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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1002-1004 Water St Toledo, OH 43604

55,207 SF Built 1920
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1920
Total area 55,207 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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