322 Illinois Ave Maumee, OH 43537
- Warehouses
- 5,576 SF
- 0.43 lot acres
Current Use by Public Records
- Wardog Surplus / Army & Navy Surplus Shop
Property Details for 322 Illinois Ave
- Year built
- 1954
- Lot size
- 0.43 lot acres
- Property size
- 5,576 SF
- Zone code
- 16-C2
- Property type
- Warehouses
- APN
- 36-01576
- APU
- 3601576
Description
This exceptional 5,576 square foot warehouse property, situated on a 0.34-acre lot at 322 Illinois Avenue Unit 322, Maumee, OH, presents a unique opportunity for businesses seeking ample space and functionality. The building boasts an additional 1,800 square feet of second-floor space, perfect for storage or office use, significantly expanding its versatility. The warehouse is equipped with two cranes, one with a one-ton capacity and the other with a two-ton capacity, making it ideal for handling heavy equipment. Three-phase electric service is in place, catering to the needs of power-intensive operations. High ceilings, measuring 18 feet, provide substantial vertical storage capacity. Convenient loading and unloading are facilitated by an overhead door large enough to accommodate a full-size semi-truck. The property benefits from a recently replaced roof (2024), with a recent inspection confirming its excellent condition. Its strategic location near major expressways and the turnpike ensures easy access to regional transportation networks. Detailed architectural drawings are available upon request. This property is priced at $625,000 and offers a compelling combination of functionality, convenience, and strategic location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $205,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $175,000
- Mixed-Use
- $215,000
- Hospitality
- $180,000
- Educational
- $180,000
- Residential Income
- $200,000
- Energy
- $190,000
- Income-Based Land
- $170,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Maumee
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6616
- Latitude
- 41.5674
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
