Large-Format Retail/Showroom
For Sale
Contact for pricing
4485 Monroe Street, Toledo, OH 43613
Large-format building with dock and grade-level loading, plus fire suppression and 18’+ clear height.
Property Size53,980 SF
Price / SF$74.10
Days on Market112
Property Features for 4485 Monroe Street
General Information
Standard status
Active
Size
53,980 SF
Total Parking Spaces
200
Property subtype
Retail
Zoning
Regional Commercial
Building Details
Year Built
1987
Listing Agency:
Reichle | Klein Group
Listed By:
Duke Wheeler · License #OH 2002018621
(419) 861-1100
Source:
Crexi
Added: Jul 1
Changed: Oct 10
Last Checked: Oct 19 at 6:28AM
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
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Investment Insights
Based on property information with market context.
This large-format retail and showroom building is designed for flexible commercial use, with a functional layout that supports both customer-facing frontage and back-of-house operations. The facility features 18’+ clear height, fully fire-suppressed systems, three truck docks, and two grade-level overhead doors.
The property is located at 4485 Monroe Street in Toledo, along the Monroe Street retail corridor. It also benefits from visibility from I-475 and close expressway access for customers, employees, vendors, and distribution traffic from the broader Northwest Ohio and Southeast Michigan region.
With its high ceilings and existing dock/overhead door configuration, the building is well-suited to users that need retail/showroom space paired with practical loading capability for deliveries and service operations.
The property is located at 4485 Monroe Street in Toledo, along the Monroe Street retail corridor. It also benefits from visibility from I-475 and close expressway access for customers, employees, vendors, and distribution traffic from the broader Northwest Ohio and Southeast Michigan region.
With its high ceilings and existing dock/overhead door configuration, the building is well-suited to users that need retail/showroom space paired with practical loading capability for deliveries and service operations.
Key Highlights
- 1987‑built large‑format retail/showroom building with dock and grade‑level loading features
- 18’+ clear height with expansive floorplate and high ceilings for customer‑facing or operational uses
- 3 truck docks plus 2 grade‑level overhead doors for loading and back‑of‑house distribution
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,936
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,038,720
$7.0M
Cap Rate 7%
$5,027,657
$5.0M
Cap Rate 9%
$3,910,400
$3.9M
Market Conditions
NOI Build-Up for 53,980 SF
Gross rent
$544.1K $10.08/SF
− Vacancy
−$41.4K −$0.77/SF
EGI
$502.8K $9.31/SF
− OpEx
−$150.8K −$2.79/SF
NOI
$351.9K $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%
$7,038,720
Cap Rate 7%
$5,027,657
Cap Rate 9%
$3,910,400
Alternative Uses
Best Use
Retail
$5.03M
$4.40M – $5.87M
NOI $351,936 @ 7.0% cap · market cap 8.80%
Second Best
Flex RnD
$4.81M
$4.21M – $5.61M
NOI $336,414 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$8.98M
$7.86M – $10.48M
NOI $628,845 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43613, OH
32,116
Population
14,376
Households
2.2
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
5,265
Density / Sq Mi
$63,425
Median Household Income
$41,877
Median Earnings
$895
Median Rent
$125,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Ms Hunnybee sweets — 4020 Stannard Dr, Toledo, OH 43613
Frequently Asked Questions
What type of property is this?
Flex space - Large-format building with dock and grade-level loading, plus fire suppression and 18’+ clear height.
Where is this flex space located?
The property is located at 4485 Monroe Street Toledo, OH.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 1987‑built large‑format retail/showroom building with dock and grade‑level loading features; 18’+ clear height with expansive floorplate and high ceilings for customer‑facing or operational uses; 3 truck docks plus 2 grade‑level overhead doors for loading and back‑of‑house distribution
