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    114-116 Indiana Ave Perrysburg, OH 43551

    For Sale
    $724,900

    Historic building, high-traffic location, huge potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property at 114-116 W Indiana Avenue in Perrysburg, Ohio, presents a unique investment opportunity. Spanning a substantial 5,668 square feet on a 0.25-acre lot, this building is ideally situated just two doors from Louisiana Avenue, in the heart of Perrysburg's historic downtown district. Currently operating as an antique shop, the property offers immense versatility for a wide range of businesses. Imagine transforming this space into a thriving yoga studio, health and wellness center, educational facility, or another retail establishment. The building's character is enhanced by two non-functioning brick fireplaces with mantels, adding a touch of charm to the spacious interior. Abundant front windows provide excellent display opportunities, capitalizing on the high foot traffic generated by the area's vibrant atmosphere, including the farmer's market, parades, and festivals. The property boasts two gas meters and two electric meters, ensuring ample utility capacity. A mezzanine loft in the rear, currently used as a Pilates studio, contributes to the property's income potential. An upstairs apartment is also included, generating a current monthly income of $2,000. This prime location offers unparalleled access to the bustling activity of downtown Perrysburg, making it an exceptional opportunity for a discerning investor or entrepreneur. The asking price is $724,900.

    Property Features for 114-116 Indiana Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Perrysburg
    County
    Wood
    State
    Ohio
    Longitude
    -83.62836
    Latitude
    41.55643

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, high-traffic location, huge potential.
    Where is this commercial real estate located?
    The property is located at 114-116 Indiana Ave Perrysburg, OH.
    What is the asking price?
    The asking price for this property is $724,900.
    (419) 874-2231
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    114-116 Indiana Ave Perrysburg, OH 43551
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    Perrysburg, OH 43551
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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
    114-116 Indiana Ave Perrysburg, OH 43551
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