Historic Downtown Retail
For Sale
Contact for pricing
33 N Huron St, Toledo, OH 43604
Flexible 5+ year lease with tenant improvement support and NNN utilities responsibility for a downtown retail concept.
Property Size30,600 SF
Days on Market140
Property Features for 33 N Huron St
General Information
Standard status
Active
Size
30,600 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
30,600 SF
Year Built
1896
Properties For Sale
at 33 N Huron St
33 N. Huron Toledo, Ohio 43604
Size
2,200 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
NAI Harmon Group
Listed By:
Becky Beck · License #OH #SAL.2023004979
(419) 704-4724
Source:
Naiharmon
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 19 at 3:32AM
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
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Investment Insights
Based on property information with market context.
This historic retail space is offered as a leasing opportunity with a flexible 5+ year term. The listing provides for a negotiable security deposit, along with tenant improvement allowance of $10–$20 per square foot based on the terms and conditions. Tenants are responsible for utilities and NNN charges, making budgeting straightforward for operators planning a long-term presence. The building’s storefront format supports a range of retail business needs where visibility and street-level access matter.
Located at 33 N Huron St in Toledo, Ohio, the property is positioned in a sought-after downtown commercial setting. The area’s active business environment is a strong fit for brands and local operators looking to establish themselves in a dynamic, walk-in compatible market.
For tenants and investors, the combination of longer-term flexibility and available tenant improvements can help reduce the upfront costs of tailoring the space to a specific concept. This opportunity is particularly well suited for retailers seeking a downtown address and a landlord-supported buildout approach, while maintaining control over ongoing expenses through utility and NNN responsibility.
Located at 33 N Huron St in Toledo, Ohio, the property is positioned in a sought-after downtown commercial setting. The area’s active business environment is a strong fit for brands and local operators looking to establish themselves in a dynamic, walk-in compatible market.
For tenants and investors, the combination of longer-term flexibility and available tenant improvements can help reduce the upfront costs of tailoring the space to a specific concept. This opportunity is particularly well suited for retailers seeking a downtown address and a landlord-supported buildout approach, while maintaining control over ongoing expenses through utility and NNN responsibility.
Key Highlights
- Historic building built in 1896 at 33 N Huron St, Toledo, OH 43604
- Flexible leasing term of 5+ years
- Tenant improvement allowance of $10–$20 PSF, based on terms and conditions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,504
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,990,080
$4.0M
Cap Rate 7%
$2,850,057
$2.9M
Cap Rate 9%
$2,216,711
$2.2M
Market Conditions
NOI Build-Up for 30,600 SF
Gross rent
$308.4K $10.08/SF
− Vacancy
−$23.4K −$0.77/SF
EGI
$285.0K $9.31/SF
− OpEx
−$85.5K −$2.79/SF
NOI
$199.5K $6.52/SF
Area
Toledo, OH
Vacancy
7.60%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,990,080
Cap Rate 7%
$2,850,057
Cap Rate 9%
$2,216,711
Alternative Uses
Best Use
Retail
$2.85M
$2.49M – $3.33M
NOI $199,504 @ 7.0% cap · market cap 997,520.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.09M
$4.46M – $5.94M
NOI $356,478 @ 7.0% cap · market cap 1,782,390.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,402
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Circle K
Shops & Services
16,342 visits/mo
0.4 miles
Shell
Shops & Services
11,983 visits/mo
0.3 miles
Spaghetti Warehouse
Dining
10,053 visits/mo
0.1 miles
Fricker's
Dining
9,738 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
2,937 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible 5+ year lease with tenant improvement support and NNN utilities responsibility for a downtown retail concept.
Where is this storefront property located?
The property is located at 33 N Huron St Toledo, OH.
What are key features of this property?
This property features: Historic building built in 1896 at 33 N Huron St, Toledo, OH 43604; Flexible leasing term of 5+ years; Tenant improvement allowance of $10–$20 PSF, based on terms and conditions
