626 Madison Ave - Office FOR SALE


Toledo, OH 43604- Downtown Toledo
$989,000 USD
419-351-1146
626 Madison Ave, Toledo, OH for Sale
$989,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

626 Madison Ave
Toledo, OH 43604
Downtown Toledo


HIGHLIGHTS

  • Property offered for sale for the first time with redevelopment potential in a prime downtown location.
  • Includes 18 dedicated parking spaces, a unique asset for the area.
  • Features panoramic city views complemented by windows that open for natural ventilation.
  • Systems upgrades include modernized elevators, updated chillers, and renovated components.
  • Strategic location near federal buildings, courthouse, and civic attractions within the central district.
  • Excellent roadway visibility at a high-traffic intersection with connectivity to Interstate 75.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Louisville Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C-5

APN/PARCEL ID

12-16681

ASK ABOUT THIS PROPERTY

Stephanie KuhlmanNAI Harmon GroupMore Info
419-351-1146

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Stephanie KuhlmanNAI Harmon GroupMore Info
419-351-1146

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