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    406 W Ross St Toledo, IA 52342

    For Sale
    $399,000

    Commercial Sale - Toledo, IA

    Lot size:
    1.67 Acres
    Days on Market:
    142
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 406 W Ross St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0221415379011
    Lot size
    1.67 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Number of units
    3
    Building materials
    Metal Siding
    Architectural style
    Other

    Wedmore Realty LLC (641) 484-5889

    Listing agent Michael Wedmore (641) 484-5889 License #***

    Listing date Jul 17, 2025

    MLS# 6329387 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Toledo Commercial Property For Sale

    This commercial property, formerly Gene's Auto Body Shop, includes a main quonset shop measuring 54' x 70' with a small storage shed to the back. The shop features a 14' x 14' overhead door with an opener, and a smaller overhead door to the rear without an opener. Inside, there is a commercial air compressor, a DeVries hoist, benches, and miscellaneous items. The shop is equipped with a forced air furnace, central air, and a free-standing wood stove for supplemental heat. It also contains a bathroom with a sink, though the water heater is non-functional, and a small office area with a desk. Additionally, there are two other buildings, each measuring 40' x 72'. The north building has a cement floor and a 16' wide x 12' tall overhead door with an opener. The west building has a gravel floor and a 20' wide x 12' tall overhead door with an opener. Both buildings are wired. The three buildings are clean and in above average condition. Situated on 1.67 acres, the property offers ample space for additional buildings, parking, or storage units. The property is located in Toledo, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    D's Auto & Truck, Musgrave Motors, Wilk’s Repair, K & K Auto Body & Paint, CarDoc

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Tama
    State
    Iowa
    Longitude
    -92.583984
    Latitude
    41.993173

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    FAQs

    What type of property is this?
    Auto shop - Commercial property with multiple buildings, formerly an auto body shop.
    Where is this auto shop located?
    The property is located at 406 W Ross St Toledo, IA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - 1.67 acres of land with room for expansion.; - Three clean buildings in above-average condition: a 54' x 70' quonset shop and two 40' x 72' buildings.; - Main shop includes a **14' x 14' overhead door with opener**, commercial air compressor, and DeVries hoist.
    (641) 484-5889
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    406 W Ross St Toledo, IA 52342
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    Toledo, IA 52342
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406 W Ross St Toledo, IA 52342
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