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    1775 Progress Dr Perrysburg, OH 43551

    Sponsored
    For Sale
    $18,900,000

    252,600 SF Warehouse, Manufacturing, Ohio

    Property size:
    252,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 252,600-square-foot industrial property in Perrysburg, Ohio, is offered for sale at $18,900,000. Situated on 28.9 acres, this single-story, 1996-built warehouse boasts a General Industrial - I 2 zoning designation. The building features 13 loading docks, including four 8.5' x 10' docks with levelers and one 14' x 14' overhead door with a drive apron on the east elevation, and nine additional docks with levelers on the west elevation. Inside, you'll find a dedicated machine/fabrication shop, a cafeteria, and an IT room. The property also includes a fenced area for industrial gas storage and internal roof drains that lead to a retention pond. Ample parking is available with 153 spaces. The building offers ceiling heights ranging from 24' to 28'. A significant advantage is the property's excellent location, providing easy access to I-75, I-475, US 23, and the Ohio Turnpike (I-80/90), with high visibility from I-75. The property is served by a 138 KVA substation with 100,000 KVA @ 12,000 volts and 10,000 KVA @ 480 volts power. Expansion potential exists to the north. This NNN lease property is available for a 10-year term. The APN is Q61-400-1900-00008001. This is a prime opportunity for a significant industrial investment.

    Property Features for 1775 Progress Dr

    General Information

    Property type
    Manufacturing properties
    Square Feet
    252,600 SF
    Lot Size
    1,258,884 SF

    Building Details

    Year Built
    1996
    Stories
    1

    HighLights

    • $18,900,000 asking price for this 252,600 SF industrial warehouse/manufacturing facility.
    • 13 loading docks (3 dock‑high doors).
    • On‑site machine/fabrication shop.
    • Fenced area for industrial gas storage and internal roof drains to retention pond.
    • Employee cafeteria.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shutz Warehouse Solar Energy Equipment Supplier PODS Moving & Storage Moving And Storage Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perrysburg
    County
    Wood
    State
    Ohio
    Longitude
    -83.6365632
    Latitude
    41.5159789

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    FAQs

    What type of property is this?
    Manufacturing property - 252,600 SF Warehouse, Manufacturing, Ohio
    Where is this manufacturing property located?
    The property is located at 1775 Progress Dr Perrysburg, OH.
    What is the asking price?
    The asking price for this property is $18,900,000.
    What are key features of this property?
    This property features: $18,900,000 asking price for this 252,600 SF industrial warehouse/manufacturing facility.; 13 loading docks (3 dock-high doors).; On-site machine/fabrication shop.
    Request Owner's contact information
    1775 Progress Dr Perrysburg, OH 43551
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    Perrysburg, OH 43551
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1775 Progress Dr Perrysburg, OH 43551
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