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Turnkey Retail on Major Thoroughfare 1131 W Alexis Rd Vacant Retail Building Online Auction Sale Toledo, OH 43612
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Benefit from this ready-to-use, single-tenant retail building located on a prominent shopping street in the suburbs of Toledo.
- Situated in a retail hub directly across the street from Lowe’s and close to Taco Bell, Burger King, and Dairy Queen, drawing in significant traffic.
- Toledo is a well-established city where most homes are owner-occupied, and consumer spending within a 5-mile radius exceeds $2 billion.
- Perched with prominent frontage on W Alexis Road, a major thoroughfare for the area, seeing over 37,700 vehicles per day.
- Zoned CR, this property offers flexible zoning that provides investors, owners, and developers with the opportunity to adapt or redevelop.
- Starting bid $1 | Absolute auction.
EXECUTIVE SUMMARY
Look no further than 1131 W Alexis Road for Toledo’s next attractive turnkey opportunity.
This standalone, single-tenant retail property offers versatile space suited for a range of investment strategies, including redevelopment or owner use. The durable one-story brick construction requires minimal maintenance. With 4,750 square feet on a 0.38-acre lot, the building optimizes land usage while providing ample on-site parking. Key features include a branded awning, prominent roadway signage, and 93 feet of frontage on W Alexis Road, ensuring exceptional visibility in a bustling retail corridor. Convenient curb-cut access provides added ease for clients and visitors. The interior features an open layout complemented by two private offices, allowing investors flexibility to adapt or reconfigure the space as needed. Broad CR (Commercial Restricted) zoning provides significant upside, accommodating a wide array of uses such as professional offices for medical practices, legal firms, accounting services, and small retail businesses. 1131 W Alexis Road is positioned as a compelling asset with long-term growth potential.
This property on W Alexis Road is strategically located within Toledo’s suburban area, approximately 6 miles north of the downtown district. The surrounding neighborhood consists of attractive residential developments, while proximity to Highway 24 facilitates convenient access throughout the city. The site places shoppers at the heart of a prominent retail corridor featuring both national chains such as The Home Depot, 7 Brew Coffee, Kroger, Target, Arby’s, Dollar Tree, and Office Max, contributing to substantial daily vehicle traffic. Additionally, its location near the Ohio-Michigan border provides accessibility to both states' markets. The property is also within close driving distance of Bedford Hills Golf Club and Tamaron Country Club.
Toledo presents appealing opportunities for investors, thanks to its robust and varied economy supported by manufacturing, healthcare, and education sectors. Its convenient proximity to several major North American cities enhances its value for logistics operations. Furthermore, ongoing revitalization efforts in Downtown Toledo are beginning to benefit the surrounding suburbs as well.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This standalone, single-tenant retail property offers versatile space suited for a range of investment strategies, including redevelopment or owner use. The durable one-story brick construction requires minimal maintenance. With 4,750 square feet on a 0.38-acre lot, the building optimizes land usage while providing ample on-site parking. Key features include a branded awning, prominent roadway signage, and 93 feet of frontage on W Alexis Road, ensuring exceptional visibility in a bustling retail corridor. Convenient curb-cut access provides added ease for clients and visitors. The interior features an open layout complemented by two private offices, allowing investors flexibility to adapt or reconfigure the space as needed. Broad CR (Commercial Restricted) zoning provides significant upside, accommodating a wide array of uses such as professional offices for medical practices, legal firms, accounting services, and small retail businesses. 1131 W Alexis Road is positioned as a compelling asset with long-term growth potential.
This property on W Alexis Road is strategically located within Toledo’s suburban area, approximately 6 miles north of the downtown district. The surrounding neighborhood consists of attractive residential developments, while proximity to Highway 24 facilitates convenient access throughout the city. The site places shoppers at the heart of a prominent retail corridor featuring both national chains such as The Home Depot, 7 Brew Coffee, Kroger, Target, Arby’s, Dollar Tree, and Office Max, contributing to substantial daily vehicle traffic. Additionally, its location near the Ohio-Michigan border provides accessibility to both states' markets. The property is also within close driving distance of Bedford Hills Golf Club and Tamaron Country Club.
