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Redeveloped Mixed-Use Commercial Space
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608 Madison Ave, Toledo, OH 43604

First-floor commercial space is positioned beneath 218 residential units within a historic downtown redevelopment.

Space Size18,000 SF
Property Size300,000 SF
Days on Market2

Property Features for 608 Madison Ave

General Information

Standard status Active
Size 18,000 SF
Property subtype Office

Space & Availability

Floor Ground
Space Use Retail
Available From 2028

Building Details

Building Size 300,000 SF
Year Built 1906

Spaces For Lease

at 608 Madison Ave Contact us

608 Madison Ave

Size
18,000 SF
Term
Negotiable
Contact us
Listing Agency: NAI Harmon Group
Listed By: Jason Westendorf, SIOR · License #OH #SAL.2006007466
Source: Naiglobal
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 8 at 2:42AM

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.

First-floor commercial space is available at the Nicholas Building, a historic property originally built in 1906 and now undergoing redevelopment. The commercial component is located below 218 residential units, creating a mixed-use configuration with housing directly above the available space.

The property is at 608 Madison Ave in downtown Toledo’s Four Corners District. Redevelopment is targeted for delivery in 2028 and includes ground-floor commercial uses within the building. The location and configuration support consideration for restaurants, shops, and neighborhood-serving businesses, as identified for the project.

Key Highlights

  • First‑floor commercial space in the Nicholas Building
  • 218 residential units planned above the commercial spaces
  • Located in downtown Toledo’s Four Corners District

Property Analytics

Current Use

Randall Jane S Law Firm Szuch Stephen M Law Firm The Nicholas Building Heritage Building Greater Toledo Urban ... Social Service Agency Fast Snow Removal Landscaping

Suggested Use

Top Pick Locksmith Catering Service Acupuncture (Bike/Boat/Book/etc) Store Pet Grooming Service Skin Care Clinic

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
57k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 42% Shops & Services 32% Hotels & Casinos 26%
Renaissance Toledo Downtown Hotel Hotels & Casinos
14,936 visits/mo 0.3 miles
Shell Shops & Services
11,983 visits/mo 0.3 miles
Spaghetti Warehouse Dining
10,053 visits/mo 0.3 miles
Fricker's Dining
9,738 visits/mo 0.2 miles
El Vaquero Dining
3,396 visits/mo 0.3 miles

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 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?
Mixed-use property - First-floor commercial space is positioned beneath 218 residential units within a historic downtown redevelopment.
Where is this mixed-use property located?
The property is located at 608 Madison Ave Toledo, OH.
What are key features of this property?
This property features: First‑floor commercial space in the Nicholas Building; 218 residential units planned above the commercial spaces; Located in downtown Toledo’s Four Corners District
More about this property
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