140 W Front St Perrysburg, OH 43551
Historic building offers divisible first-floor commercial space with offices and restrooms, plus residential units above.
- 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 (419) 215-1008
Listing date Jun 1, 2026
Source Cpix.resimplifi
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Investment Insights
Based on property information with market context.
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 |