Historic Mixed-Use Building

140 W Front St Perrysburg, OH 43551

Claim this Listing
For Sale
$690,000

Historic building offers divisible first-floor commercial space with offices and restrooms, plus residential units above.

Type:Office
Property size:
3,944 SF
Price / SF:
$174/SF
Added:
Jun 1, 2026
Days on Market:
42
Last Refresh:
Jul 10 at 3:06 am

Property Features for 140 W Front St

General Information

Standard status
Active
Size
3,944 SF
Property subtype
Office

Building Details

Year Built
1821

Listing office Signature Associates - Toledo

Listing date Jun 1, 2026

Source Cpix.resimplifi

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 Signature Associates - Toledo


Investment Insights

Based on property information with market context.

This historic mixed-use property was originally built as The Exchange Hotel and includes a commercial first floor, residential second floor, and a basement. The first-floor commercial area totals 2,080 square feet and was recently used for an aesthetics and wellness business, with a layout that includes offices, some offices with sinks, and a restroom within each first-floor “unit,” which supports flexibility to divide or operate as one larger space. The first floor also includes washer/dryer. The second floor provides 1,864 square feet of residential space with outdoor balconies, and there is an additional 520-square-foot basement.

The building is positioned right outside of Downtown Perrysburg with excellent visibility from Front Street and a main entryway into Perrysburg. Gas for the entire property is on one meter, and the electrical is divided into four meters. Recent updates include new electrical in the offices, plumbing updates (including sink relocations), and a new high-velocity HVAC system (Spacepak Central Air) with updated finishes such as flooring, cabinets, and countertops. Electric heat is currently not in use, with heating provided by a boiler. Two of the three garages are leased on a month-to-month basis.

Key Highlights

  • Historic Exchange Hotel (built 1821) as a mixed‑use property with commercial space on the 1st floor and residences above.
  • 1st floor commercial: 2,080 SF with offices and restrooms; each 1st‑floor unit has a restroom for easy division or use as one space.
  • 2nd floor residential: 1,864 SF plus outdoor balconies; apartments previously rented for $1,400–$1,500/month.

Local Financial Insights For Office B

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 $71.0k $18.00
− Vacancy −$12.8k −$3.24
EGI $58.2k $14.76
− OpEx −$14.6k −$3.69
NOI $43.7k $11.07
3,944 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$623.7K
$545.8K – $727.7K (±1% cap)
NOI $43,660 @ 7.0% cap · market cap 6.33%
Second Best
Mixed Use
$570.5K
$499.2K – $665.6K (±1% cap)
NOI $39,933 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$918.7K
$803.8K – $1.07M (±1% cap)
NOI $64,306 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Freeman Mark a DDS Dental Office Freeman Mark a MD Physician Jennifer Pfleghaar Physician PflegMed: Aesthetics and Wellness Spa & Massage Center Alicia Wagner - Personal ... Life Coach

Suggested Use

Real Estate Agency Auto Repair Shop Building Supply Restaurant Pharmacy HVAC Service Kitchen & Bath Showroom Hair Salon Electrical Service Big Box & Wholesale Store

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

FAQs

What type of property is this?
Mixed-use property - Historic building offers divisible first-floor commercial space with offices and restrooms, plus residential units above.
Where is this mixed-use property located?
The property is located at 140 W Front St Perrysburg, OH.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Historic Exchange Hotel (built 1821) as a mixed‑use property with commercial space on the 1st floor and residences above.; 1st floor commercial: 2,080 SF with offices and restrooms; each 1st‑floor unit has a restroom for easy division or use as one space.; 2nd floor residential: 1,864 SF plus outdoor balconies; apartments previously rented for $1,400–$1,500/month.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message