1511 Madison Ave - Schools FOR SALE


Toledo, OH 43604- Downtown Toledo
$12,330,000 USD
602-531-5538
1511 Madison Ave, Toledo, OH for Sale
$12,330,000 USD
Schools - FOR SALE
1/12
null | Request Cap Rate

1511 Madison Ave
Toledo, OH 43604
Downtown Toledo


HIGHLIGHTS

  • Institutional-quality operator – Managed by Imagine Schools with strong financial backing from Schoolhouse Finance Inc.
  • Award-winning international recognition - the only Ohio school recognized in 2024 as a National School of Character
  • High barrier to entry for other traditional and charter public schools - There are scarce options near the campus for other schools
  • Favorable NNN lease terms - absolute NNN lease, 3% annual increases, and numerous tenant reporting requirements

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$12,330,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Imagine Madison Avenue School of the Arts

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

204

LAND DETAILS

LAND ACRES

3.49 AC

LAND SF

152,024 SF

ZONING

10-CR

APN/PARCEL ID

15-50491,15-50501

ASK ABOUT THIS PROPERTY

Mindy KorthColliersMore Info
602-531-5538

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Mindy KorthColliersMore Info
602-531-5538

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.