touring the property. Detailed property information is available upon request. The property is situated in Lucas County, Ohio, with a zip code of 43604. Its precise coordinates are latitude 41.6517876 and longitude -83.5362526.

• CAP approach

  CAP return

  Valuation

  6%

  $7,899,680

  6.5%

  $7,292,012

  7%

  $6,771,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,399,748

  Geo Method

  $7,399,748

• Alternative Use

  Use

  Valuation

  Residential

  $6,151,085

  Hospitality

  $5,634,361

  Educational

  $4,687,722

  Medical

  $4,848,940

  Retail

  $7,292,012

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6518

Longitude

-83.5363

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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