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Property profile & analytics
OFF-MARKET Estimated value $110,000
Specialty properties

3024 131st St Toledo, OH 43611-2329

6,978 SF 0.91 ac lot Built 1955
Individually Owned 1-yr Hold Free & Clear
Property ID
US66-2307997
Property summary
AI-generated overview

This exceptional 6,978 square foot property, located at 3024 131st St in Toledo, Ohio, presents a unique investment opportunity. Built in 1955 and extensively renovated in 2023, this single-story building sits on a 1.34-acre lot and is zoned CN Neighborhood Commercial. Previously used as a Masonic Lodge, the adaptable space offers a multitude of potential uses, including banquet hall, church, daycare center, office space, retail establishment, or restaurant. The layout features two large halls/meeting rooms, each approximately 3,000 square feet, perfect for gatherings or events. A fully equipped kitchen, office space, two restrooms, ample storage areas, and a garage with an overhead door add to the property's functionality. With a seating capacity of 298 for banquet-style events, this property is ready for immediate occupancy. The asking price is $249,000, translating to $35.68 per square foot. The property's location in the well-established Point Place area of Toledo, Lucas County (zip code 43611), offers excellent visibility and accessibility. The APN is 18-56704. This is a vacant, single-unit property offering significant potential for a savvy investor.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1955
Total area 6,978 SF
Lot 0.91 ac (39,640 SF)
Zoning code 10-CN
APN 18-56704
UPID US66-2307997
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
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k
Owner & transaction history
Western Lake Erie Historical Societ · 1 yrs held
Western Lake Erie Historical Societ
since 2025
Last sale
$125,000
3 recorded transactions
2025
$160,000
2022
Price N/A
2022
$125,000
Zoning & alternative use
10-CN · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Microsoft Word - TMZC 2024-04-24
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