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    245 Superior St Toledo, OH 43604

    Sponsored
    For Sale
    Contact for pricing

    Historic 21,888 SF Bank, Prime Location

    Property size:
    21,888 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 21,888-square-foot retail/office property, located at 245 N. Superior Street in Toledo, Ohio, presents a unique investment opportunity. Built in 1916, this four-story building boasts stunning neoclassical architecture, instantly recognizable for its ornate stone façade and design inspired by ancient Greek temples. Its prominent downtown location at the north entrance of the Huntington Center ensures high visibility and accessibility. The building's rich history is further cemented by its inclusion in the National Register of Historic Places' Madison Avenue Historic District. This landmark property offers significant potential for adaptive reuse, catering to a variety of commercial ventures. The building's substantial square footage allows for diverse configurations to suit various business needs. Interested parties must complete a site visit application and assumption of risk agreement prior to touring the property. Detailed property information is available upon request. The property is situated in Lucas County, Ohio, with a zip code of 43604. Its precise coordinates are latitude 41.6517876 and longitude -83.5362526.

    Property Features for 245 Superior St

    General Information

    Property type
    Individual retail properties
    Square Feet
    21,888 SF

    HighLights

    • High‑traffic location on Superior Street, excellent for retail or restaurant use.
    • Recently renovated interior with modern finishes.
    • Strong tenant history and proven profitability.
    • Abundant street parking available for customers and employees.
    • Prominent corner location with high visibility.
    • Flexible lease terms available to qualified tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5362526
    Latitude
    41.6517876

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    FAQs

    What type of property is this?
    Individual retail property - Historic 21,888 SF Bank, Prime Location
    Where is this individual retail property located?
    The property is located at 245 Superior St Toledo, OH.
    What are key features of this property?
    This property features: High-traffic location on Superior Street, excellent for retail or restaurant use.; Recently renovated interior with modern finishes.; Strong tenant history and proven profitability.
    Request Owner's contact information
    245 Superior St Toledo, OH 43604
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    Toledo, OH 43604
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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
    245 Superior St Toledo, OH 43604
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