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    OFF-MARKET
    Specialty properties

    3024 131st St, Toledo, OH 43611-2329

    6,978 SF 0.91 ac lot Built 1955
    Individually Owned 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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Western Lake Erie Historical Societ
    Western Lake Erie Historical Societ
    since 2025
    Last sale
    $125,000
    3 recorded transactions
    2025
    $160,000
    2022
    2022
    $125,000
    Zoning & alternative use
    10-CN · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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