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    5395 Monroe St Toledo, OH 43623

    Sponsored
    For Sale
    Contact for pricing

    Fully equipped, 3972 SF restaurant with drive-thru.

    Property size:
    3,972 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,972 square foot former Steak 'n Shake restaurant presents a unique turnkey opportunity for restaurateurs in Toledo, Ohio. The property boasts a prime location on Monroe Street, a premier retail corridor, just one mile west of the expansive Franklin Park Mall (over 1,500,000 square feet). The building is currently vacant and features a fully equipped and furnished interior, ready for immediate occupancy. The restaurant's design includes seating for 88 patrons and a convenient drive-thru lane, catering to diverse customer preferences. Ample parking is available with 65 paved spaces, ensuring convenient access for diners. Excellent visibility is guaranteed with a large pylon sign at street level, enhancing brand recognition. Access is easy, facilitated by two curb cuts. The location benefits from strong demographics, with a population of 182,737 within a 5-mile radius, and high traffic counts of 26,756 vehicles per day. This property offers a compelling combination of location, existing infrastructure, and high visibility, making it an ideal investment for a new or expanding restaurant business. The property is located at 5395 Monroe St, Toledo, OH 43623.

    Property Features for 5395 Monroe St

    General Information

    Property type
    Restaurants
    Square Feet
    3,972 SF

    HighLights

    • High‑traffic location on Monroe Street with excellent visibility.
    • 10,000+ square feet of versatile commercial space.
    • Zoned for a variety of uses, offering flexibility for potential tenants.
    • Ample on‑site parking available for customers and employees.
    • Strong tenant history demonstrates consistent demand.
    • Property presents a significant value‑add opportunity for investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6607424
    Latitude
    41.7042151

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    FAQs

    What type of property is this?
    Restaurant - Fully equipped, 3972 SF restaurant with drive-thru.
    Where is this restaurant located?
    The property is located at 5395 Monroe St Toledo, OH.
    What are key features of this property?
    This property features: High-traffic location on Monroe Street with excellent visibility.; 10,000+ square feet of versatile commercial space.; Zoned for a variety of uses, offering flexibility for potential tenants.
    Request Owner's contact information
    5395 Monroe St Toledo, OH 43623
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    Toledo, OH 43623
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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
    5395 Monroe St Toledo, OH 43623
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