Current Use by Public Records
- Citizens Bank ATM / Atm
- Citizens ATM / Atm
Property Details for 5213 Monroe St
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 543,378 square foot, single-story retail shopping center in Toledo, Ohio, presents a compelling investment opportunity. Comprised of ten buildings and 56 suites, this property boasts a prime location along the Monroe Street Corridor, a high-traffic area with over 5 million visits in the past year, ranking as the third most visited property within a 30-mile radius. The center offers a minimum divisible space of 630 square feet and a maximum contiguous space of 168,343 square feet, catering to a wide range of tenants. Currently, there are 14,469 square feet of vacant space available. The property benefits from excellent visibility and accessibility, situated just 1.9 miles from Route 23 (70,000 vehicles per day) and 2.0 miles from I-475 (71,000 vehicles per day). Ample parking is provided with 2,432 spaces. The property serves a robust 5-mile population of 197,892 residents with an average household income of $72,693. Toledo, a key economic hub in the Midwest, offers a dynamic market with a population exceeding 276,000 and a metropolitan area of over 600,000. The city's diverse economy encompasses healthcare, manufacturing, education, retail, and logistics, supported by major employers like Owens Corning, Dana Incorporated, and Libbey Inc., and the University of Toledo. This property's strategic location, high traffic volume, and substantial size make it an ideal investment for discerning buyers seeking a strong return in a thriving market. The property is located at 5213 Monroe St, Toledo, OH 43623, within Lucas County.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6518
- Latitude
- 41.7015
