Free-Standing Retail
4235 Monroe St, Toledo, OH 43606
For Sale
$750,000
Turnkey retail opportunity in Toledo with paved personal parking and an operating business generating $120,000 per month.
Property Size3,200 SF
Price / SF$234.38
Days on Market147
Property Features for 4235 Monroe St
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Century 21 Excellence Realty
Listed By:
Sandeep Marwah · License #2024001750
(614) 680-5997
Source:
Thelorilynngroup
Added: Jun 16
Changed: Oct 25
Last Checked: Oct 7 at 4:07PM
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 Century 21 Excellence Realty
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Investment Insights
Based on property information with market context.
This turnkey retail opportunity is a free-standing commercial storefront offering approximately 3,200 square feet designed for day-to-day operations. The property is presented as an operating business, with the current business producing $120,000 per month per the seller’s public remarks. Paved personal parking is included, supporting customer access and convenient on-site stays.
Located at 4235 Monroe Street in Toledo, Ohio 43606, the property’s free-standing format allows for straightforward customer flow and independent tenancy. The paved parking arrangement is intended to complement storefront visits and reduce reliance on off-site parking.
For buyers and operators seeking a ready-to-run retail space, this offering provides an established operating business and a dedicated retail building with on-site paved parking. The combination of an operating setup and a free-standing configuration can be attractive for a tenant or owner-operator looking to continue current retail operations while evaluating future site or business adjustments within the existing footprint.
Located at 4235 Monroe Street in Toledo, Ohio 43606, the property’s free-standing format allows for straightforward customer flow and independent tenancy. The paved parking arrangement is intended to complement storefront visits and reduce reliance on off-site parking.
For buyers and operators seeking a ready-to-run retail space, this offering provides an established operating business and a dedicated retail building with on-site paved parking. The combination of an operating setup and a free-standing configuration can be attractive for a tenant or owner-operator looking to continue current retail operations while evaluating future site or business adjustments within the existing footprint.
Key Highlights
- Free‑standing commercial retail building built in 1950
- About 3,200 sq ft commercial retail space
- Operating business with reported income of $120,000 per month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,365
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,300
$487.3K
Cap Rate 7%
$348,071
$348.1K
Cap Rate 9%
$270,722
$270.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$34.6K $10.80/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$32.5K $10.15/SF
− OpEx
−$8.1K −$2.54/SF
NOI
$24.4K $7.61/SF
Area
Toledo, OH
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,300
Cap Rate 7%
$348,071
Cap Rate 9%
$270,722
Alternative Uses
Best Use
Specialty Retail
$348.1K
$304.6K – $406.1K
NOI $24,365 @ 7.0% cap · market cap 3.25%
Second Best
Retail
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$532.6K
$466.0K – $621.3K
NOI $37,279 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
Dunkin' Donuts
Dining
17,449 visits/mo
0.4 miles
Wendy's
Dining
15,996 visits/mo
0.2 miles
BP
Shops & Services
13,263 visits/mo
0.2 miles
Marco's Pizza
Dining
1,954 visits/mo
0.4 miles
Tireman
Shops & Services
464 visits/mo
0.5 miles
Demographics for 43606, OH
25,671
Population
11,700
Households
2.2
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,949
Density / Sq Mi
$60,308
Median Household Income
$32,997
Median Earnings
$938
Median Rent
$165,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Food Town Fresh Market of Toledo — 2725 Central Ave, Toledo, OH 43606
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey retail opportunity in Toledo with paved personal parking and an operating business generating $120,000 per month.
Where is this grocery and convenience store located?
The property is located at 4235 Monroe St Toledo, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Free‑standing commercial retail building built in 1950; About 3,200 sq ft commercial retail space; Operating business with reported income of $120,000 per month
