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Property profile & analytics
FOR LEASE
Manufacturing properties

4042 Bennett Rd Toledo, OH 43612

404,599 SF 13.97 ac lot Built 1927
Entity Owned 2-yr Hold Free & Clear
Property ID
US66-1553147
Property summary
AI-generated overview

This exceptional manufacturing facility, the Toledo 422 Building, offers a prime opportunity for businesses seeking substantial space in a strategic location. Located at 4042 Bennett Rd, Toledo, OH 43612, this 404,599 square foot building boasts a rich history, having been constructed in 1927 and extensively renovated in 2023. The property is zoned M-2 and situated in Lucas County, offering easy access to major transportation routes. Less than half a mile from I-75 exit, it enjoys proximity to the Chrysler Jeep plant, placing it in the heart of North Toledo's thriving industrial sector. The entire property is securely fenced. The building offers flexible lease options, with the owner willing to subdivide spaces ranging from 30,000 square feet to 100,000 square feet to accommodate various business needs. The facility features robust infrastructure, including 480 Volt, 200 AMP, 3-phase power (with upgrade potential), a dry sprinkler system for safety, and generous bay sizes of 50' x 20'. Ceiling heights range from 13' to 20', and the property includes two 5-ton bridge cranes, enhancing operational efficiency. December occupancy is available. This is an unparalleled opportunity to secure a well-maintained, strategically located industrial space in a dynamic market.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1927
Total area 404,599 SF
Lot 13.97 ac (608,533 SF)
Zoning code 10-IG
APN 18-18207
UPID US66-1553147
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
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$690k
Owner & transaction history
I B C INC · 2 yrs held
I B C INC
since 2023
Last sale
$615,000
4 recorded transactions
2025
Price N/A
2024
Price N/A
2023
Price N/A
2023
$615,000
Zoning & alternative use
10-IG · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Microsoft Word - TMZC 2024-04-24
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