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Two-Story Department Store at Mall
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5001 Monroe St, Toledo, OH 43623

Two-story department store with a shared mall parking garage and direct access to the first and second floors.

Property Size186,883 SF
Lot Size20.57 Acres
Days on Market56

Property Features for 5001 Monroe St

General Information

Standard status Active
Size 186,883 SF
Total Parking Spaces 302
Lot size 20.57 Acres
Property subtype Retail

Additional Details

Road Access Yes

Building Details

Stories 2
Listing Agency: Hanna Commercial Real Estate Cleveland
Listed By: Anthony Visconsi · License #OH SAL.0000375098
Source: Crexi
Added: Jul 20 Changed: Sep 8 Last Checked: Sep 13 at 5:02AM

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 Hanna Commercial Real Estate Cleveland

Investment Insights

Based on property information with market context.

Available for sale is a 186,883 SF two-story department store attached to Franklin Park Mall. The building is configured with 93,725 SF on the first floor and 93,158 SF on the second floor.

The property sits on a 20.566-acre parcel with access from every side of the mall. A two-level parking garage with 302 spaces provides access to the first and second floors of the Macy’s and Dillard’s building. The site offers +/-1,286 ft of frontage with two traffic lights on Tallmadge Rd.

Retail neighbors at Franklin Park Mall include Dick’s Sporting Goods, Dillard’s, JCPenney, Kohl’s, Cinemark, Burlington, Petco, and additional tenants.

Key Highlights

  • 186,883 SF two‑story department store attached to Franklin Park Mall
  • First floor 93,725 SF and second floor 93,158 SF
  • 20.566‑acre parcel with access from every side of the mall

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,540
Businesses Nearby
961k
Monthly Visits Nearby
Well-served
Demand for This Use

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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Tribal Spirit 5001 Monroe St, Toledo, OH 43623
  • Franklin Park Mall 5001 Monroe St, Toledo, OH 43623
  • Playball ink 5001 Monroe St, Toledo, OH 43623
  • Sunglass Hut 5001 Monroe St #1565, Toledo, OH 43623
  • Jms 5151 Monroe St Suite 250E, Toledo, OH 43623

Frequently Asked Questions

What type of property is this?
Shopping center - Two-story department store with a shared mall parking garage and direct access to the first and second floors.
Where is this shopping center located?
The property is located at 5001 Monroe St Toledo, OH.
What are key features of this property?
This property features: 186,883 SF two‑story department store attached to Franklin Park Mall; First floor 93,725 SF and second floor 93,158 SF; 20.566‑acre parcel with access from every side of the mall
More about this property
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