For Sale
$165,000
4747 N Summit St, Toledo, OH 43611
Storefront properties
Property Size2,100 SF
Days on Market143
Property Features for 4747 N Summit St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Retail
Building Details
Building Size
2,100 SF
Year Built
1950
Listed By:
Matt Kwiatkowski
(419) 779-7548
Source:
Millerdiversified
Added: Jun 1
Changed: Oct 7
Last Checked: Oct 20 at 6:58PM
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 Matt Kwiatkowski
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Investment Insights
Based on property information with market context.
Key Highlights
- Brick building built in 1950 with retail storefront and open front layout
- Storefront updates: new windows and door, new outside lighting, and signage‑ready frontage
- Exterior improvements include a new roof and new exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,691
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,820
$273.8K
Cap Rate 7%
$195,586
$195.6K
Cap Rate 9%
$152,122
$152.1K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$21.2K $10.08/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$19.6K $9.31/SF
− OpEx
−$5.9K −$2.79/SF
NOI
$13.7K $6.52/SF
Area
Toledo, OH
Vacancy
7.60%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,820
Cap Rate 7%
$195,586
Cap Rate 9%
$152,122
Alternative Uses
Best Use
Retail
$195.6K
$171.1K – $228.2K
NOI $13,691 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.5K
$305.8K – $407.7K
NOI $24,464 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 38%
Home Improvements & Furnishings 3%
McDonald's
Dining
14,523 visits/mo
0.5 miles
Dollar Tree
Shops & Services
9,329 visits/mo
0.0 miles
Huntington Bank
Shops & Services
5,484 visits/mo
0.5 miles
Dollar General
Shops & Services
4,692 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
3,195 visits/mo
0.2 miles
Demographics for 43611, OH
18,505
Population
8,854
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
2,535
Density / Sq Mi
$58,135
Median Household Income
$36,185
Median Earnings
$832
Median Rent
$117,400
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
Where is this storefront property located?
The property is located at 4747 N Summit St Toledo, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Brick building built in 1950 with retail storefront and open front layout; Storefront updates: new windows and door, new outside lighting, and signage‑ready frontage; Exterior improvements include a new roof and new exterior paint
