1502 Monroe St Toledo, OH 43604
- Retail properties
- 7,000 SF
- 0.24 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1502 Monroe St
- Lot size
- 0.24 lot acres
- Property size
- 7,000 SF
- Property type
- Retail properties
Description
This exceptional 7,000-square-foot retail property, located at 1502 Monroe St. in Toledo's Downtown submarket, presents a unique investment opportunity. Situated on a 0.24-acre lot, this single-tenant building boasts 200 feet of frontage on Monroe Street, enhanced by two convenient curb cuts for optimal accessibility. The C-55 zoning allows for a variety of uses, making it suitable for a range of businesses. The property includes six parking spaces for staff and customers. Inside, the space features a practical overhead door, perfect for logistical needs, and a separate showroom entryway, ideal for customer interaction and retail displays. This strategic location within Toledo's Downtown submarket cluster ensures high visibility and foot traffic. The property's location within an Opportunity Zone provides significant tax advantages for investors. Property taxes are $6.90 per square foot. The APN is 188167, and the cross street is N 15th St. This turnkey property is ready for immediate occupancy and offers substantial potential for growth and return on investment. Don't miss this chance to acquire a prime commercial space in a thriving urban area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.547
- Latitude
- 41.6538
