523 Monroe St Toledo, OH 43604
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 523 Monroe St
- Year built
- 1897
- Lot size
- 0.11 lot acres
- Property size
- 12,240 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional three-story commercial building, located at 523 Monroe St in Toledo, Ohio, presents a unique investment opportunity. Boasting 12,240 square feet, this property is ideally situated in the heart of Toledo's entertainment district, directly adjacent to Fifth Third Field. Built in 1897 and extensively renovated in 2008, the building features a fully fixtured restaurant space with two bar areas and available outdoor seating. The property includes a 3,200 square foot unfinished third floor, offering significant expansion potential. The building sits on a 0.111-acre lot (60' x 80') and benefits from street and public parking. Interior features include ceramic tile, vinyl, and wood flooring, 14-foot ceilings (varying heights), a 3,200 square foot basement, gas forced air heating, central air conditioning, and a 1200-amp power supply. The building is equipped with a security system (fire and police), sprinklers, and prominent fascia signage. The permitted zoning is CD Downtown Comm. This turnkey operation is ready for a new owner to capitalize on its prime location and existing infrastructure. Fixtures and equipment are available separately. The asking price is $1,975,000. This property offers a rare blend of established commercial space and significant upside potential in a vibrant, high-traffic area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5384
- Latitude
- 41.6492
