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    3420 Meijer Dr Toledo, OH 43617

    Sponsored
    For Lease
    $18 SF/Yr

    West Toledo Office Space, Build-to-Suit

    Lot size:
    34,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional West Toledo office campus, located at 3420 Meijer Drive, offers a unique build-to-suit opportunity. The 2.12-acre site allows for a total reimagination of the proposed development, encompassing three buildings, each approximately 10,000 to 12,000 square feet, for a total of 34,000 square feet. The property is zoned C-4 and boasts a Class A designation. Flexible space options are available, ranging from a minimum of 5,000 contiguous square feet up to the entire 34,000 square feet. Ceiling heights vary from 8'6" to 12'0", catering to diverse office needs. The property is ideally suited for medical, creative, executive, or traditional office uses. A generous improvement allowance is included for qualified tenants. Ownership of the entire 2.12-acre site is also available. This prime location in Sylvania Twp., easily accessible from Granite Circle, presents an unparalleled opportunity for businesses seeking a modern and adaptable workspace. The property currently has three suites, but the build-to-suit option allows for significant customization. This is a rare chance to secure a prominent presence in a thriving West Toledo submarket.

    Property Features for 3420 Meijer Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,000 SF
    Class
    A
    Total Rate
    52416.67

    Building Details

    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Build to Suit
    Size
    34,000 SF
    Rate per SF
    $18

    HighLights

    • Wooded lot in Sylvania Township, near medical facilities and Cobblestone Woods Business Park.
    • Excellent location with high visibility and proximity to numerous restaurants, banks, and retail amenities.
    • Surrounded by established medical and professional office users, including Mercy Emergency Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7153082
    Latitude
    41.6745575

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    FAQs

    What type of property is this?
    Office space - West Toledo Office Space, Build-to-Suit
    Where is this office space located?
    The property is located at 3420 Meijer Dr Toledo, OH.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Wooded lot in Sylvania Township, near medical facilities and Cobblestone Woods Business Park.; Excellent location with high visibility and proximity to numerous restaurants, banks, and retail amenities.; Surrounded by established medical and professional office users, including Mercy Emergency Center.
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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
    3420 Meijer Dr Toledo, OH 43617
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