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626 Madison Ave
Toledo, OH 43604
Louisville Building · Office Property For Sale


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 Louisville Building presents an exceptional redevelopment or investment opportunity in the heart of Downtown Toledo. Offered for the first time, this property spans 57,465 SF and is strategically located at the intersection of Madison Avenue and Erie Street, amidst the city's central business district. Its prime location provides proximity to major civic and cultural destinations, including the courthouse, federal buildings, Huntington Center, and Fifth Third Field.
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.
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
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
57,465 SF
Building Class
B
Year Built
1962
Price
$989,000
Price Per SF
$17.21
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
7,183 SF
Slab To Slab
12’
Building FAR
8.79
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C-5 - Central Business District
Amenities
- Banking
- Bus Line
- Security System
Property Taxes
| Parcel Number | 12-16681 | Improvements Assessment | $141,400 |
| Land Assessment | $20,370 | Total Assessment | $161,770 |
Property Taxes
Parcel Number
12-16681
Land Assessment
$20,370
Improvements Assessment
$141,400
Total Assessment
$161,770
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