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Historic Mixed-Use Building
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520 Madison Ave, Toledo, OH 43604

Redevelopment will combine attainable housing with ground-floor commercial space for restaurants, shops, and neighborhood-serving businesses.

Space Size18,000 SF
Property Size250,000 SF
Days on Market16

Property Features for 520 Madison Ave

General Information

Standard status Active
Size 18,000 SF
Class B
Property subtype Retail

Space & Availability

Floor Ground
Space Use Retail
Available From 2027-Q3

Building Details

Building Size 250,000 SF
Year Built 1895
Tenancy Multiple

Spaces For Lease

at 520 Madison Ave Contact us

1st Floor Available Space

Type
Retail
Availability
Active
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2nd Floor Available Space

Size
18,000 SF
Type
Retail
Availability
Active
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Lower Level Available Space

Type
Retail
Availability
Active
Contact us
Listing Agency: NAI Harmon Group
Listed By: Becky Beck · License #OH SAL.2023004979
Source: Crexi
Added: Jul 28 Changed: Aug 8 Last Checked: Aug 11 at 7:12PM

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 NAI Harmon Group

Investment Insights

Based on property information with market context.

The Spitzer Building is a historic landmark undergoing redevelopment as a mixed-use property. Plans call for approximately 162 attainable housing units within the 250,000 SF building, along with active commercial space at ground level. The commercial component is intended for restaurants, shops, and neighborhood-serving businesses.

Located at 520 Madison Ave in Toledo, the project is identified as Phase 1 of the Four Corners District redevelopment. Target completion is Q3 2027, creating a future combination of residential and retail-oriented space within a substantial historic structure.

Key Highlights

  • 250,000 SF historic landmark in redevelopment
  • Approximately 162 attainable housing units planned
  • Ground‑floor commercial space for restaurants, shops, and neighborhood‑serving businesses

Property Analytics

Current Use

Joann Rubin Law ... Law Firm Small Business Lender ... Business Management Consultant Geller Paul L Law Firm Wexler & White Inc Business Management Consultant Casey & Slaybod Law Firm

Suggested Use

Top Pick Locksmith Acupuncture Skin Care Clinic Catering Service (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

2,750
Businesses Nearby

Demographics for 43604, OH

9,248
Population
5,868
Households
1.6
Avg Household Size
35
Median Age
16%
College-Educated
79%
High-School Grad
2.8 sq mi
ZIP Area
3,303
Density / Sq Mi
$18,980
Median Household Income
$27,457
Median Earnings
$499
Median Rent
$59,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Redevelopment will combine attainable housing with ground-floor commercial space for restaurants, shops, and neighborhood-serving businesses.
Where is this mixed-use property located?
The property is located at 520 Madison Ave Toledo, OH.
What are key features of this property?
This property features: 250,000 SF historic landmark in redevelopment; Approximately 162 attainable housing units planned; Ground‑floor commercial space for restaurants, shops, and neighborhood‑serving businesses
(419) 960-4410 Call to check price and availability
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