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5033 Monroe St 22,009 SF 100% Leased Retail Building Toledo, OH 43623 $2,750,000 ($124.95/SF)
Investment Highlights
- Building features a mezzanine, currently used for storage
- VPD's Talmadge - 16,517( 2 5 ), Monroe S t -27,438( 25 ), W Sylvania Ave - 1 8,910 ( 25 ), I-475 - 78,027 ( 25 )
- Ample parking with 115 paved parking spots
Executive Summary
22,009 SF fully leased retail building for sale, adjacent to the Franklin Park Mall, which is anchored by Dillard's, JCPenney, and Dick's Sporting Goods, drawing more than 7 million visitors annually. Ideally located along the highly trafficked Monroe Street retail corridor, with two curb cuts along Talmadge Rd and access via recorded easement to a curb cut on Monroe St. Situated less than one-half mile north of the I-475 interchange, providing convenient access to regional traffic. The mixed zoning parcel including Regional Commercial and Limited Industrial permits numerous uses.
Currently leased to Petco, a national credit tenant, through April 30, 2027, prospective buyer can negotiate renewal with Petco.
Tenant net expense available upon request
Excellent visibility with pylon and fascia signage, and combined 250 ft of frontage along Talmadge Rd and Monroe St
Rear loading dock providing efficient deliveries and operational functionality.
Currently leased to Petco, a national credit tenant, through April 30, 2027, prospective buyer can negotiate renewal with Petco.
Tenant net expense available upon request
Excellent visibility with pylon and fascia signage, and combined 250 ft of frontage along Talmadge Rd and Monroe St
Rear loading dock providing efficient deliveries and operational functionality.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
22,009 SF
Building Class
C
Year Built
1987
Price
$2,750,000
Price Per SF
$124.95
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.20
Lot Size
2.51 AC
Zoning
10-MX, CR, and IL - Mixed Zoning, Regional Commercial & Limited Industrial
Parking
155 Spaces (7.04 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-27153 | Improvements Assessment | $630,700 |
| Land Assessment | $175,000 | Total Assessment | $805,700 |
Property Taxes
Parcel Number
23-27153
Land Assessment
$175,000
Improvements Assessment
$630,700
Total Assessment
$805,700
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5033 Monroe St
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