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Historic Leased Office Building
For Sale
$995,000

222 N Erie St, Toledo, OH 43604

Long-term tenants occupy the property, with recent improvements completed throughout the units.

Property Size12,220 SF
Days on Market197

Property Features for 222 N Erie St

General Information

Standard status Active
Size 12,220 SF
Class B
Property subtype Multi Tenant Office
Occupancy 100%

Additional Details

Cap Rate 8%

Building Details

Building Size 12,220 SF
Year Built 1912
Listing Agency: NAI Harmon Group
Listed By: Becky Beck · License ##SAL.2023004979
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 29 Last Checked: Aug 29 at 3:57PM

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 NAI Harmon Group

Investment Insights

Based on property information with market context.

Built in 1912, this historic office building is fully leased to long-term tenants and includes recent improvements across its units. The property offers an 8% cap rate and established occupancy from closing, subject to review of the rent roll and expenses by qualified prospects.

The building fronts N Erie St with direct street exposure in Toledo’s Central Business District and the Port Lawrence subdivision. Its downtown setting places it near Fifth Third Field, Huntington Center, and Glass City Center Conference Center. The property is configured as a leased office investment with multiple occupied units and a documented operating history available for qualified review.

Key Highlights

  • Fully leased to long‑term tenants
  • 8% cap rate
  • Built in 1912 with recent improvements to each unit

Property Analytics

Current Use

Ozimek Mark A Law Firm Godbody Global Theater & Performing Art Venue Loudmouth Recording Studio Recording Studio Rxaw Rxed Mxedia.LLC Recording Studio Trimix Therapy Clinic Medical Clinic

Suggested Use

Top Pick Locksmith Catering Service Acupuncture (Bike/Boat/Book/etc) Store Pet Grooming Service Skin Care Clinic

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,865
Businesses Nearby

Demographics for 43604, OH

9,248
Population
5,868
Households
1.6
Avg Household Size
35
Median Age
16%
College-Educated
79%
High-School Grad
2.8 sq mi
ZIP Area
3,303
Density / Sq Mi
$18,980
Median Household Income
$27,457
Median Earnings
$499
Median Rent
$59,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Long-term tenants occupy the property, with recent improvements completed throughout the units.
Where is this office building located?
The property is located at 222 N Erie St Toledo, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fully leased to long‑term tenants; 8% cap rate; Built in 1912 with recent improvements to each unit
More about this property
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