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Occupied Retail & New Multifamily Opportunity 5825 Jackman Rd 15,000 SF 50% Leased Retail Building Online Auction Sale Toledo, OH 43613
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Renovated retail center in North Toledo, with stable in-place income from a diverse tenant mix and strong value-add potential.
- Prime location with pylon signage visible to over 40,000 vehicles daily, with 46 on-site parking spaces for customers, employees, and residents.
- Strong multifamily submarket, with 3.7% five-year average rent growth, 176,000 residents, and $1.9 billion in 2024 consumer spending within 5 miles.
- Includes four fully leased ground-floor retail suites and an unfinished second floor ideal for multifamily conversion.
- Surrounded by traffic-driving retailers and amenities, and across from GM’s Toledo Plant, delivering a large customer base of over 1,500 employees.
EXECUTIVE SUMMARY
Realize the full potential of 5825 Jackman Road, offering a recently renovated strip center positioned at the heart of one of North Toledo’s busiest commercial hubs. Currently, the building’s retail suites are fully occupied by a diverse tenant mix, including a laundromat, a live poker venue, and a restaurant, ensuring reliable in-place income from day one. Additionally, the building includes an unfinished second floor ideal for converting into multifamily apartments, opening the door for significant value creation and long-term appreciation.
5825 Jackman Road comprises a total of 15,000 square feet, with four ground-floor retail storefronts and 7,500 square feet of potential apartments. The recently renovated building boasts a new roof, an HVAC event unit, a new electrical event unit, a new plumbing event unit, and new exterior paint, minimizing near-term maintenance costs and enhancing curb appeal. Situated just off the signalized intersection of Jackman and Alexis Road, the site includes pylon signage visible to over 40,000 daily vehicles and is well equipped to handle the elevated traffic counts with 46 on-site parking spaces.
5825 Jackman Road’s prime location is a magnet for customers and future residents alike. Easily accessible from major highways and Interstate 75, the surrounding area offers an amenity-rich commercial hub. The property is encircled by household-name brands such as Kroger, Target, Lowe’s, Ollie’s Bargain Outlet, Dairy Queen, Burger King, McDonald’s, and Arby’s, reachable within just five minutes. The region is also an existing industrial hub with several major employers nearby. Directly across Alexis Road, General Motors’ Toledo Plant delivers a massive built-in audience of customers and potential residents, with over 1,500 employees working at the site. Other major draws of the area include the massive Super Fitness Center, as well as the Bedford Hills and Maple Grove Golf Courses.
North Toledo offers a compelling environment for new multifamily inventory, with no competing developments currently under construction and asking rents in the area growing an average of 3.7% annually over the past five years. Within a 5-mile radius of 5825 Jackman Road, more than 40% of the growing population of over 176,000 currently rents their homes. The average household income for the region exceeds $70,000, and these locals drove collective consumer spending of more than $1.9 billion during 2024.
Don’t miss this opportunity to secure a foothold in one of Toledo’s most desirable growth corridors, offering immediate cash flow and outstanding value-add potential at 5825 Jackman Road.
Property tours are by appointment only. Please contact the listing broker to schedule.
5825 Jackman Road comprises a total of 15,000 square feet, with four ground-floor retail storefronts and 7,500 square feet of potential apartments. The recently renovated building boasts a new roof, an HVAC event unit, a new electrical event unit, a new plumbing event unit, and new exterior paint, minimizing near-term maintenance costs and enhancing curb appeal. Situated just off the signalized intersection of Jackman and Alexis Road, the site includes pylon signage visible to over 40,000 daily vehicles and is well equipped to handle the elevated traffic counts with 46 on-site parking spaces.
