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Apartment Building with Parking Lot
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5311 N Detroit, Toledo, OH 43612

Apartment building near downtown Toledo with parking lot space for residents and visitors, and a permitted use schedule available.

Property Size13,464 SF
Price / SF$89.13
Days on Market125

Property Features for 5311 N Detroit

General Information

Standard status Active
Size 13,464 SF
Class C
Total Parking Spaces 36
Property subtype Multifamily
Zoning CR - Regional Commercial
Occupancy 100%
Investment Type Stabilized
Net Operating Income $131,257

Additional Details

Highway Access Yes

Building Details

Year Built 1970
Year Renovated 2024
Buildings 1
Units 35
Tenancy Multi
Listing Agency: Beal Properties LLC
Listed By: Stewart Beal · License #6505380163
Source: Crexi
Added: May 4 Changed: Sep 4 Last Checked: Sep 2 at 7:49PM

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 Beal Properties LLC

Investment Insights

Based on property information with market context.

This apartment building at 5311 N. Detroit in Toledo offers residential income use per the attached Permitted Use Schedule. The property includes a parking lot with plenty of room for cars.

The location is described as convenient to downtown Toledo, with access to multiple major freeways and nearby employment centers.

For more detailed information on the permitted uses and other specifics of the offering, please contact the listing team.

Key Highlights

  • Apartment building built in 1970
  • Located close to downtown Toledo
  • Access to multiple major freeways and employment centers

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods

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
Highway access

Location Intelligence

Trade Area within ½ mile

247
Businesses Nearby

Demographics for 43612, OH

29,718
Population
13,409
Households
2.2
Avg Household Size
35
Median Age
13%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
2,584
Density / Sq Mi
$50,484
Median Household Income
$33,770
Median Earnings
$976
Median Rent
$89,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building near downtown Toledo with parking lot space for residents and visitors, and a permitted use schedule available.
Where is this apartment building located?
The property is located at 5311 N Detroit Toledo, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Apartment building built in 1970; Located close to downtown Toledo; Access to multiple major freeways and employment centers
(734) 662-6133 Call to check price and availability
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