610 Monroe St - Storefront Retail/Residential FOR SALE


Toledo, OH 43604- Downtown Toledo
$2,350,000 USD
419-377-0797
610 Monroe St, Toledo, OH for Sale
$2,350,000 USD
Storefront Retail/Residential - FOR SALE
1/40
null | Request Cap Rate

610 Monroe St
Toledo, OH 43604
Downtown Toledo


HIGHLIGHTS

  • 36,000 SF commercial building spanning five floors plus full basement for sale
  • Real estate only, business not included; Financials available upon request
  • Floors 3-5 offer a prime residential redevelopment opportunity with the potential for 12 additional apartment units
  • Located near Promenade Park, Huntington Center, and Fifth Third Field

OVERVIEW

Five-story, 36,000 SF, fully sprinklered, mixed-use building in the heart of downtown Toledo's central business district for sale. Built in 1910 with original wood floors throughout, the property retains its historic character while delivering modern functionality on the lower levels. Located in Close proximity to restaurants and entertainment venues, including Fifth Third Field, Huntington Center, Valentine Theatre and Promenade Park. The first and second floors are leased to All American Tap House, a 10,000 SF bar and restaurant operating under a five-year modified gross lease with renewal options and annual rent escalations. Both floors have been fully renovated, the first in 2010 and the second in 2024, with combined seating capacity for 380 guests. Floors three through five are unimproved, presenting a clean canvas for redevelopment. Renderings and drawings are for 12 apartments, four per floor, configured as two-bedroom, one bath units with in-unit laundry and separate utility metering. An elevator already runs from basement to fifth floor, and sprinklers are installed on every level.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CD

APN/PARCEL ID

12-00161

ASK ABOUT THIS PROPERTY

Rami SebaiSVN | Ascension Commercial RealtyMore Info
419-377-0797

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

Rami SebaiSVN | Ascension Commercial RealtyMore Info
419-377-0797

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