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245 N Summit St
Toledo, OH 43604 Downtown Toledo

$14,500,000 USD

Apartments For Sale  •  255,456 SF

Property Details

• Property Type Apartments
• Total Building Size 255,456 SF
• Lot Size 0.17 AC
• Building Class B
• Year Built 1912
• Zoning 10-CD

0 Transit Score

77 Walk Score

Highlights

21-story downtown Toledo high-rise with 113 units and expansion potential to 129 units

Diverse mix of studio, one-, two-, and three-bedroom units averaging ~729 SF

All existing units fully renovated in 2023, limiting near-term capital needs

Approximately 88% occupied with ground-floor commercial income from ProMedica Federal Credit Union

Four unbuilt floors (2–5) allow for up to 16 new units or alternative commercial conversion

Walkable riverfront location near Promenade Park and Toledo’s downtown core

Amenities

• Air Conditioning
• Dishwasher
• Disposal
• Heating
• Kitchen
• Refrigerator
• Oven

Public Transportation

Commuter Rail	Drive	Walk	Distance
	3 min	-	1.3 mi
Airport	Drive	Walk	Distance
Eugene F Kranz Toledo Express	33 min	-	19.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes