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    5395 Monroe St Toledo, OH 43623

    • Turn key restaurants
    • 3,720 SF
    • 1.26 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US66-0251393
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 5395 Monroe St

    Year built
    1999
    Lot size
    1.26 lot acres
    Property size
    3,720 SF
    Zone code
    20-MX
    Property type
    Turn key restaurants
    APN
    78-51121
    APU
    7851121

    Description

    This 3,972 square foot former Steak 'n Shake restaurant presents a unique turnkey opportunity for restaurateurs in Toledo, Ohio. The property boasts a prime location on Monroe Street, a premier retail corridor, just one mile west of the expansive Franklin Park Mall (over 1,500,000 square feet). The building is currently vacant and features a fully equipped and furnished interior, ready for immediate occupancy. The restaurant's design includes seating for 88 patrons and a convenient drive-thru lane, catering to diverse customer preferences. Ample parking is available with 65 paved spaces, ensuring convenient access for diners. Excellent visibility is guaranteed with a large pylon sign at street level, enhancing brand recognition. Access is easy, facilitated by two curb cuts. The location benefits from strong demographics, with a population of 182,737 within a 5-mile radius, and high traffic counts of 26,756 vehicles per day. This property offers a compelling combination of location, existing infrastructure, and high visibility, making it an ideal investment for a new or expanding restaurant business. The property is located at 5395 Monroe St, Toledo, OH 43623.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $475,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $375,000
      Mixed-Use
      $350,000
      Hospitality
      $355,000
      Educational
      $410,000
      Residential Income
      $380,000
      Energy
      $375,000
      Income-Based Land
      $380,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6608
    Latitude
    41.7042
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,734
    $56,035
    $172,025
    $228,060
    -
    $160,100
    $491,500
    $651,600

    Comparable in this City

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      7,473 SF

      4990 Monroe St

      RESTAURANT • 7,473 SF
      4990 Monroe St, Toledo, OH 43623-3602
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    • Value Estimation
      $110,000
      0.18 Acres

      5818 Yarmouth Ave

      RESTAURANT • 0.18 Acres
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      $265,000
      1,176 SF

      4774 Monroe St

      RESTAURANT • 1,176 SF
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      View Details
    • Value Estimation
      $530,000
      8,526 SF

      5060 Monroe St

      RESTAURANT • 8,526 SF
      5060 Monroe St, Toledo, OH 43623-3604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,972 SF

      Restaurant with Drive-Thru For Sale

      Fully equipped restaurant with drive-thru, ample parking, and high visibility.
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    Similar Nearby for Lease

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      Retail space available in a highly visited shopping center.
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      Retail space available in a highly visited shopping center.
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      Retail Space on W Alexis

      Retail space available with strong visibility on a corner lot.
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    • $3,500 /Mo
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      Retail Space in West Toledo

      Retail space in established west Toledo corridor with high visibility.
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      Toledo Retail Center Investment

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    5395 Monroe St
    Toledo, OH 43623
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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
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