5825 Jackman Road’s prime location is a magnet for customers and future residents alike. Easily accessible from major highways and Interstate 75, the surrounding area offers an amenity-rich commercial hub. The property is encircled by household-name brands such as Kroger, Target, Lowe’s, Ollie’s Bargain Outlet, Dairy Queen, Burger King, McDonald’s, and Arby’s, reachable within just five minutes. The region is also an existing industrial hub with several major employers nearby. Directly across Alexis Road, General Motors’ Toledo Plant delivers a massive built-in audience of customers and potential residents, with over 1,500 employees working at the site. Other major draws of the area include the massive Super Fitness Center, as well as the Bedford Hills and Maple Grove Golf Courses.
North Toledo offers a compelling environment for new multifamily inventory, with no competing developments currently under construction and asking rents in the area growing an average of 3.7% annually over the past five years. Within a 5-mile radius of 5825 Jackman Road, more than 40% of the growing population of over 176,000 currently rents their homes. The average household income for the region exceeds $70,000, and these locals drove collective consumer spending of more than $1.9 billion during 2024.
Don’t miss this opportunity to secure a foothold in one of Toledo’s most desirable growth corridors, offering immediate cash flow and outstanding value-add potential at 5825 Jackman Road.
Property tours are by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
Second Floor Matterport Tour
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
- Leases
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 Size
15,000 SF
Building Class
C
Year Built
1955
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.39
Lot Size
0.89 AC
Parcel Numbers
Zoning
IO-CR
Parking
46 Spaces (3.07 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
ABOUT WEST/SYLVANIA
Northwest Toledo sits between Interstate 475 and the Ohio/Michigan border. This densely populated, primarily residential area offers residents ample community amenities including several small parks. Westwood Park and Foxglove Meadow Park are located in Franklin Park, while one of Toledo’s largest parks, the 500-acre Wildwood Preserve, is located on the area’s western edge.
Northwest Toledo offers residents an easy commute to multiple employment nodes, including downtown Toledo, just a 15-minute drive away. In addition, the area is just minutes away from one of Toledo’s largest employers, the GM Powertrain Toledo Transmission Operations, with about 1,700 hourly workers.
The area is densely populated, which supports a high level of buying power and substantial level of retail space. Space is concentrated along Monroe Street, particularly around its intersection with Talmadge Road. The largest shopping center in the area, the 1.2 million-square foot Franklin Park Mall, is located in the southeastern corner of the intersection, while the 310,000-square-foot Shops at Franklin Place is located just northwest of the mall on Monroe. Another large concentration of retail space is located just south of Interstate 475, around the intersection of Secor Road and Central Avenue, and includes the 164,000-square-foot Village on Secor; the Home Depot-anchored Westgate Shopping Towne Center; and the Costco-anchored Westgate Village Shopping Center.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
10,037
83,715
176,748
2020 Population
9,090
88,146
178,345
2029 Population
10,136
82,406
175,465
2024-2029 Projected Population Growth
1.0%
-1.6%
-0.7%
Daytime Employees
4,181
26,709
94,399
Total Businesses
241
2,954
10,013
Average Household Income
$67,794
$69,248
$70,054
Median Household Income
$54,629
$56,625
$53,152
Total Consumer Spending
$112.3M
$943.6M
$2B
Median Age
37.0
38.5
38.3
2024 Households
4,528
35,801
74,695
Percent College Degree or Above
7%
13%
14%
Average Home Value
$144,835
$152,144
$170,769
NEARBY MAJOR RETAILERS
Fifth Third Bank
SALE ADVISOR
SALE ADVISOR
Steven Valentini, Real Estate Agent
As a RE/MAX® agent, Steven Valentini is dedicated to helping clients find the home of their dreams. Whether clients are buying or selling a home or just curious about the local market, they would love to offer their support and services. They know the local community — both as an agent and a neighbor — and can help guide clients through the nuances of their local market. With access to top listings, a worldwide network, exceptional marketing strategies and cutting-edge technology, Steven works hard to make client's real estate experience memorable and enjoyable.
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
Kevin Loudy
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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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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Occupied Retail & New Multifamily Opportunity | 5825 Jackman Rd
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Occupied Retail & New Multifamily Opportunity | 5825 Jackman Rd
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