Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $8,720,000
    Community centers

    821 Alexis Rd, Toledo, OH 43612-4393

    90,507 SF 9.88 ac lot Built 1990
    Individually Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US66-1904158
    Property summary
    AI-generated overview

    North Towne Commons, located at 821 W. Alexis Rd, Toledo, OH 43612, presents a rare leasing opportunity within a thriving super regional shopping center. This 90,507 square foot property, situated in Lucas County, offers multiple tenancy options ranging from 13,000 to 30,925 square feet. The center boasts a strong anchor tenant lineup including Kroger, a remodeled Target (2021), and Office Max, ensuring high foot traffic and visibility. Numerous national in-line tenants such as Aaron's, Shoe Show Mega Store, and Penn Station further enhance the center's appeal and draw a diverse customer base. The property is professionally maintained and benefits from a primary access point with a traffic signal, maximizing convenience and exposure. North Towne Commons is part of a larger 400,000 square foot retail development at the southeast corner of Alexis Rd. and Lewis Ave., strategically positioned to serve residents of North and West Toledo, as well as Southeastern Michigan. The area's robust economy is supported by significant employers, including major players like GM Powertrain Toledo Transmission Operations and Chrysler Toledo Assembly Plant, providing a substantial and stable consumer base for the retail center. This prime location offers exceptional potential for businesses seeking high visibility and a strong customer base in a well-established retail environment.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1990
    Total area 90,507 SF
    Lot 9.88 ac (430,449 SF)
    Zoning code 10-CRSO
    APN 22-88541
    UPID US66-1904158
    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
    • Ocean Garden Buffet Restaurant
    • New Star Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
    • Aaron's Rent To Own Furniture & Home Goods Home Decor Store
    • Penn Station East Coast Subs Take-out & Catering
    • Vape Super Center (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $10.60M
    Comparable Approach Comparable
    $9.57M
    Blend (final) Blend
    $8.72M
    Owner & transaction history
    Pdq Israel Family Northtowne · 13 yrs held
    Pdq Israel Family Northtowne
    since 2012
    3 recorded transactions
    2012
    $8,665
    2007
    2006
    $6.9M
    Zoning & alternative use
    10-CRSO · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $14.3M +123.8%
    Medical building $6.7M +5.0%
    Auto repair, garage $6.6M +3.2%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 821 Alexis Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message