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    FOR LEASE
    Warehouses

    1120 Cherry St, Toledo, OH 43608

    61,688 SF 1.77 ac lot Built 1965
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US66-1166257
    Property summary
    AI-generated overview

    This well-maintained, single-story industrial warehouse building, located in Toledo's Lucas County submarket, offers 39,000 total square feet, with 13,200 square feet currently vacant and immediately available. Built in 1977, the property sits on a 1.61-acre lot and features a 20-foot clear ceiling height, ideal for various uses. The space is divisible, with a minimum leasable area of 4,400 square feet and a maximum contiguous space of 13,200 square feet, making it suitable for single or multi-tenant occupancy. The building's concrete construction ensures durability and longevity. Its strategic location provides excellent access to Greenbelt Parkway and Interstate 280, enhancing logistics and transportation efficiency. The property includes 17 total parking spaces and a sizable outdoor laydown area, adding further value and flexibility. Zoned 10-IG, this property is perfectly suited for contractors' storage, distribution and warehousing, light manufacturing, and general storage needs. The property's address is easily accessible via Seneca St and Cherry St, and its APN is 1853227. This is a prime opportunity for businesses seeking efficient and well-located warehouse space in the Toledo area.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1965
    Total area 61,688 SF
    Lot 1.77 ac (77,101 SF)
    Zoning code 10-IG
    APN 18-53227
    UPID US66-1166257
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Reliable Belting & Trans Factory Industrial Manufacturer
    • Wurtec Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.48M
    Blend (final) Blend
    $1.27M
    Owner & transaction history
    Seneca Warehouse LLC · 3 yrs held
    Seneca Warehouse LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    10-IG · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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