$445,000 CommercialMLS# 6016031
  • 24,768 SqFt
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Theater, 2 apartments, antique store & salon. Income $81,000 per year. Sellers estimated overload is $10,000 +/- overhead per year. Potential uses, theater, church, apartments. Great redevelopment site.

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The Toledo area, including Northwest Ohio and Southeast Michigan, offers the amenities of larger cities without sacrificing the advantages of a small town atmosphere. Located on the banks of the Maumee River at the western end of Lake Erie, Toledo can also be considered the crossroads of the nation. Not only do two of the nation's largest highways meet in northwestern Ohio (I-75 and I-80/90), but Toledo is also one of the busiest ports on the Great Lakes as well as a rail and air hub. That may make the area sound congested, but commuting across town rarely takes more than 20 minutes.

**Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

***Assessments are monthly fees such as Home Owners Association(HOA) Fees etc... Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.


Offered By Miller-Danberry Commercial Rea

MLS data on this site was last updated (11/25/17). Information is deemed reliable but not guaranteed.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the MCAR MLS (Michigan) and NORIS MLS (Ohio). Real estate listings held by brokerage firms other than The Danberry Co. are marked with the Broker Reciprocity logo. Detailed information about them includes the name of the listing brokers and the phone number (MCAR MLS only).

**Copyright 2017 MCAR (Michigan) or Copyright 2017 NORIS (Ohio)