Large-Format Retail/Showroom
4485 Monroe Street Toledo, OH 43613
4485 Monroe Street, Toledo, OH, 43613
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For Sale
Contact for pricing
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 Market21
Property Features for 4485 Monroe Street
General Information
- Standard status
- Active
- Size
- 53,980 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing Agency
Reichle | Klein Group
(419) 861-1100
Listed by
Duke Wheeler · License #OH 2002018621
Source
Crexi
Added: Jul 1 Updated: Jul 20 at 6:20 pm Checked: Jul 20 at 6:20 pm
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $544.1k | $10.08 |
| − Vacancy | −$41.4k | −$0.77 |
| EGI | $502.8k | $9.31 |
| − OpEx | −$150.8k | −$2.79 |
| NOI | $351.9k | $6.52 |
53,980 SF · lease $10.08/SF/yr · vacancy 7.60% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Ms Hunnybee sweets — 4020 Stannard Dr, Toledo, OH 43613
FAQs
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
