- For Sale $1,467,735
- Property Type Office - Medical Office
- Property Size 10,840 SF
- Building Class C
- Year Built 1973
- Date Updated May 31, 2026
Description
Located along the western edge of Lake Erie, Toledo serves as the economic and cultural
hub of Northwest Ohio, offering a diverse and resilient regional economy supported by
healthcare, manufacturing, logistics, education, and technology industries. The city
benefits from its strategic position along Interstate 75 and the Ohio Turnpike, providing
direct connectivity to major Midwestern markets including Detroit, Cleveland, Chicago, and
Indianapolis. Toledo’s central location, strong transportation infrastructure, and access to
an educated workforce continue to attract investment and support long-term economic
growth throughout the region.
The Toledo market is anchored by several major employers and institutions, including The
University of Toledo, ProMedica, and Mercy Health, which contribute to stable employment
and sustained population demand across the metropolitan area. In recent years, Toledo
has experienced continued public and private investment in downtown redevelopment,
waterfront revitalization, and infrastructure improvements, helping drive renewed interest
in both commercial and mixed-use development. The city’s affordability, business-friendly
environment, and expanding healthcare and logistics sectors continue to support a
favorable climate for commercial real estate investment.
Northwest Ohio’s accessibility and economic diversity make Toledo an attractive location
for both regional and national tenants seeking efficient market access and long-term
operational stability. The area’s strong industrial foundation, combined with continued
investment in healthcare, education, and innovation initiatives, positions Toledo for
sustained economic momentum moving forward. Supported by a broad consumer base,
established infrastructure, and strategic regional connectivity, Toledo remains a
compelling Midwestern market for commercial real estate ownership and investment
activity..
Highlights
- 10,840-square-foot facility is strategically positioned along Byrne Road within a densely populated Toledo corridor surrounded by residential neighborhoods, healthcare providers, and retail amenities.
- Attractive 10.00% cap rate offering investors strong in-place cash flow backed by an established community-oriented tenant with essential-service operations.
- Lease structure includes approximately 1.5% annual rent increases, providing consistent income growth throughout the remaining lease term and option periods.
- Long-term net leased investment occupied by New Concepts (Philio, Inc), a well established nonprofit organization serving the Toledo market through behavioral health, housing, and community support services.
- Surrounding market is supported by major regional employers and institutions including The University of Toledo, ProMedica, and Mercy Health, helping drive sustained economic activity and population demand.
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Contacts
Kaleb Rupp
Encore Real Estate Investment Services
Location
Located at 111 S Byrne Rd, Toledo, OH 43615, this property is part of the Scott Park neighborhood and Toledo market.
Contact Listing Broker
Kaleb Rupp
Encore Real Estate Investment Services