Property profile

151 Michigan St Toledo, OH 43604

OFF-MARKET
Retail properties & Spaces
60,269 SF Built 1897
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Property summary

AI-generated overview

The Davis Building, a three-story, 60,269 square foot mixed-use property at 151 N Michigan St, Toledo, OH 43604, offers a unique blend of creative, traditional, and medical office spaces, along with retail and restaurant opportunities. Built in 1897, this historic building boasts a prime location in Toledo's Central Business District, equidistant from uptown and downtown, ensuring easy access for customers citywide. The building features 103 parking spaces—a rare amenity in this area—and elevators for convenient access to all three floors. With a maximum contiguous space of 5,000 square feet, the building currently houses a diverse mix of tenants including MidWest Kids, iDance Adaptive Performing Arts Center, Belle Amour Bridal, Salon Onyx, Erie Laser Ink, WS Design, and Leaf and Seed Cafe. Its CD zoning allows for a variety of uses. The building's central location provides excellent visibility and accessibility, with convenient access to I-75 and the Anthony Wayne Trail, ensuring high traffic exposure. This is an exceptional opportunity to secure a prominent presence in Toledo's vibrant arts and entertainment hub.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1897
Total area 60,269 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recording Studio
  • Media Distribution
  • Nail Salon
  • Apartment Building
  • Real Estate Agency

Location

151 Michigan St Toledo, OH 43604
Toledo metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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