Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
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(Bike/Boat/Book/etc) Store Cosmetic Store
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Furniture & Home Goods Home Decor Store
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Take-out & Catering
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(Bike/Boat/Book/etc) Store Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
10-CRSO · Toledo, OHZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 10-CRSO in Toledo, OH.
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