Toledo presents appealing opportunities for investors, thanks to its robust and varied economy supported by manufacturing, healthcare, and education sectors. Its convenient proximity to several major North American cities enhances its value for logistics operations. Furthermore, ongoing revitalization efforts in Downtown Toledo are beginning to benefit the surrounding suburbs as well.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
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MATTERPORT 3D TOUR
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STREET VIEW
STREET
MAP
DATA ROOM Click Here to Access
- Operating and Financial Statements
- Purchase Agreement
- Survey
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Class
C
Year Built
1971
Tenancy
Single
Building Height
1 Story
Lot Size
0.38 AC
Parcel Number
23-04151
Zoning
CR - Regional Commercial
Parking
20 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
ABOUT NORTH TOLEDO
The North Towne neighborhood of Toledo is located about five miles north of downtown. The area straddles U.S. Route 24, offering easy access to interstates 75, 280, and 475. Pockets of high density and affluence in adjacent communities support a solid level of buying power here.
Retail space is concentrated along West Alexis Road, particularly at the intersections of Lewis Avenue and Telegraph Road. The neighborhood’s largest shopping center is North Towne Commons, located on the south side of West Alexis Road. This 300,000-SF power center is anchored by Target, Kroger, and T.J. Maxx. Alexis Park is another major center, with nearly 260,000 SF of space anchored by Ollie’s Bargain Outlet and Stormin Norman’s Trading Post.
Residents of North Towne enjoy short commutes to many of Toledo’s major employment nodes, including downtown Toledo. In addition, North Towne is just five miles from one of the city’s largest employers, DaimlerChrysler’s Toledo North Assembly Plant. The 2-million-square-foot plant builds the Jeep Liberty and employs nearly 7,000 workers.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
8,543
76,464
187,409
2020 Population
8,745
78,413
187,805
2029 Population
8,445
75,691
186,250
2024-2029 Projected Population Growth
-1.2%
-1.0%
-0.6%
Daytime Employees
4,842
30,833
107,081
Total Businesses
324
2,349
10,529
Average Household Income
$57,431
$66,687
$66,358
Median Household Income
$42,897
$53,671
$49,936
Total Consumer Spending
$90.4M
$834M
$2B
Median Age
39.2
38.0
38.4
2024 Households
3,868
32,338
79,301
Percent College Degree or Above
6%
11%
13%
Average Home Value
$114,186
$143,862
$161,327
NEARBY MAJOR RETAILERS
Fifth Third Bank
SALE ADVISORS
SALE ADVISORS
Kevin Carr, Commercial Sales and Leasing Agent
Kevin Carr has deep roots in the Toledo area, growing up here and then attending St Francis de Sales High School. He has maintained a vast professional network since coming back to Toledo after college. Prior to starting a career in Commercial Real Estate, Kevin was a Part-Owner/VP of Sales for a Facility Cleaning/Packaging Supply company in Toledo, OH. After 8 successful years, they decided to sell the company, which has allowed Kevin to pursue his passion for commercial real estate. In his previous role, he successfully invested in various real estate deals. He is very excited to be taking his professional sales and investment real estate experience to help clients sell, buy, and lease commercial properties. In his downtime, you’ll find Kevin spending time with his family, golfing, playing squash, or exploring our country’s various National Parks.
Jason Westendorf, Director of Brokerage Services
Jason Westendorf is the Director of Brokerage Operations at the NAI Harmon Group bringing 18 years of experience within the Northwest Ohio market. Jason began his career with a regional developer of commercial shopping centers focused on land assemblage for The Kroger Company, Rite Aid, Tractor Supply, and other retailers. Jason spent the past 15 years focused on commercial acquisitions, leasing, and disposition of office properties. He has provided consulting services to National firms while focusing on suburban and CBD landlord and tenant representation.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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POWER BROKER Kevin Carr -
POWER BROKER Jason Westendorf -
NAI Harmon Group
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Turnkey Retail on Major Thoroughfare | 1131 W Alexis Rd
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