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1511 Madison Ave - Imagine Madison Avenue School of the Arts 54,592 SF Specialty Building Offered at $12,330,000 in Toledo, OH 43604
INVESTMENT HIGHLIGHTS
- Institutional-quality operator – Managed by Imagine Schools with strong financial backing from Schoolhouse Finance Inc.
- High barrier to entry for other traditional and charter public schools - There are scarce options near the campus for other schools
- Award-winning international recognition - the only Ohio school recognized in 2024 as a National School of Character
- Favorable NNN lease terms - absolute NNN lease, 3% annual increases, and numerous tenant reporting requirements
EXECUTIVE SUMMARY
Colliers is pleased to exclusively offer for sale to qualified investors Imagine Madison Avenue School of the Arts, a well-established, charter school located in Toledo, Ohio that is subject to a long-term, absolute NNN lease structure. The K-8 campus operates as Imagine Schools and consists of ±54,592 square feet located on ±3.49 acres. The school had an enrollment of 404 as of Fall 2025.
The lease is with Schoolhouse Finance, one of the nation’s most prominent operators, offering an investor with an institutional-quality investment of reliable cash flow. Schoolhouse Finance and the Imagine Schools charter management organization provide the necessary checks and balances to maintain appropriate oversight, secure the cash flow, and assure optimal performance throughout the investment.
Imagine Madison Avenue School of the Arts has a long operational history, having been open for 17 years. There are more than seven years remaining on the lease term with one, 10-year renewal option. The campus is strategically located in the downtown core, just blocks from the Toledo Museum of Art, the Toledo-Lucas County Public Library, and Fifth Third Field, while major roadways like I-75 and I-475 enhance regional connectivity.
The lease is with Schoolhouse Finance, one of the nation’s most prominent operators, offering an investor with an institutional-quality investment of reliable cash flow. Schoolhouse Finance and the Imagine Schools charter management organization provide the necessary checks and balances to maintain appropriate oversight, secure the cash flow, and assure optimal performance throughout the investment.
Imagine Madison Avenue School of the Arts has a long operational history, having been open for 17 years. There are more than seven years remaining on the lease term with one, 10-year renewal option. The campus is strategically located in the downtown core, just blocks from the Toledo Museum of Art, the Toledo-Lucas County Public Library, and Fifth Third Field, while major roadways like I-75 and I-475 enhance regional connectivity.
PROPERTY FACTS
| Price | $12,330,000 | Lot Size | 3.49 AC |
| Price Per SF | $225.86 | Building Size | 54,592 SF |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Specialty | Year Built/Renovated | 1912/2008 |
| Property Subtype | School | Parking Ratio | 3.74/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | 10-CR - Regional Commercial District | ||
| Price | $12,330,000 |
| Price Per SF | $225.86 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 3.49 AC |
| Building Size | 54,592 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1912/2008 |
| Parking Ratio | 3.74/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 10-CR - Regional Commercial District |
AMENITIES
- Air Conditioning
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $847,105 | |
| Land Assessment | $81,795 | Total Assessment | $928,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$81,795
Improvements Assessment
$847,105
Total Assessment
$928,900
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1511 Madison Ave - Imagine Madison Avenue School of the Arts
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