3024 131st St, Toledo, OH 43611-2329
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
10-CN · Toledo, OHToledo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.