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Property profile & analytics
OFF-MARKET
Banks

331 Huron St Toledo, OH 43604

7,935 SF 0.06 ac lot Built 1908
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US66-0105484
Property summary
AI-generated overview

This exceptional 5,290 square foot office building is located in the heart of Toledo's Central Business District, between the Huntington Center and the Government District. The property features two 2,645 square foot floors, each with multiple private offices, a kitchenette/lunchroom, reception area, conference room, and two restrooms. A 2,645 square foot basement provides ample storage. Benefitting from a 30-year Tax Incremental Financing (TIF) agreement approved in 2023, offering a partial real estate tax exemption, this single-tenant property presents a unique investment opportunity. Its central location offers easy access to amenities and is situated near significant ongoing redevelopment projects, including the planned conversion of the former Madison Avenue Fifth Third Office Tower into a residential building with 152 units and 5 retail spaces, and the historic renovation of the Spitzer Building, representing a combined $190 million investment. The building is internally connected to 333 N Huron St, offering potential for expansion. This property is ideally suited for a business seeking a prominent downtown location with significant tax advantages.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1908
Total area 7,935 SF
Lot 0.06 ac (2,650 SF)
Zoning code 10-CD
APN 15-48951
UPID US66-0105484
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
Cad Tavern INC · 19 yrs held
Cad Tavern INC
since 2006
2 recorded transactions
2006
$300,000
2006
$300,000
Zoning & alternative use
10-CD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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