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    420 Madison Ave Toledo, OH 43604

    Sponsored
    For Lease
    $198 SF/Yr

    Prestigious Toledo office space, move-in ready.

    Lot size:
    133,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This twelve-story, 133,750-square-foot Class B office building, located at 420 Madison Ave, Toledo, OH 43604, offers multiple executive office suites for lease. Built in 1895 and extensively renovated in 2023, the property boasts 8' to 10' ceilings and features elevator service. Individual suites range from a minimum of 630 square feet to a maximum contiguous space of 3,700 square feet, with 17,833 square feet currently vacant. The building sits on a 0.33-acre lot in the Central Business District, zoned Downtown Commercial, offering flexibility for various business types. Its prime location across Madison Avenue from the Huntington Center and within walking distance of the Valentine Theatre, Promenade Park, Warehouse District, Fifth Third Field, the renovated Glass City Center, and numerous dining and entertainment options provides unparalleled convenience and accessibility. The building's address is 420 Madison Ave, Toledo, OH 43604, and its location within the Downtown Toledo DORA (Designated Outdoor Refreshment Area) adds to its appeal. The property features one building with twelve stories and is conveniently located near major amenities. This is an exceptional opportunity to secure high-quality office space in a vibrant and thriving downtown location.

    Property Features for 420 Madison Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    133,750 SF
    Class
    B
    Total Rate
    2206875

    Building Details

    Year Built/Renovated
    1895/2023
    Buildings
    1
    Stories
    12

    Unit(s) available at that property

    Space
    1st Floor
    Size
    2,055 SF
    Space
    5th Floor
    Size
    1,555 SF
    Space
    5th Floor
    Size
    1,678 SF
    Space
    6th Floor
    Size
    650 SF
    Space
    6th Floor
    Size
    2,755 SF
    Space
    10th Floor
    Size
    3,700 SF
    Space
    10th Floor
    Size
    1,625 SF
    Space
    11th Floor
    Size
    3,280 SF
    Space
    12th Floor
    Size
    3,700 SF
    Rate per SF
    $210

    HighLights

    • Professionally managed building.
    • On‑site Plate One Coffee Shop in the lobby.
    • Convenient street parking and nearby parking garages (Superior and Port Lawrence).
    • Excellent location near The Four Corners Project (360+ residential units and retail) within a Community Reinvestment Area offering potential tax abatements.
    • Floor plans available.
    Property Profile Location Intelligence

    Current Use by Public Records

    US Labor Department ... Government Office Toledo Department Public ... Government Office URS Corporation Engineering Consultant US Commerce Department Federal Government Office Marine Safety Unit Government Office

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5352951
    Latitude
    41.6517725

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Toledo office space, move-in ready.
    Where is this office property / space located?
    The property is located at 420 Madison Ave Toledo, OH.
    What is the lease rate?
    The lease rate is $0.00-$210 SF/Yr.
    What are key features of this property?
    This property features: Professionally managed building.; On-site Plate One Coffee Shop in the lobby.; Convenient street parking and nearby parking garages (Superior and Port Lawrence).
    Request Owner's contact information
    420 Madison Ave Toledo, OH 43604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Madison Ave Toledo, OH 43604
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