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    5105 Glendale Ave Toledo, OH 43614

    For Lease
    $5 SF/Yr

    South Toledo commercial space, multiple suites available.

    Lot size:
    93,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Glendale Marketplace, located at 5105 Glendale Ave, Toledo, OH 43614, offers a diverse range of commercial spaces totaling 93,760 square feet across two single-story buildings. This Class B property, built in 1982 and renovated in 2015, sits on 9.3 acres of land and features ample parking with 400 spaces. The property is zoned CRSO and boasts a convenient location in the South Toledo submarket, near the intersection of Glendale Ave and Reynolds, one mile from I-80/90 and two miles from I-475. Multiple tenancy options are available, with a minimum divisible space of 2,055 square feet and a maximum contiguous space of 23,873 square feet. Currently, 27,000 square feet is vacant. Notable features include a large 23,873 square foot big box space (formerly a Kroger grocery store), a 23,620 square foot former charter school, and smaller inline retail spaces starting at 2,055 square feet (formerly a tanning salon). The large space includes sprinklers, three dock doors, and one overhead door, with 18+ foot clear ceiling height. The property is ideal for a variety of commercial or industrial uses. The property consists of 15 total suites. Elevators are not available. The APN is 06-04714.

    Property Features for 5105 Glendale Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,760 SF
    Class
    B
    Total Rate
    42973.33

    Building Details

    Year Built/Renovated
    1982/2015
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite M (Big Box)
    Size
    23,873 SF
    Rate per SF
    $5
    Space
    Suite B
    Size
    2,055 SF
    Rate per SF
    $6

    HighLights

    • 93,760 SF Class B multi‑tenant retail/industrial property on 9.3 acres in South Toledo.
    • Large 23,873 SF big‑box space (former Kroger), sprinklered, with three dock doors, one overhead door, and 18'+ ceilings, suitable for retail or storage.
    • 23,620 SF former charter school currently occupied by Stormin' Norman's Flea Market.
    • Smaller inline spaces available, starting at 2,055 SF (former tanning salon), easily adaptable for retail or office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tahyah's Dance Studio Dance School Yes FM Radio Radio Broadcaster Nova Faith Religious Organization Nova Urgent Dental Dentist ELITE RESIDENTIAL SERVICES Home Health Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6626033
    Latitude
    41.6031641

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    FAQs

    What type of property is this?
    Distribution property - South Toledo commercial space, multiple suites available.
    Where is this distribution property located?
    The property is located at 5105 Glendale Ave Toledo, OH.
    What is the lease rate?
    The lease rate is $5-$6 SF/Yr.
    What are key features of this property?
    This property features: 93,760 SF Class B multi-tenant retail/industrial property on 9.3 acres in South Toledo.; Large 23,873 SF big-box space (former Kroger), sprinklered, with three dock doors, one overhead door, and 18'+ ceilings, suitable for retail or storage.; 23,620 SF former charter school currently occupied by Stormin' Norman's Flea Market.
    Request Owner's contact information
    5105 Glendale Ave Toledo, OH 43614
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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
    5105 Glendale Ave Toledo, OH 43614
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