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Miracle Mile Shopping Plaza 4925 Jackman Rd

298,765 SF Retail Building Toledo, OH 43613 For Sale

Investment Highlights

  • MARKET LEADING GROCERY ANCHOR
  • SUBSTANTIAL VALUE-ADD OPPORTUNITY
  • DENSE AND STABLE DEMOGRAPHICS
  • STRONG HISTORICAL OCCUPANCY
  • DOMINANT RETAIL MARKET
  • HIGHER EDUCATION AND ECONOMIC DESTINATION

Executive Summary

Mid-America Real Estate Corporation, (in cooperation with Anchor Associates, LLC a licensed Ohio broker), has been retained by the owner to sell the 100% fee simple interest in Miracle Mile Shopping Plaza, a grocery-anchored shopping center surrounded by the dense residential neighborhoods in northwest Toledo. The center provides an investor the opportunity to acquire an excellent performing Kroger ($74 million in sales) that exercised its 5-year option in January 2024. The asset also offers substantial upside potential.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
298,765 SF
Building Class
B
Year Built
1995
NOI
£956,186
Tenancy
Single
Number of Floors
1
Loading Docks
3 Exterior
Building FAR
0.21
Land Acres
32.90 AC
Zoning
C-21
Parking
1,479 Spaces (4.95 Spaces per 1,000 SF Leased)
Frontage
516 ft on Laskey Rd

Amenities

  • Bus Route
  • Pylon Sign
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 31
  • 3,000 SF
  • Retail
  • In-Line
  • Now

Available storefront for lease, commercial real estate surrounded by a dense population of 100,000+ residents within 3 miles.

Space Size Space Use Position Available
31 3,000 SF Retail In-Line Now

31

Size
3,000 SF
Space Use
Retail
Position
In-Line
Available
Now

31

Size 3,000 SF
Space Use Retail
Position In-Line
Available Now

Available storefront for lease, commercial real estate surrounded by a dense population of 100,000+ residents within 3 miles.

Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Crunch
Rent-A-Center
Kroger
Starbucks
Fifth Third Bank
Tim Hortons
PNC Bank
Stop & Shop
The YMCA
Huntington National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-03197
Land Assessment
£226,194
Improvements Assessment
£753,282
Total Assessment
£979,476
  • Listing ID: 32933539

  • Date on Market: 23/08/2024

  • Last Updated:

  • Address: 4925 Jackman Rd, Toledo, OH 43613

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