6711 Monroe St, Sylvania, OH 43560-1993
- Office buildings
- 8,784 SF
- 0.82 lot acres
Current Use by Public Records
- Drs Simon Haerian Ludwig / Dental Office
- Live Laugh Smile Orthodontics / Dental Office
- Cindy Vincent, LMT & Optimum CHI / Alternative Medicine Practice / Spa & Massage Center
- Seagate Benefits Administrators, Inc / Insurance Agency
- Kevin J Kenney Associates / Law Firm
Property Details for 6711 Monroe St
- Year built
- 1995
- Lot size
- 0.82 lot acres
- Zone code
- 31-B1B
- Property type
- Office buildings
- APN
- 82-28481
- APU
- 8228481
Description
This exceptional 8,784-square-foot Class B office building presents a compelling investment opportunity in Toledo, Ohio. Located at 6711 Monroe St, Unit 3, in Sylvania, Lucas County, this property sits on a 0.81-acre lot and offers a versatile open floor plan, perfect for a variety of businesses. The asking price is $925,000. Its prime location within the city's commercial hub makes it highly attractive to both established companies and startups seeking a strong presence in the Toledo market. The building's size and layout provide ample space for growth and expansion, making it an ideal choice for businesses looking to scale their operations. The property is currently available for sale, offering a significant return on investment for prospective buyers. Its strategic location and functional design combine to create a highly desirable commercial property. The address is easily accessible, offering convenient access to major transportation routes and amenities. This presents a rare opportunity to acquire a well-situated, spacious office building in a thriving commercial area. The property's potential for rental income, based on a rate of $16 per square foot, further enhances its investment appeal. Serious inquiries are encouraged to explore this exceptional opportunity.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $887,000
- AI Estimate
- $869,000
Market price range: $319k - $887kMarket price range: $319k - $869k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $565,000 Current use
- RESTAURANT
- $1,265,000 Change: +124% Conversion: Moderate
- MEDICAL BUILDING
- $890,000 Change: +58% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $710,000 Change: +26% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $645,000 Change: +14% Conversion: Difficult
- RETAIL STORES
- $620,000 Change: +10% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $565,000 Change: +1% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Sylvania
- County
- Lucas
- State
- Ohio
- Longitude
- -83.7052
- Latitude
- 41.7144
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
