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    2641-2661 W Bancroft St Toledo, OH 43606

    For Sale
    $195,000

    Half-acre commercial land with frontage near the University of Toledo.

    Lot size:
    0.48 Acres

    Property Features for 2641-2661 W Bancroft St

    General Information

    Lot size
    0.48 Acres

    Source: Reichle | Klein Group Agent Joe Belinske

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near University Campus

    This property features a half-acre of land zoned CM-Mixed for commercial and residential use. It includes 160 feet of frontage on Bancroft Street. The site is adjacent to and within walking distance of the University of Toledo campus, which has an enrollment of 14,400 students. All utilities are available at the site. The location benefits from excellent demographics, with a population of 104,723 within a 3-mile radius.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.6068905
    Latitude
    41.6630594

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    FAQs

    What type of property is this?
    Commercial land - Half-acre commercial land with frontage near the University of Toledo.
    Where is this commercial land located?
    The property is located at 2641-2661 W Bancroft St Toledo, OH.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - Adjacent and walking distance to University of Toledo Campus (enrollment of 14,400 students); - 1/2 acre zoned CM-Mixed commercial and residential; - 160' of frontage on Bancroft St.
    (419) 367-1001
    Request Owner's contact information
    2641-2661 W Bancroft St Toledo, OH 43606
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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
    2641-2661 W Bancroft St Toledo, OH 43606
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