Listing Agency: Reichle | Klein Group

Listed By: Robert Hawkins · License #OH 0000177124

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 9:17AM

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Investment Insights

Based on property information with market context.

This retail space at 4204 W. Alexis Road in Toledo was previously operated as a restaurant. The property includes equipment, fixtures, and D5 and D6 liquor licenses.

Building improvements include a rubber roof and HVAC system replaced in 2014.

Key Highlights

• Restaurant equipment and fixtures included
• D5 and D6 liquor licenses included
• Rubber roof replaced in 2014

Property Analytics

Property Profile

Current Use

Happy Dragon Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

216

Businesses Nearby

17k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 97% Shops & Services 3%

Big Lots Superstores

16,273 visits/mo 0.4 miles

H&R Block Shops & Services

419 visits/mo 0.5 miles

Demographics for 43623, OH

20,320

Population

10,056

Households

2

Avg Household Size

43

Median Age

31%

College-Educated

93%

High-School Grad

6.7 sq mi

ZIP Area

3,033

Density / Sq Mi

$65,908

Median Household Income

$40,496

Median Earnings

$933

Median Rent

$167,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Includes existing equipment, fixtures, and D5 and D6 liquor licenses.

Where is this retail space located?

The property is located at 4204 W Alexis Road Toledo, OH.

What are key features of this property?

This property features: Restaurant equipment and fixtures included; D5 and D6 liquor licenses included; Rubber roof replaced in 2014