Property profile

322 Illinois Ave Maumee, OH 43537

FOR SALE
Warehouses
Property ID
US66-0199267
5,576 SF 0.43 ac lot Built 1954
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,576 square foot warehouse property, situated on a 0.34-acre lot at 322 Illinois Avenue Unit 322, Maumee, OH, presents a unique opportunity for businesses seeking ample space and functionality. The building boasts an additional 1,800 square feet of second-floor space, perfect for storage or office use, significantly expanding its versatility. The warehouse is equipped with two cranes, one with a one-ton capacity and the other with a two-ton capacity, making it ideal for handling heavy equipment. Three-phase electric service is in place, catering to the needs of power-intensive operations. High ceilings, measuring 18 feet, provide substantial vertical storage capacity. Convenient loading and unloading are facilitated by an overhead door large enough to accommodate a full-size semi-truck. The property benefits from a recently replaced roof (2024), with a recent inspection confirming its excellent condition. Its strategic location near major expressways and the turnpike ensures easy access to regional transportation networks. Detailed architectural drawings are available upon request. This property is priced at $625,000 and offers a compelling combination of functionality, convenience, and strategic location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1954
Total area 5,576 SF
Lot 0.43 ac (18,731 SF)
Zoning code 16-C2
APN 36-01576
UPID US66-0199267

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

322 Illinois Ave Maumee, OH 43537
Maumee metro Census 7102 TOLEDO, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2015
4 recorded transactions
2015
$176,000
2015
Price N/A
2005
Price N/A
2004
$120,000

Zoning & alternative use

16-C2 · Maumee, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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