Technical
Financial
Distress signals
Property profile

524 Main St Toledo, OH 43605

OFF-MARKET
Drive through restaurants
Property ID
US66-2111815
2,371 SF 0.11 ac lot Built 1956
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 524 Main Street, Unit 524, in the heart of downtown Toledo, Ohio, presents a unique investment opportunity. Currently configured as a pizza restaurant, this turnkey operation is being offered via online auction with a minimum bid of $139,000. The auction concludes Friday, February 14th at 1 PM. The property boasts a prime Main Street location within a high-traffic area, benefiting from a well-established local customer base. All existing equipment is included in the sale, providing a seamless transition for a new owner. This includes pizza ovens, walk-in coolers, and various fixtures. The building itself features a spacious dining area and a convenient carryout section. The property sits on a 0.11-acre lot and includes a large parking lot, a significant advantage in a busy downtown setting. Its zoning allows for a variety of commercial uses, opening doors to numerous possibilities beyond its current configuration. The property's proximity to the New Glass City Park, The Docks, and other waterfront businesses further enhances its appeal and potential for success. A buyer's premium of 10% applies. An open house is scheduled for February 8th from noon to 2 PM, offering a chance to view this promising property firsthand.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1956
Total area 2,371 SF
Lot 0.11 ac (4,746 SF)
Zoning code 10-CS
APN 17-03027
UPID US66-2111815

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

524 Main St Toledo, OH 43605-2060
Toledo metro Census 4800 TOLEDO, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$105k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2025
Last sale
$134,000
2 recorded transactions
2025
$134,000
2022
Price N/A

Zoning & alternative use

10-CS · Toledo, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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