28 Erie St Toledo, OH 43604
Property Lookup
Property profile & analytics
28 Erie St Toledo, OH 43604
- Retail space
- 22,800 SF
- 0.17 lot acres
Property ID
US66-2242510
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
- The Alleyway / Restaurant
Property Details for 28 Erie St
- Year built
- 1887
- Lot size
- 0.17 lot acres
- Property size
- 22,800 SF
- Zone code
- 10-CD
- Property type
- Retail space
- APN
- 12-15777
- APU
- 1215777
Description
This exceptional 22,800 square foot, four-story building, located at 28 N Erie St in Toledo, Ohio, presents a unique investment opportunity. Built in 1872 and completely renovated in 2019/2020, the property boasts a prime location on Erie Street, the main gateway into Downtown Toledo, ensuring high visibility and easy access. Its permitted Downtown Commercial zoning allows for continued operation as a successful bar and restaurant. The sale includes the real estate, liquor license, and all furniture, fixtures, and equipment (FF&E). Situated just one block from the 10,000+ seat 5/3 Field (Mud Hens Baseball), and two blocks from the 8,000+ seat Huntington Center (Walleye Hockey, concerts, and other events), this property benefits from the high foot traffic generated by these popular venues and their numerous annual events. The 10,890 square foot lot provides ample space, and the building's extensive 2019/2020 renovation encompassed a complete buildout and all mechanical, electrical, and plumbing (MEP) systems. This is a rare chance to acquire a thriving business in a vibrant, high-growth area of Toledo's Warehouse District, surrounded by other popular bars, restaurants, and entertainment options. The asking price is $2,500,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,174,000
Market price range: $642k - $1.60M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,480,000 Current use
- MEDICAL BUILDING
- $1,690,000 Change: +14% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,645,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,610,000 Change: +9% Conversion: Moderate
- OFFICE BUILDING
- $1,445,000 Change: -2% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,390,000 Change: -6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5403
- Latitude
- 41.6495
- 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
$8,935
$9,835
$68,915
$78,750
-
$28,100
$196,900
$225,000
