1002-1004 Water St Toledo, OH 43604
This exceptional redevelopment opportunity presents a substantial 55,207-square-foot free-standing building situated on a generous 1.41-acre lot in Toledo, Ohio. Located at 1002-1004 Summit St, 1024 Water St, with convenient access to Lagrange Street, this two-story structure, built in 1920, offers significant potential for a variety of uses. Currently vacant, the entire 55,207 square feet is available for lease. The property boasts 12 parking spaces and features a three-phase power supply and elevators. The zoning designation is IL – Limited Industrial, providing flexibility for adaptive reuse. The property includes multiple APNs: 01028001, 9001, 42851, and 42921, within Lucas County. This is a rare chance to acquire a substantial property in a desirable location with the potential to create a unique and impactful commercial space. The building's history and size, combined with its ample parking and convenient location, make it an attractive proposition for developers and businesses seeking a prominent presence in Toledo. The property's significant square footage and acreage offer substantial room for expansion or modification to suit a wide range of commercial needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.