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Property profile & analytics

6616 Monroe St Sylvania, OH 43560-1960

  • Office buildings
  • 7,992 SF
  • 0.27 lot acres
OFF-MARKET
Last Sale
Nov 08, 2022
$3,980
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US66-1476593
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Melinda Barringer Massage Therapy / Massage Therapist
  • Montgomery-Nichols / Insurance Agency / Auto Insurance Agency
  • Nichols Thomas / Insurance Agency
  • Jamilynn Fox: Allstate Insurance / Auto Insurance Agency / Motorcycle Insurance Agency
  • Gibellato Insurance Agency / Auto Insurance Agency / Motorcycle Insurance Agency

Property Details for 6616 Monroe St

Year built
1965
Lot size
0.27 lot acres
Property size
7,992 SF
Zone code
31-B3
Property type
Office buildings
APN
82-10266
APU
8210266

Description

This 7,992 square foot, Class C office building, constructed in 1960, presents a unique investment opportunity in the heart of Downtown Sylvania. Currently featuring seven suites, with 630 square feet of vacant space, this multi-tenant property offers excellent potential for growth. The building is conveniently located near Main Street's vibrant restaurant and retail scene, providing high visibility and accessibility for businesses. One available suite includes a lobby, two office areas, and a private bathroom, ideal for a small office or retail service business. The property benefits from its proximity to a city-maintained public parking lot, ensuring convenient parking for tenants and clients. The modified gross lease structure includes a monthly rent of $950 and a security deposit of the same amount. Tenant responsibilities encompass gas, electric, telephone, and internet services. Landlord responsibilities cover taxes, insurance, landscaping and snow removal, water, exterior building maintenance, and trash removal. This property offers a compelling blend of location, amenities, and a manageable lease structure, making it an attractive option for both investors and tenants seeking a prime location in Downtown Sylvania. The building's address is conveniently located near Richard Becker Place.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Sylvania
County
Lucas
State
Ohio
Longitude
-83.704
Latitude
41.7159
CBSA code
45780
CBSA name
TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,433
$4,690
$120,785
$125,475
-
$13,400
$345,100
$358,500
More about this property
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