Listing Agency: Passov Real Estate Group Show Phone

Listed By: Bryant Bitar · License #SAL.2012003175 Show Phone

Source: Moodyscre

Added: Jul 22, 2025 Changed: Aug 16 Last Checked: Sep 13 at 4:57AM

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Investment Insights

Based on property information with market context.

This for-sale shopping center totals 188,500 square feet on 27.8 acres and is anchored by Lowe’s Home Improvement Store. The site includes a 1-acre pad site and also has redevelopment opportunities on an additional 4.5 acres.

Access is provided via a signalized intersection on W. Alexis & Lewis, with signalized access off West Alexis Road. The property is positioned within an established retail trade area that includes Home Depot, Target, Kroger, Ollie’s, and TJ Maxx. Approximately 57,500 vehicles pass the site daily, supporting strong visibility for retail users.

The layout combines an anchored center with dedicated pad and redevelopment areas, offering flexibility for a range of retail-driven concepts while maintaining established center operations.

Key Highlights

• 188,500 SF shopping center on 27.8 acres anchored by Lowe’s Home Improvement Store
• Signalized intersection access on W. Alexis & Lewis with access off West Alexis Road
• Approximately 57,500 vehicles pass the site daily

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Center

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

57,500 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

311

Businesses Nearby

401k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 31% Dining 21% Superstores 17% Home Improvements & Furnishings 13%

Target Superstores

69,162 visits/mo 0.4 miles

Kroger Groceries

46,982 visits/mo 0.3 miles

Michaels Shops & Services

31,140 visits/mo 0.3 miles

McDonald's Dining

28,773 visits/mo 0.3 miles

Lowe's Home Improvements & Furnishings

26,906 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Anchored shopping center on 27.8 acres with a signalized access point and an available pad site for expansion.

Where is this shopping center located?

The property is located at 5827 Lewis Ave Toledo, OH.

What are key features of this property?

This property features: 188,500 SF shopping center on 27.8 acres anchored by Lowe’s Home Improvement Store; Signalized intersection access on W. Alexis & Lewis with access off West Alexis Road; Approximately 57,500 vehicles pass the site daily