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    519 Monroe St Toledo, OH 43604

    For Sale
    $1,950,000

    Prime retail/restaurant opportunity in a vibrant downtown location.

    Property size:
    12,240 SF

    Property Features for 519 Monroe St

    General Information

    Size
    12,240 SF

    Building Details

    Year built
    1897

    Source: Joshua D. Payzant Agent Joshua D. Payzant

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Building in Downtown Toledo

    This historic building, situated in the heart of Toledo, offers a prime opportunity for retail or restaurant investors. The property, zoned 10-CD, is suitable for creative development. Its architectural character makes it ready to house a vibrant retail or culinary concept. The building features a large, well-maintained basement with walk-in coolers and freezers. The vacant third floor is ready for renovation. The property is located in a DORA district and is adjacent to Fifth Third Field. The surrounding area offers diverse amenities within walking distance, including shops, entertainment venues, and cultural attractions. Easy access to public transportation and a mix of boutique retail stores and trendy dining spots contribute to a vibrant and dynamic environment. The property is located in a prime location in Downtown Toledo and is close to entertainment and destinations. The real estate is for sale only; the business is not included. FF&E is available for purchase. The property size is 12,240 square feet.
    Location Intelligence

    Current Use by Public Records

    PizzaPapalis Pizza Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.5389242
    Latitude
    41.6494885

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    FAQs

    What type of property is this?
    Retail space - Prime retail/restaurant opportunity in a vibrant downtown location.
    Where is this retail space located?
    The property is located at 519 Monroe St Toledo, OH.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Prime location in Downtown Toledo, ideal for retail or restaurant business.; - Zoned 10-CD, presenting a prime opportunity for creative development.; - Historic building with rich architectural character.
    (734) 883-2226
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    Toledo, OH 43604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    519 Monroe St Toledo, OH 43604
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