331 Huron St Toledo, OH 43604
This exceptional 5,290 square foot office building is located in the heart of Toledo's Central Business District, between the Huntington Center and the Government District. The property features two 2,645 square foot floors, each with multiple private offices, a kitchenette/lunchroom, reception area, conference room, and two restrooms. A 2,645 square foot basement provides ample storage. Benefitting from a 30-year Tax Incremental Financing (TIF) agreement approved in 2023, offering a partial real estate tax exemption, this single-tenant property presents a unique investment opportunity. Its central location offers easy access to amenities and is situated near significant ongoing redevelopment projects, including the planned conversion of the former Madison Avenue Fifth Third Office Tower into a residential building with 152 units and 5 retail spaces, and the historic renovation of the Spitzer Building, representing a combined $190 million investment. The building is internally connected to 333 N Huron St, offering potential for expansion. This property is ideally suited for a business seeking a prominent downtown location with significant tax advantages.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
10-CD · Toledo, OHToledo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.