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    821 Alexis Rd Toledo, OH 43612

    Sponsored
    For Lease
    $8 SF/Yr

    High-traffic retail space, multiple units available.

    Lot size:
    90,507 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    North Towne Commons, located at 821 W. Alexis Rd, Toledo, OH 43612, presents a rare leasing opportunity within a thriving super regional shopping center. This 90,507 square foot property, situated in Lucas County, offers multiple tenancy options ranging from 13,000 to 30,925 square feet. The center boasts a strong anchor tenant lineup including Kroger, a remodeled Target (2021), and Office Max, ensuring high foot traffic and visibility. Numerous national in-line tenants such as Aaron's, Shoe Show Mega Store, and Penn Station further enhance the center's appeal and draw a diverse customer base. The property is professionally maintained and benefits from a primary access point with a traffic signal, maximizing convenience and exposure. North Towne Commons is part of a larger 400,000 square foot retail development at the southeast corner of Alexis Rd. and Lewis Ave., strategically positioned to serve residents of North and West Toledo, as well as Southeastern Michigan. The area's robust economy is supported by significant employers, including major players like GM Powertrain Toledo Transmission Operations and Chrysler Toledo Assembly Plant, providing a substantial and stable consumer base for the retail center. This prime location offers exceptional potential for businesses seeking high visibility and a strong customer base in a well-established retail environment.

    Property Features for 821 Alexis Rd

    General Information

    Property type
    Super regional malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,507 SF
    Total Rate
    64109.13

    Unit(s) available at that property

    Space
    829
    Size
    30,925 SF
    Rate per SF
    $8
    Space
    827-A
    Size
    13,000 SF
    Rate per SF
    $12

    HighLights

    • Rare leasing opportunity in thriving Toledo, OH super‑regional shopping center.
    • 90,507 square feet available, with spaces ranging from 13,000 to 30,925 square feet.
    • Strong anchor tenants include Kroger, remodeled Target (2021), and Office Max, driving high foot traffic.
    • Numerous national in‑line tenants such as Aaron's, Shoe Show, and Penn Station.
    • Excellent visibility and access via a signalized primary access point.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ocean Garden Buffet Chinese Restaurant New Star Beauty ... Beauty Supply Store Aaron's Rent To Own Furniture Store Penn Station East ... Sandwich Shop Vape Super Center Vaporizer Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -83.5620749
    Latitude
    41.719833

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    FAQs

    What type of property is this?
    Super regional mall - High-traffic retail space, multiple units available.
    Where is this super regional mall located?
    The property is located at 821 Alexis Rd Toledo, OH.
    What is the lease rate?
    The lease rate is $8-$12 SF/Yr.
    What are key features of this property?
    This property features: Rare leasing opportunity in thriving Toledo, OH super-regional shopping center.; 90,507 square feet available, with spaces ranging from 13,000 to 30,925 square feet.; Strong anchor tenants include Kroger, remodeled Target (2021), and Office Max, driving high foot traffic.
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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
    821 Alexis Rd Toledo, OH 43612
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