3532 Lagrange St Toledo, OH 43608
- Auto shops
- 4,696 SF
- 0.20 lot acres
Current Use by Public Records
- Darrow's Automotive Services / Auto Repair Shop
Property Details for 3532 Lagrange St
- Year built
- 1946
- Lot size
- 0.20 lot acres
- Property size
- 4,696 SF
- Zone code
- 10-CS
- Property type
- Auto shops
- APN
- 10-10751
- APU
- 1010751
Description
This exceptional investment opportunity presents two buildings totaling 5,496 square feet on a 0.51-acre lot in Toledo, Ohio. The property, situated at 3532, 3540, 3544, and 3548 Lagrange Street, boasts 225 feet of prime street frontage, ensuring high visibility. Originally used as an auto repair facility and used car lot, the main building (3532 Lagrange) offers 4,696 square feet of space, featuring 12'x10' and 12'x18' overhead doors, alignment stations, hydraulic lifts, and an air compressor. A separate 800-square-foot office building (3540 Lagrange) is also included, complete with a newer roof. The property features a secured, fenced, and paved lot, adding to its functionality and security. Built in 1946, the buildings are classified as Class C and sit on four parcels (APN: 10-10751, -44, -41, -34). Ceiling heights range from 10 to 14 feet. The property is zoned C-Commercial Garage, offering flexibility for various uses. Priced at $295,000, this translates to $53.68 per square foot, making it a compelling investment in a desirable Toledo location. The single-tenant property presents a strong foundation for future growth and income generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $355,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $355,000
- Mixed-Use
- $410,000
- Hospitality
- $345,000
- Educational
- $335,000
- Residential Income
- $365,000
- Energy
- $320,000
- Income-Based Land
- $295,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5436
- Latitude
- 41.6867
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA