123 Erie Street, Toledo, OH 43604
Fully renovated mixed-use property with street-level commercial space and two apartment floors plus a penthouse loft.
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 4:28 am
Property Features for 123 Erie Street
General Information
- Standard status
- Active
- Size
- 10,560 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1888
Listing agent Ryan Miller License #OH 2011003129
Listing office Reichle | Klein Group (419) 861-1100
Listing date Jun 16, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Reichle | Klein Group
HighLights
- Fully renovated mixed‑use building built in 1888 with updated systems and modern high‑end finishes
- Street‑level commercial space currently occupied by Last Hope Tattoo
- Top‑floor penthouse loft features a 3‑bedroom and 2.5‑bath layout
- Second floor includes two luxury 2‑bedroom, 2‑bath apartments
- Fully redeveloped in 2019/2020
- Downtown Toledo location within walking distance of entertainment, dining, and riverfront destinations
Overview
The property is located in Downtown Toledo and is described as being within walking distance of the area’s entertainment, dining, and riverfront destinations. Street-level retail provides direct building access, while the residential units are set above the commercial space.
For tenants, this setup offers dedicated apartment space over active street-level commerce, supporting a mixed live-and-work arrangement within the same asset. For buyers, the building provides an income component through both the apartments and the ground-floor commercial tenancy. Financial information is available upon qualified request.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.2k | $13.56 |
| − Vacancy | −$5.4k | −$0.52 |
| EGI | $137.8k | $13.04 |
| − OpEx | −$41.3k | −$3.91 |
| NOI | $96.4k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Wood
- State
- Ohio
- Longitude
- -83.5398159
- Latitude
- 41.6509552
