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5151 Monroe St, Toledo, OH 43623

Varied office suites available in Sylvania Twp, Toledo.

Space Size145 SF - 10,968 SF
Property Size77,400 SF
Days on Market1133

Property Features for 5151 Monroe St

General Information

Standard status Active
Size 145 SF - 10,968 SF
Class B
Total Parking Spaces 360
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 77,400 SF
Year Built 1972
Tenancy Multiple

Spaces For Lease

at 5151 Monroe St Contact us

Suite 231D

Size
177 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 209

Size
879 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 216 & 220

Size
10,968 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite 210B

Size
145 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Equity Mill Real Estate
Listed By: Jeremy Miller · License #OH BRKP.2016000379
Source: Crexi
Added: Jul 17, 2023 Changed: Aug 8 Last Checked: Aug 21 at 4:19PM

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 Equity Mill Real Estate

Investment Insights

Based on property information with market context.

Professional office spaces are available for rent, ranging in size from 76 square feet to 10,968 square feet. Located in Sylvania Township, the property benefits from the absence of local income taxes. The location offers close proximity to retail establishments, restaurants, and banking centers. Several suites are available, including Suite 209, an 879-square-foot space featuring an open layout, storage area, and an office, which can be renovated to suit a tenant's specific needs. Suite 216/220, formerly a call center, is a corner office suite with windows on three sides, large bullpen areas, a private restroom, eight offices, two conference rooms, a kitchen, and a break room, with the possibility of renovation to meet tenant requirements. Suite 232L is a single, small office. Suite 232F is a cosmetic suite with LVT flooring and plumbing for sink connections. Suite 234 is a former salon space with LVT flooring and a sink fixture. Operating expenses and utilities are included in the monthly rent for each suite.

Key Highlights

  • Operating expenses and utilities included in monthly rent.
  • Located in Sylvania Twp with no local income taxes.
  • Variety of suite sizes available, from 76 SF to 10,968 SF.

Property Analytics

Current Use

Lincare Pharmacy Deca Health Medical Group March of Dimes Social Service Agency Williamson Detox Resource Social Service Agency Neon Software (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Building Supply HVAC Service Acupuncture

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
$1.39 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,412
Businesses Nearby

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

Market

Lease Benchmarks for Toledo, OH

$23.75 /SF/Yr
Avg Asking Price
$6.25–$100 /SF/Yr
Price Range
11,634 SF
Avg Space Size

This space is priced 61% below the average of $23.75 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Varied office suites available in Sylvania Twp, Toledo.
Where is this office units located?
The property is located at 5151 Monroe St Toledo, OH.
What is the lease rate?
The lease rate is $9.25 SF/Yr.
What are key features of this property?
This property features: Operating expenses and utilities included in monthly rent.; Located in Sylvania Twp with no local income taxes.; Variety of suite sizes available, from 76 SF to 10,968 SF.
(419) 450-6854 Call to check price and availability
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