917 Madison Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30351840
Property Subtypes: Mixed Use
Building Size (RSF): 3,903 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $225,000
Unit Price: $57.65 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2019

Overview / Comments

Located directly across from the Main Branch of the Toledo – Lucas County Public Library. Perfect building for an owner to run a business and live in an upper level apartment. Both apartments have been recently remodeled and feature two bedrooms each, 1.5 bathrooms, a large storage closet and a rooftop deck. Monthly rent was $800.00 and $850.00 for each of the apartments. Seller’s annual expenses: property insurance – $1,100, water – $954, and electric $813.The first floor has not been renovated but has a high ceiling. New plumbing, wiring, 4 new electrical services. Basement was excavated and has new concrete floor. Possible off street parking.

Additional Details

Nearest MSA: Toledo
County: Lucas
Tax ID/APN: 15-49651
Zoning: DOWNTOWN COMMERCIAL
Retail Clientele: General
Property Located Between: 10 th Street and Michigan Street
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1903
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Fenced in rear lot - can be made into a parking lot.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,197 131,402 274,121
Median Age: 32.52 32.92 35.58
Households: 6,234 51,179 111,294
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