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Multi-Level Office Building with Kitchen

24 S Michigan St, Toledo, OH 43604

For Sale
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Three-story office building with a full commercial kitchen, cafeteria area, and multiple dorm-style rooms.

Property Size16,600 SF
Price / SF$29.82
Days on Market165

Property Features for 24 S Michigan St

General Information

Standard status Active
Size 16,600 SF
Property subtype OFFICE

Site & Location

Neighborhood Joe Marck

Building Details

Stories 3
Listing Agency: Reichle | Klein Group
Listed By: Peter Shawaker · License OH #0000341752
Source: Moodyscre
Added: May 29 Changed: Nov 8 Last Checked: Nov 8 at 7:54AM

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 Reichle | Klein Group

Rey
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Investment Insights

Based on property information with market context.

The building offers approximately 5,200 square feet on the first floor, including a full commercial kitchen, cafeteria area, two restrooms, and an office. The second floor is around 4,800 square feet, and the third floor is around 3,000 square feet and is comprised of multiple dorm style rooms. The overall property size is 16,600 square feet.

Located at 24 S Michigan St in Toledo, OH, the three-level layout provides dedicated space for meal service amenities on the first floor, with additional workspace and room-style configuration on the upper floors.

This layout is well suited for an organization that wants office space along with an on-site commercial kitchen and cafeteria area, plus flexible room configurations on the upper level(s).

Key Highlights

  • 16,600‑square‑foot, multi‑level office building
  • First floor includes full commercial kitchen, cafeteria area, and an office
  • First floor has two restrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Acupuncture Pet Grooming Service Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

2,578
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office buildings in Toledo

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - Three-story office building with a full commercial kitchen, cafeteria area, and multiple dorm-style rooms.
Where is this office building located?
The property is located at 24 S Michigan St Toledo, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 16,600‑square‑foot, multi‑level office building; First floor includes full commercial kitchen, cafeteria area, and an office; First floor has two restrooms
(419) 794-3969 Call to check price and availability
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