118 Indiana Avenue

Photos

3 photos · courtesy Signature Associates - Toledo

Longstanding tenant. Lease term January 1, 2024 – December 31, 2029, with one 5-year option to extend. Current rent is $2,526/mo. Option rent is negotiable. Tenant responsible for sidewalks, lawn/landscape, driveways, electric, gas, water/sewer, maintenance, repairs, snow removal, waste removal, signage, outside painting every 4 years, real estate taxes, insurance and roof repairs. Finished basement with exterior access. Ramped access to first floor. First floor layout includes a large lobby, which currently seats 7, restroom, 4 exam rooms with sinks, admin area with check in/check out windows, 2 entries/exits for patients, 1 entry/exit for staff and a kitchen. Basement layout includes cubicle area, storage, office, kitchenette, IT room and restroom. Near Uptown Maumee. 238 yards to US-24, 1.95 miles to I-475/US-23, Exit 4. Very clean medical office. $30,312/year net income. Detailed repair notes on file from Service Master following a claim from an auto accident – prior to the roundabout construction, a vehicle hit the building.

Type

Office

Size

1,213 sq ft

Terms

$299,900

Offered as

For sale

Zoning

16-c1

Built

1924

Address

118 E Indiana Ave