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Retail Space Across From Mall
For Lease
$14 SF/Yr

4948 Monroe St, Toledo, OH 43623

CR-zoned retail space with direct signalized access to the mall’s J.C. Penney connection and Barnes & Noble co-tenancy.

Space SizeContact for details
Property Size31,903 SF
Days on Market484

Property Features for 4948 Monroe St

General Information

Standard status Active
Size 31,903 SF
Total Parking Spaces 263
Property subtype Retail
Zoning CR

Building Details

Building Size 31,903 SF
Year Built 1997
Buildings 1
Stories 1
Listing Agency: Signature Associates - Toledo
Listed By: Stephen Serchuk
Source: Cpix.resimplifi
Added: May 5, 2025 Changed: Aug 30 Last Checked: Aug 30 at 6:04AM

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 Signature Associates - Toledo

Investment Insights

Based on property information with market context.

The retail offering at 4948 Monroe St comprises 31,903 square feet within a 1997-built property. The space is zoned CR and is positioned across from Westfield Franklin Park Mall, which contains approximately 1.3 million square feet.

A signalized intersection provides direct access to the mall’s J.C. Penney connection. Barnes & Noble is identified as a co-tenant, adding an established retail presence to the surrounding commercial setting in Toledo, Ohio.

Key Highlights

  • 31,903 SF of retail space
  • Built in 1997
  • CR zoning

Property Analytics

Current Use

JOANN Fabric and Crafts Home Decor Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Electrical Service Big Box & Wholesale Store

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

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,511
Businesses Nearby
766k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Apparel 35% Shops & Services 18% Groceries 2%
DICK'S Sporting Goods Apparel
101,399 visits/mo 0.4 miles
Kohl's Apparel
78,232 visits/mo 0.3 miles
JCPenney Apparel
49,131 visits/mo 0.2 miles
Panda Express Dining
38,915 visits/mo 0.4 miles
Olive Garden Dining
36,281 visits/mo 0.4 miles

Demographics for 43623, OH

20,320
Population
10,056
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
6.7 sq mi
ZIP Area
3,033
Density / Sq Mi
$65,908
Median Household Income
$40,496
Median Earnings
$933
Median Rent
$167,500
Median Home Value

Market

Lease Benchmarks for Toledo, OH

$13.65 /SF/Yr
Avg Asking Price
$10–$18 /SF/Yr
Price Range
10,907 SF
Avg Space Size

This space is priced 3% above the average of $13.65 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Retail space - CR-zoned retail space with direct signalized access to the mall’s J.C. Penney connection and Barnes & Noble co-tenancy.
Where is this retail space located?
The property is located at 4948 Monroe St Toledo, OH.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 31,903 SF of retail space; Built in 1997; CR zoning
More about this property
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