1525 Cherry St Toledo, OH 43608
Property profile & analytics
1525 Cherry St Toledo, OH 43608
- Retail space
- 11,520 SF
- 0.44 lot acres
Property ID
US66-2309241
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Western Union / Bank / Credit Union
- Thomas Szymczak / Pharmacy
- higi / Physician
- Coinhub Bitcoin ATM Teller / Atm
- Amazon Hub Counter - Rite Aid #2637 / Postal Service / Courier Service
Property Details for 1525 Cherry St
- Year built
- 2003
- Lot size
- 0.44 lot acres
- Property size
- 11,520 SF
- Zone code
- 10-CR
- Property type
- Retail space
- APN
- 16-30174
- APU
- 1630174
Description
This exceptional 11,520-square-foot freestanding retail building, situated on a 1.09-acre lot in Toledo, Ohio, presents a compelling investment opportunity. Currently vacant, the property is zoned Regional Commercial (CR) and boasts a prime location just outside of Downtown Toledo, down the street from St. Vincent Medical Center. Previously occupied by a pharmacy, this versatile space is suitable for a variety of retail uses, including pharmacy, quick-service restaurant, or other similar businesses. The asking price is $1,800,000, translating to $156.25 per square foot. The property benefits from high visibility and significant traffic counts, with 23,727 vehicles per day passing the intersection of Cherry Street and Bancroft Street (per ODOT TIMS). Nearby businesses include McDonald's, Popeyes, Seaway Market, and more, indicating a strong retail environment. The surrounding area has a dense population of 208,335 within a 5-mile radius, with an average household income of $64,506, providing a substantial customer base. This property offers significant potential for a savvy investor seeking a high-traffic location with strong demographics. The address is 1525 Cherry St, Toledo, OH 43608.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,250,000
- 6.5%
- $1,155,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,389,000
- AI Estimate
- $1,457,000
Market price range: $339k - $1.39MMarket price range: $546k - $1.46M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,820,000
- MEDICAL BUILDING
- $855,000
- AUTO REPAIR, GARAGE
- $830,000
- NEIGHBORHOOD: SHOPPING CENTER
- $810,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5383
- Latitude
- 41.664
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,452
$19,075
$403,585
$422,660
-
$54,500
$1,153,100
$1,207,600
