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Louisville Building 626 Madison Ave 57,465 SF 100% Leased Office Building Toledo, OH 43604 $989,000 ($17.21/SF)
Investment Highlights
- Property offered for sale for the first time with redevelopment potential in a prime downtown location.
- Features panoramic city views complemented by windows that open for natural ventilation.
- Strategic location near federal buildings, courthouse, and civic attractions within the central district.
- Includes 18 dedicated parking spaces, a unique asset for the area.
- Systems upgrades include modernized elevators, updated chillers, and renovated components.
- Excellent roadway visibility at a high-traffic intersection with connectivity to Interstate 75.
Executive Summary
The building features a private 18-space surface parking lot, an uncommon and highly valuable attribute in a dense urban environment. Recently renovated systems and updates, including modernized traction elevators and updated chillers, enhance operational reliability. Boasting panoramic downtown views from its eight floors, the structure provides diverse reconfiguration or adaptive reuse possibilities, from office tenants to mixed-use conversions.
Positioned in a heavily trafficked corridor with an estimated 13,577 VPD, this property benefits from strong visibility and excellent connectivity via major roadways, including direct access to Interstate 75 and regional transportation routes. Investors and developers can capitalize on Toledo's evolving downtown revitalization momentum and the flexible footprint of this asset.
Property Facts
Amenities
- Banking
- Bus Line
- Security System
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Insurance agency in Toledo, Ohio with 2 agents.
- Document Express
- Administrative and Support Services
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- Professional, Scientific, and Technical Services
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Louisville Title is Ohio and Michigan’s trusted title agency. For over 70 years, they've provided first-class title and escrow services covering both residential and commercial properties to property buyers, lenders, realtors, and attorneys. They are staffed by qualified, licensed, and experienced title and real estate professionals, including their title agents, escrow officers, attorneys, and transaction managers. They have the most comprehensive title plant in Northwest Ohio, with millions of references housed at their location. Equally important, they're always on the look for new, innovative ways to streamline their clients’ transaction processes.
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- Professional, Scientific, and Technical Services
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Located in downtown Toledo, Ohio, occupying the fourth floor of the Louisville Title Building, Munger Company, a Legal Professional Association, is a high volume civil litigation firm devoting its primary practice to timely, competitively priced, quality defense work on behalf of the insurance industry and its insureds. The firm also serves individual and corporate litigants’ needs. The lawyers in the practice have extensive, proven successful experience with wrongful death, personal injury, property damage, product liability, insurance coverage, trucking, fire, bad faith, fraud, subrogation and related civil litigation. The firm has also had significant success with occasional non-conflict plaintiff personal injury and plaintiff property damage litigation. The firm’s experienced trial attorneys practice in all Ohio and Michigan Courts, as well as the United States District Courts and the United States Court of Appeals for the Sixth Circuit.
- San Luis Obispo Country Club, Inc
- Services
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- Professional, Scientific, and Technical Services
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Michael Antonini in Toledo, OH is an experienced litigator who concentrates on personal injury, automobile accident, and nursing home neglect & abuse cases.
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- Professional, Scientific, and Technical Services
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At Williams DeClark Tuschman Co. L.P.A., our Toledo personal injury lawyers are passionate about protecting clients’ rights by pursuing the compensation they deserve. We take personal injury and medical malpractice cases very seriously, understanding that when we represent clients, the outcome of their claim has a significant impact on their futures. Our injury attorneys are experienced, dedicated and have proven their abilities to help clients obtain just compensation so they can move forward.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Affordable Auto Insurance | Finance and Insurance | - | - | - | ||
| Document Express | Administrative and Support Services | - | - | - | ||
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| San Luis Obispo Country Club, Inc | Services | - | - | - | ||
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Professional, Scientific, and Technical Services | - | - | - |
Property Taxes
| Parcel Number | 12-16681 | Improvements Assessment | $141,400 |
| Land Assessment | $20,370 | Total Assessment | $161,770 |
Property Taxes
