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Updated Retail Space
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5577 Monroe St, Sylvania, OH 43560

NNN lease structure with separately metered utilities and shared operating expenses.

Space Size5,000 SF
Property Size34,399 SF
Days on Market971

Property Features for 5577 Monroe St

General Information

Standard status Active
Size 5,000 SF
Class B
Property subtype Retail
Lease Type NNN

Additional Details

Space Use Retail
Utilities to Site Yes

Amenities

facade improvements
storefront glass
decorative stone columns
new HVAC systems

Building Details

Building Size 34,399 SF
Tenancy Multiple

Spaces For Lease

at 5577 Monroe St Contact us

Unit A $18.50/SF/Yr

Size
5,000 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Miller Diversified
Listed By: Chris Murphy · License #OH SAL.2022006382
Source: Crexi
Added: Jan 3, 2024 Changed: Aug 30 Last Checked: Apr 23 at 5:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller Diversified

Investment Insights

Based on property information with market context.

Retail space is available within a center built in 1984 along Monroe Street’s retail corridor in Sylvania. The property has undergone exterior and building-system improvements, including facade work, new storefront glazing, decorative stone columns, and new HVAC equipment.

The lease is structured as NNN, with the occupant responsible for a pro rata share of insurance, common area maintenance, and real estate taxes. Utilities are separately metered. The center also provides on-site parking and accommodates multiple retail occupants.

Key Highlights

  • Retail center located along Monroe Street’s retail corridor in Sylvania
  • NNN lease with pro rata insurance, common area maintenance, and real estate taxes
  • Utilities are separately metered

Property Analytics

Current Use

Learning Express (Bike/Boat/Book/etc) Store Great Lakes Vacuum Home Appliance Store American Home Fitness ... Gym & Fitness Center GOLFTEC Toledo Golf Instructor Michele Stuckey | Fairway ... Loan Service

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Storage Facility HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

799
Businesses Nearby
119k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 42% Groceries 24% Dining 19% Apparel 12%
Aldi Groceries
28,410 visits/mo 0.2 miles
Dollar Tree Shops & Services
21,112 visits/mo 0.2 miles
Speedway Shops & Services
14,447 visits/mo 0.5 miles
Roosters Dining
13,294 visits/mo 0.3 miles
Shell Shops & Services
10,786 visits/mo 0.4 miles

Demographics for 43560, OH

34,204
Population
13,107
Households
2.6
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
1,613
Density / Sq Mi
$104,865
Median Household Income
$59,940
Median Earnings
$1,102
Median Rent
$262,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - NNN lease structure with separately metered utilities and shared operating expenses.
Where is this retail space located?
The property is located at 5577 Monroe St Sylvania, OH.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: Retail center located along Monroe Street’s retail corridor in Sylvania; NNN lease with pro rata insurance, common area maintenance, and real estate taxes; Utilities are separately metered
(419) 877-7777 Call to check price and availability
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