Austin Cleghorn

1137 South Avenue, Toledo, OH 43609

$55,000
Property Type: Commercial Sale Lot Size (sq. ft.): 2,449 Status: Active
Current Price: $55,000 List Date: 4/09/2026 Last Modified: 7/06/2026

Overview

Description

Great investment opportunity to add to your portfolio! This commercial property at 1137 South Ave is tenant-occupied with a long-term tenant in place for 13 years, currently paying $900 per month and covering all utilities, providing consistent cash flow. Tenant is on a month-to-month lease, offering flexibility for future plans. Property can be bundled with the adjacent single-family home at 1143 South Ave, creating an excellent opportunity to expand your investment portfolio with both commercial and residential income potential. No showings without an accepted offer. No seller financing or creative financing options available.

Listing Details MLS# 10006167

Listing Information

Comp Sale YN
No
Property Sub Type
Retail

Status Change Information

Price Change Timestamp
2026-05-12T13:39:27Z
Status Change Timestamp
2026-04-09
Delayed Marketing
No

Address

Street Number
1137
Street Name
South
Street Suffix
Avenue
County
Lucas
State
OH
Postal Code
43609
Postal Code +4
2267
Parcel Number
14-12747

Contract

Named Exceptions YN
No
Original List Price
60000
Listing Contract Date
2026-04-09
Listing Agreement
Exclusive Right To Sell
Listing Service
Full Service
List Price/SqFt
91.67

Interior

Building Area Total
600
Basement YN
No

Building

Number Of Buildings
Yes
New Construction YN
No
Year Built
1950
Year Built Source
Public Records
Stories Total
Yes
Accessibility Features YN
No

More Information

Lot

Lot Size Acres
0.06
Lot Size Square Feet
2449
Lot Size Dimensions
72X28

Remarks

Public Remarks
Great investment opportunity to add to your portfolio! This commercial property at 1137 South Ave is tenant-occupied with a long-term tenant in place for 13 years, currently paying $900 per month and covering all utilities, providing consistent cash flow. Tenant is on a month-to-month lease, offering flexibility for future plans. Property can be bundled with the adjacent single-family home at 1143 South Ave, creating an excellent opportunity to expand your investment portfolio with both commercial and residential income potential. No showings without an accepted offer. No seller financing or creative financing options available.
Interior/Exterior - Video/Audio Equipment
Yes

Building and Property Details

Prefabricated Construction
No

Tax & Legal

6 Months General Tax
291.11
6 Months Special Assessment Tax
111.29
6 Months Total Tax
402.4
Tax Year
2025
Tax Legal Description
Shaw & Wells 3rd Addn Lot 81
Auction YN
No

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Construction Materials

Other
Yes

Cooling

None
Yes

Disclosures

None
Yes

Flooring

Other
Yes

Foundation Details

Slab
Yes

Heating

Natural Gas
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Location of Property

City
Yes

Parking Features

Parking Lot
Yes

Possession

Negotiable
Yes
Subject To Tenant Rights
Yes

Roof

Shingle
Yes

Sewer

Sanitary Sewer
Yes

Water Heater

Gas
Yes

Water Source

Public
Yes

Lease Term Options

Month To Month
Yes

Owner Pays

Taxes
Yes

Tenant Pays

All Utilities
Yes

Business Type

Retail
Yes

Licenses Required

None
Yes

Sale Includes

Other
Yes

Showing Requirements

See Remarks
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Business Type: Retail Construction Materials: Other Cooling: None Disclosures: None Flooring: Other Foundation Details: Slab Heating: Natural Gas Lease Term Options: Month To Month Licenses Required: None Listing Terms: Cash; Conventional Owner Pays: Taxes Parking Features: Parking Lot Possession: Negotiable; Subject To Tenant Rights Roof: Shingle Sale Includes: Other Sewer: Sanitary Sewer Tenant Pays: All Utilities Water Heater: Gas Water Source: Public Showing Requirements: See Remarks
Listing Office: LPG Realty
Last Updated: July - 06 - 2026
Broker Attribution: 614-600-0428

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