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    2040 Ottawa River Rd Toledo, OH 43611

    For Sale
    $1,100,000

    Multi-tenant retail property in Toledo, OH with seller financing.

    Property size:
    11,116 SF
    Lot size:
    1.01 Acres

    Property Features for 2040 Ottawa River Rd

    General Information

    Size
    11,116 SF
    Lot size
    1.01 Acres

    Source: Legacy Real Estate Advisors Agent Danny Francis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Toledo Retail Property For Sale

    This multi-tenant retail property is located in Toledo, OH, within the Toledo, OH MSA. The building has 11,116 square feet of space and is situated on a 1.0 acre lot. The property benefits from dense demographics, with over 33,000 residents within a 3-mile radius. High traffic counts exceed 11,000 vehicles daily on Ottawa River Rd. Daytime employees exceed 21,000 within a 3-mile radius, and the average household income exceeds $64,000 within a 1-mile radius. The roof was replaced in 2021 and has a 20-year transferable warranty. The HVAC systems include a new unit and one that is 7 years old for Marco's Pizza, a unit installed in December 2023 for River Diner, and a new unit installed 4-5 years ago for Verizon. Seller financing is available with 75% LTV; contact the broker for more details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marco's Pizza Pizza Restaurant Verizon Cell Phone Store Margie's Store Home Goods Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.4981147
    Latitude
    41.7082311

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail property in Toledo, OH with seller financing.
    Where is this strip mall located?
    The property is located at 2040 Ottawa River Rd Toledo, OH.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Seller financing available (75% LTV); - Roof replaced in 2021 with a 20-year transferable warranty; - High traffic counts: 11,000+ vehicles pass the site daily
    (248) 450-3257
    Request Owner's contact information
    2040 Ottawa River Rd Toledo, OH 43611
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    Toledo, OH 43611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2040 Ottawa River Rd Toledo, OH 43611
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