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    1101 Mccord Rd Toledo, OH 43615

    Sponsored
    For Sale
    $600,000

    Prime Commercial Space, High-Traffic Area, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property at 1101 N McCord Road, Unit 1101, Toledo, OH, presents a unique investment opportunity. Situated on a 1.03-acre lot, the property boasts a total of 6,000 square feet of space. A thriving 4,000 square foot Oriental Food Mart currently occupies a significant portion, benefiting from a loyal customer base drawn to its diverse selection of specialty goods. This established business represents a strong foundation for continued success. Adjacent to the market is a substantial 2,000 square foot vacant space, ripe with potential. This area offers flexibility for expansion of the existing business, the addition of a complementary enterprise, or independent leasing for supplemental income generation. The property's high-traffic location ensures excellent visibility and accessibility, maximizing the potential for both existing and future operations. The asking price for the real estate is $600,000. The existing business is available for separate purchase at an additional cost of $150,000. This presents a compelling opportunity for investors seeking a blend of established income and significant growth potential. Don't miss this chance to acquire a prime commercial property in a thriving Toledo location.

    Property Features for 1101 Mccord Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    44,867 SF

    Building Details

    Year Built
    2003
    Property Profile Location Intelligence

    Current Use by Public Records

    Tee Oriental Food ... Asian Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.70426
    Latitude
    41.6518

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space, High-Traffic Area, Huge Potential
    Where is this commercial real estate located?
    The property is located at 1101 Mccord Rd Toledo, OH.
    What is the asking price?
    The asking price for this property is $600,000.
    (419) 308-5990
    Request Owner's contact information
    1101 Mccord Rd Toledo, OH 43615
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    Toledo, OH 43615
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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
    1101 Mccord Rd Toledo, OH 43615
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