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Retail Space Near Franklin Park
For Lease
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5001 Monroe St, Toledo, OH 43623

0.85 acres available for lease near Franklin Park Mall.

Space SizeContact for details
Lot Size1.00 Acre
Days on Market464

Property Features for 5001 Monroe St

General Information

Standard status Active
Lot size 1.00 Acre
Property subtype LAND

Spaces For Lease

at 5001 Monroe St
5001 Monroe St AVAILABLE, Now
Type LAND
Rate Contact for pricing
Sublease No
- Macy’s and Southeastern Development have joined forces to provide some outstanding outparcel opportunities at Premier Mall locations in Florida, Kentucky, Indiana, Minnesota, North Carolina, Ohio and Texas. - The outparcels are strategically located within the Parking Fields fronting Macy’s Stores in highly successful Malls. The sites will offer fantastic exposure to high traffic corridors with superior ingress and egress. - The Outparcels are available for Ground Lease or Build-To-Suit to preferred uses that include Restaurant, Retail, Hotel and Certain Service Industries.
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Listing Agency: Southeastern
Listed By: Tommy Saul
Source: Moodyscre
Added: Jul 1, 2025 Changed: Oct 5 Last Checked: Oct 5 at 7:58PM

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 Southeastern

Investment Insights

Based on property information with market context.

Approximately 0.85 acres, equivalent to 37,000 square feet, is available for lease. The property is located directly on Talmadge Road at a signalized entrance to Macy’s and the Franklin Park Mall. The mall's anchor stores include Macy’s, Dillard’s, JCPenny, and Dick’s Sporting Goods. The location presents a development opportunity and is surrounded by various national and local retailers and restaurants.

Key Highlights

  • 0.85 acres / 37,000 SF available for lease.
  • Located directly on Talmadge Road at a signalized entrance to Macy’s and the mall.
  • Anchored by major retailers Macy’s, Dillard’s, JCPenny, & Dick’s Sporting Goods.

Property Analytics

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Current Use

Maurices Clothing & Fashion Store Buckle Clothing & Fashion Store American Eagle & Aerie ... Clothing Store Spencers (Bike/Boat/Book/etc) Store Ticknors Men's Clothier ... Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,540
Businesses Nearby
961k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 37% Apparel 22% Shops & Services 22% Superstores 14%
Target Superstores
136,682 visits/mo 0.5 miles
DICK'S Sporting Goods Apparel
101,399 visits/mo 0.4 miles
Chick-fil-A Dining
54,904 visits/mo 0.4 miles
JCPenney Apparel
49,131 visits/mo 0.4 miles
Panda Express Dining
38,915 visits/mo 0.2 miles

Demographics for 43623, OH

20,320
Population
10,056
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
6.7 sq mi
ZIP Area
3,033
Density / Sq Mi
$65,908
Median Household Income
$40,496
Median Earnings
$933
Median Rent
$167,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Toledo, OH

$14.16 /SF/Yr
Avg Asking Price
$10–$18 /SF/Yr
Price Range
14,237 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - 0.85 acres available for lease near Franklin Park Mall.
Where is this retail space located?
The property is located at 5001 Monroe St Toledo, OH.
What are key features of this property?
This property features: 0.85 acres / 37,000 SF available for lease.; Located directly on Talmadge Road at a signalized entrance to Macy’s and the mall.; Anchored by major retailers Macy’s, Dillard’s, JCPenny, & Dick’s Sporting Goods.
(706) 854-6720 Call to check price and availability
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