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    FOR LEASE
    Strip malls

    5235 N Summit St, Toledo, OH 43611

    20,454 SF 2.02 ac lot Built 1950
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US66-0080991
    Property summary
    AI-generated overview

    This Toledo, Ohio retail property at 5235 N Summit St offers 23,661 square feet of space, with 14,023 square feet currently vacant. The property is a multi-tenant storefront building situated on a 1.15-acre lot and includes 51 parking spaces. Divisible units range from a minimum of 1,080 square feet to a maximum contiguous space of 8,558 square feet, providing flexibility for various retail businesses. The building features large storefront windows, allowing for abundant natural light and high visibility from the street. Its contemporary design and well-maintained exterior create a professional and inviting atmosphere. The property's strategic location in Toledo, Ohio, zip code 43611, ensures high traffic volume and excellent exposure for tenants. This adaptable space is ideal for businesses seeking a prominent location with ample parking and a versatile layout to suit their specific needs. The property is ready for immediate occupancy, presenting a unique opportunity for growth and success in a thriving commercial district.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1950
    Total area 20,454 SF
    Lot 2.02 ac (87,991 SF)
    Zoning code 10-CR
    APN 18-56461
    UPID US66-0080991
    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
    Current use
    Occupant on record · Public records
    • Pizza Hut Take-out & Catering
    • Dollar General Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $565k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $623k
    Blend (final) Blend
    $780k
    Owner & transaction history
    Dolgen Midwest LLC · 3 yrs held
    Dolgen Midwest LLC
    since 2023
    3 recorded transactions
    2023
    2005
    $650,000
    1969
    Zoning & alternative use
    10-CR · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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