You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Turn key restaurants

5395 Monroe St Toledo, OH 43623

3,720 SF 1.26 ac lot Built 1999
Entity Owned ~ Est. High Equity
Property ID
US66-0251393
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Total area 3,720 SF
Lot 1.26 ac (55,013 SF)
Zoning code 20-MX
APN 78-51121
UPID US66-0251393
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$602k
Blend (final) Blend
$560k
Owner & transaction history
Haidous Brothers Toledo LLC
Haidous Brothers Toledo LLC
since 2025
Last sale
$775,000
2 recorded transactions
2025
$775,000
2018
Price N/A
Zoning & alternative use
20-MX · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $890,000 +51.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message