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    151 Michigan St Toledo, OH 43604

    Sponsored
    For Lease
    $9 SF/Yr

    Prime Downtown Toledo Office Space

    Lot size:
    60,269 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Davis Building, a three-story, 60,269 square foot mixed-use property at 151 N Michigan St, Toledo, OH 43604, offers a unique blend of creative, traditional, and medical office spaces, along with retail and restaurant opportunities. Built in 1897, this historic building boasts a prime location in Toledo's Central Business District, equidistant from uptown and downtown, ensuring easy access for customers citywide. The building features 103 parking spaces—a rare amenity in this area—and elevators for convenient access to all three floors. With a maximum contiguous space of 5,000 square feet, the building currently houses a diverse mix of tenants including MidWest Kids, iDance Adaptive Performing Arts Center, Belle Amour Bridal, Salon Onyx, Erie Laser Ink, WS Design, and Leaf and Seed Cafe. Its CD zoning allows for a variety of uses. The building's central location provides excellent visibility and accessibility, with convenient access to I-75 and the Anthony Wayne Trail, ensuring high traffic exposure. This is an exceptional opportunity to secure a prominent presence in Toledo's vibrant arts and entertainment hub.

    Property Features for 151 Michigan St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,269 SF
    Total Rate
    47712.96

    Building Details

    Year Built
    1897
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    500 SF
    Rate per SF
    $9
    Space
    Available Space 2
    Size
    10,000 SF
    Rate per SF
    $9
    Space
    Available Space 1
    Size
    1,800 SF
    Rate per SF
    $14

    HighLights

    • Three‑story, 60,269 square foot mixed‑use building in Toledo, OH.
    • Prime location in Toledo's Central Business District, equidistant from uptown and downtown.
    • 103 parking spaces and elevators.
    • Maximum contiguous space of 5,000 square feet; currently houses diverse tenants.
    • CD zoning allows for various uses.
    • Excellent visibility and accessibility with convenient highway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Audiomatrix Recording Studios Recording Studio Mike Shepherd Voiceover Media Company The Nail Boss Nail Salon City Forest of Toledo Apartment Building The Davis Building Real Estate Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -83.5411876
    Latitude
    41.6521836

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Toledo Office Space
    Where is this restaurant located?
    The property is located at 151 Michigan St Toledo, OH.
    What is the lease rate?
    The lease rate is $9-$14 SF/Yr.
    What are key features of this property?
    This property features: Three-story, 60,269 square foot mixed-use building in Toledo, OH.; Prime location in Toledo's Central Business District, equidistant from uptown and downtown.; 103 parking spaces and elevators.
    Request Owner's contact information
    151 Michigan St 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
    151 Michigan St Toledo, OH 43604
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