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Property profile & analytics
FOR LEASE
Strip malls

580 Craig Dr Perrysburg, OH 43551

25,550 SF 2.47 ac lot Built 1998
Entity Owned 21-yr Hold Free & Clear
Property ID
US66-6084707
580 Craig Dr, Perrysburg, OH 43551 For Lease
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580 Craig Dr, Perrysburg, OH 43551
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Property summary
AI-generated overview

Perry's Junction, a single-story retail and restaurant center in Perrysburg, Ohio, offers exceptional visibility and accessibility. This 25,844 square foot property boasts 11 suites, with 1,350 square feet currently vacant, offering immediate occupancy opportunities for businesses seeking prime retail space. The available space ranges from approximately 1,350 to 1,600 square feet, ideal for a variety of retail or restaurant concepts. Located in a high-growth area of Perrysburg, a rapidly expanding retail corridor in the Toledo area, the center benefits from its strategic position between a significant population base and the I-475 interchange on State Route 25. Its outlot location adjacent to Costco ensures high traffic volume and regional draw, further enhanced by its proximity to Levis Commons and Riverplace Center. The property features a signalized access point, ensuring easy ingress and egress, and provides excellent visibility and signage opportunities for tenants. Ample parking is available with 154 spaces to accommodate customers and employees. This prime location within Wood County, in the Toledo, Lucas County, Wood County submarket cluster, presents a unique opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. The property's strategic location and amenities make it an ideal investment for businesses looking to establish or expand their presence in a dynamic and growing market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 25,550 SF
Lot 2.47 ac (107,593 SF)
APN Q61-400-0704-04-028.000
UPID US66-6084707
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
  • The Exercise Coach - Perrysburg Gym & Fitness Center
  • Bai Du Chinese restaurant Restaurant
  • baiduperrysburg Restaurant
  • Shoppes At Perry's Junction Business Service Center Corporate Office
  • Kumon Math and Reading Center of Perrysburg Tutoring Service Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.84M
Owner & transaction history
Shoppes At Perry Junction LLC · 21 yrs held
Shoppes At Perry Junction LLC
since 2004
7 recorded transactions
2016
Price N/A
2011
Price N/A
2004
Price N/A
2004
$1.0M
2004
$1.6M
2004
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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