Property summary
Riverside Mobile Home Estates is a 7.64-acre site at 18 City Park Avenue in Toledo, Ohio, approximately one mile southwest of downtown Toledo, within a 15-mile radius of a population exceeding 540,000. The property was historically operated as a mobile home park containing an estimated 85 pads (with an Ohio state license reflecting 90 pads) and with pad dimensions estimated at roughly 60 by 20 feet. The site is served by city water and sewer and is zoned limited industrial; historically, mobile… home park use was supported through a variance. The City condemned the park as unfit for habitation on May 23, 2025 and later discontinued water service on September 23, 2025 to facilitate tenant departure. Cleanup activities have been authorized by the City to address vacant trailers and debris/refuse, with costs allocated as a lien against the property; existing encumbrances reported include water-utility liens exceeding $200,000 (unpaid for more than five years) and approximately $50,000 in unpaid property taxes, and municipal requirements restrict title transfer until the public nuisance designation is addressed through the City’s consent-to-transfer process. The City has indicated that continued mobile home park operation would require full replacement of the water, sewer, and electrical systems, subject to City review and approvals. The location near downtown and existing utility connections may support future residential- or affordable-housing-oriented redevelopment once site and compliance issues are resolved.
Ownership intelligence
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Mortgages
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Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
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Comparables
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