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601 Main Street, Toledo, OH 43605

$450,000
Property Type: Commercial Sale Lot Size (sq. ft.): 3,642 Status: Closed
Current Price: $450,000 List Date: 12/20/2024 Last Modified: 10/14/2025

Overview

Description

Mixed use with Commercial Space & Residential Apartments! Major renovations totaling over $130k! Every unit has been rehabbed. Fresh Interior Paint! Brand New Roof in 2024 totaling over $50k! New concrete at the back alley! This is an investor's dream! Income Producing Immediately! Professionally managed by a local Property Management Company. 12 Units; 2 commercial, 1 studio, 7 1-Bedrooms & 2 2-Bedrooms. Commercial tenants are long term & plan to stay. Huge rent increase potential! Just blocks away from the Riverfront & surrounded by major renovations being done by the City! Motivated Seller!

Listing Details MLS# 6124372

Listing Information

Property Sub Type
Business

Status Change Information

Price Change Timestamp
2025-02-11T17:09:56Z
Status Change Timestamp
2025-06-12
Purchase Contract Date
2025-04-03
Close Date
2025-06-12
Close Price
450000
Buyer Financing
Conventional

Address

Street Number
601
Street Name
Main
Street Suffix
Street
County
Lucas
State
OH
Postal Code
43605
Postal Code +4
1745
Parcel Number
06-03151

Contract

Named Exceptions YN
No
Original List Price
545000
Listing Contract Date
2024-12-20
Listing Agreement
Exclusive Right To Sell
Listing Service
Full Service

Building

Year Built
1907
Stories Total
3

Lot

Lot Size Acres
0.0836
Lot Size Square Feet
3642
Lot Size Dimensions
3,640

More Information

Remarks

Public Remarks
Mixed use with Commercial Space & Residential Apartments! Major renovations totaling over $130k! Every unit has been rehabbed. Fresh Interior Paint! Brand New Roof in 2024 totaling over $50k! New concrete at the back alley! This is an investor's dream! Income Producing Immediately! Professionally managed by a local Property Management Company. 12 Units; 2 commercial, 1 studio, 7 1-Bedrooms & 2 2-Bedrooms. Commercial tenants are long term & plan to stay. Huge rent increase potential! Just blocks away from the Riverfront & surrounded by major renovations being done by the City! Motivated Seller!

Tax & Legal

6 Months General Tax
2357.05
6 Months Special Assessment Tax
176.62
6 Months Total Tax
2533.67
Directions
Sixth St/Main St
Auction YN
No

Construction Materials

Brick
Yes
Stone
Yes

Cooling

Other
Yes

Disclosures

Lead Based Paint Disclosure
Yes

Flooring

Other
Yes

Foundation Details

Other
Yes

Heating

Other
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Other
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Other
Yes

Sewer

Sanitary Sewer
Yes

Water Heater

Other
Yes

Water Source

Public
Yes

Income and Expenses

Net Operating Income
0

Lease Term Options

Other
Yes

Owner Pays

Other
Yes

Tenant Pays

Other
Yes

Building Features

Free Standing
Yes
Loading Dock(s)
Yes

Business Type

Commercial
Yes
Other
Yes

Licenses Required

Other
Yes

Loading Details

Other
Yes

Sale Includes

Building
Yes
Land
Yes

Documents

Other
Yes

Property Features

Building Features: Free Standing; Loading Dock(s) Business Type: Commercial; Other Construction Materials: Brick; Stone Cooling: Other Disclosures: Lead Based Paint Disclosure Flooring: Other Foundation Details: Other Heating: Other Lease Term Options: Other Licenses Required: Other Listing Terms: Cash; Conventional Loading Details: Other Owner Pays: Other Parking Features: Other Possession: Subject To Tenant Rights Roof: Other Sale Includes: Building; Land Sewer: Sanitary Sewer Tenant Pays: Other Water Heater: Other Water Source: Public Documents: Other
Listing Office: Serenity Realty LLC
Last Updated: October - 14 - 2025
Copyright 2025 NORIS. All rights reserved. Information deemed reliable but not guaranteed.

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