6711 Monroe St Sylvania, OH 43560
- Office buildings
- 8,784 SF
- 0.82 lot acres
Current Use by Public Records
- Drs Simon Haerian Ludwig / Dentist
- Live Laugh Smile Orthodontics / Dentist
- Cindy Vincent, LMT & Optimum CHI / Massage Therapist
- Seagate Benefits Administrators, Inc / Health Insurance Agency
- Kevin J Kenney Associates / Real Estate Attorney / Elder Law Attorney
Property Details for 6711 Monroe St
- Year built
- 1995
- Lot size
- 0.82 lot acres
- Property size
- 8,784 SF
- Zone code
- 31-B1B
- Property type
- Office buildings
- APN
- 82-28481
- APU
- 8228481
Description
This exceptional 8,784-square-foot Class B office building presents a compelling investment opportunity in Toledo, Ohio. Located at 6711 Monroe St, Unit 3, in Sylvania, Lucas County, this property sits on a 0.81-acre lot and offers a versatile open floor plan, perfect for a variety of businesses. The asking price is $925,000. Its prime location within the city's commercial hub makes it highly attractive to both established companies and startups seeking a strong presence in the Toledo market. The building's size and layout provide ample space for growth and expansion, making it an ideal choice for businesses looking to scale their operations. The property is currently available for sale, offering a significant return on investment for prospective buyers. Its strategic location and functional design combine to create a highly desirable commercial property. The address is easily accessible, offering convenient access to major transportation routes and amenities. This presents a rare opportunity to acquire a well-situated, spacious office building in a thriving commercial area. The property's potential for rental income, based on a rate of $16 per square foot, further enhances its investment appeal. Serious inquiries are encouraged to explore this exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $525,000
- 6.5%
- $540,000
- 7%
- $530,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $470,000
- Mixed-Use
- $550,000
- Hospitality
- $495,000
- Educational
- $455,000
- Residential Income
- $470,000
- Energy
- $465,000
- Income-Based Land
- $590,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Sylvania
- County
- Lucas
- State
- Ohio
- Longitude
- -83.7052
- Latitude
- 41.7144
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
