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    2801 Monroe St Toledo, OH 43606

    Sponsored
    For Sale
    Contact for pricing

    0.93-acre lot, high traffic, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.93-acre land parcel presents a compelling investment opportunity in Toledo, Ohio. Located at 2801 Monroe Street, in Lucas County, zip code 43606 (41.662705, -83.567291), this property boasts a prime location with significant daily traffic volume exceeding 13,000 vehicles. The site's existing on-site surface parking provides immediate utility and potential for various development scenarios. The substantial lot size offers ample space for a diverse range of projects, making it ideal for developers seeking a strategic location with high visibility and accessibility. The property is classified as land and is ready for immediate development. Its strategic location on Monroe Street ensures high visibility and convenient access for potential businesses and customers. This is a rare opportunity to acquire a well-situated parcel in a thriving area of Toledo, offering significant potential for future growth and return on investment. The high traffic count on Monroe Street makes this an ideal location for retail, commercial, or mixed-use development. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 2801 Monroe St

    General Information

    Property type
    Land
    Lot Size
    40,511 SF

    HighLights

    • 0.93‑acre land parcel available in Toledo, OH.
    • High traffic count exceeding 13,000 vehicles per day on Monroe Street.
    • Excellent development opportunity with existing on‑site surface parking.
    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
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.567291
    Latitude
    41.662705

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    FAQs

    What type of property is this?
    Land - 0.93-acre lot, high traffic, development ready.
    Where is this land located?
    The property is located at 2801 Monroe St Toledo, OH.
    What are key features of this property?
    This property features: 0.93-acre land parcel available in Toledo, OH.; High traffic count exceeding 13,000 vehicles per day on Monroe Street.; Excellent development opportunity with existing on-site surface parking.
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    2801 Monroe 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
    2801 Monroe St Toledo, OH 43606
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