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Property profile & analytics
FOR LEASE
Banks

245 N Superior St Toledo, OH 43604

31,392 SF 0.17 ac lot Built 1919
Entity Owned 10-yr Hold Free & Clear
Property ID
US66-1629217
245 N Superior St, Toledo, OH 43604 For Lease
$1,605,000
245 N Superior St, Toledo, OH 43604
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Property summary
AI-generated overview

This exceptional 21,888-square-foot retail/office property, located at 245 N. Superior Street in Toledo, Ohio, presents a unique investment opportunity. Built in 1916, this four-story building boasts stunning neoclassical architecture, instantly recognizable for its ornate stone façade and design inspired by ancient Greek temples. Its prominent downtown location at the north entrance of the Huntington Center ensures high visibility and accessibility. The building's rich history is further cemented by its inclusion in the National Register of Historic Places' Madison Avenue Historic District. This landmark property offers significant potential for adaptive reuse, catering to a variety of commercial ventures. The building's substantial square footage allows for diverse configurations to suit various business needs. Interested parties must complete a site visit application and assumption of risk agreement prior to touring the property. Detailed property information is available upon request. The property is situated in Lucas County, Ohio, with a zip code of 43604. Its precise coordinates are latitude 41.6517876 and longitude -83.5362526.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1919
Total area 31,392 SF
Lot 0.17 ac (7,365 SF)
Zoning code 10-CD
APN 12-15107
UPID US66-1629217
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.65M
Blend (final) Blend
$1.61M
Owner & transaction history
Midland Agency Of Nw Ohio INC Tr · 10 yrs held
Midland Agency Of Nw Ohio INC Tr
since 2015
1 recorded transaction
2015
$430,000
Zoning & alternative use
10-CD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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