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Well-Maintained Office Building For Sale
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3131 Executive Pkwy, Toledo, OH 43606

Professionally managed office building with long-term tenants and excellent exposure.

Property Size34,344 SF
Price / SF$57.51
Days on Market787

Property Features for 3131 Executive Pkwy

General Information

Standard status Active
Size 34,344 SF
Property subtype Office
Listing Agency: Reichle | Klein Group
Listed By: Chad Ulmer · License #SAL.2024003889
Source: Crexi
Added: Jul 18, 2024 Changed: Sep 11 Last Checked: Sep 12 at 5:06AM

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

Investment Insights

Based on property information with market context.

This well-maintained office building presents an opportunity for investment or owner occupancy with existing income. The property has been professionally managed throughout its long-term ownership and currently has a 78% occupancy rate with long-term tenants in place. Professionally maintained office suites are available for lease in multiple configurations up to 5,349 square feet. The property is centrally located within the Westgate area, less than one mile from an expressway interchange. It offers excellent exposure and prominent signage along Executive Parkway. The building has a total size of 34,344 square feet.

Key Highlights

  • Investment/owner occupant opportunity with income
  • Well‑maintained asset with professional management
  • High occupancy rate (78%) with long‑term tenants

Property Analytics

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Current Use

Mahaffey & Associates LLC Law Firm Soul Searching Counseling Foster Care Service Divine Ivriy Alternative Medicine Practice AIDE FOR YOU, LLC Corporate Office Toledo Homecare Home Health Care Service

Suggested Use

Top Pick Building Supply Parking Lot & Garage HVAC Service Big Box & Wholesale Store Electrical Service Storage Facility

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

Location Intelligence

Trade Area within ½ mile

1,232
Businesses Nearby

Demographics for 43606, OH

25,671
Population
11,700
Households
2.2
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,949
Density / Sq Mi
$60,308
Median Household Income
$32,997
Median Earnings
$938
Median Rent
$165,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Professionally managed office building with long-term tenants and excellent exposure.
Where is this office building located?
The property is located at 3131 Executive Pkwy Toledo, OH.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Investment/owner occupant opportunity with income; Well‑maintained asset with professional management; High occupancy rate (78%) with long‑term tenants
(419) 861-1100 Call to check price and availability
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