Property summary
This exceptional 11-story, Class B office building, located at 701 Adams Street in Toledo, Ohio, presents a unique investment opportunity. Boasting 200,900 square feet of space, this landmark building, constructed in 1976 (main building) and 1979 (annex), underwent renovations in 2001. The property sits on a 1.65-acre lot and is zoned for Downtown Commercial use. The main building (701 Adams Street) is currently fully vacant, offering significant potential for redevelopment or repositioning. An attached garage provides convenient parking. The adjacent annex building (711 Adams Street) is currently occupied. This prime location offers excellent visibility and accessibility, situated directly across Adams Street from the Lucas County Courthouse. Its central location places it within walking distance of numerous downtown restaurants and just two blocks from the downtown library. Furthermore, its proximity to I-75 (four blocks away) ensures easy access to major transportation routes. The efficient floor plates in the core of the main building, coupled with a conference center in the annex building, provide versatile options for future tenants. The property's size and location make it an ideal candidate for mixed-use conversion, capitalizing on the growing demand for diverse commercial spaces in the Toledo CBD.
Property profile
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Current use
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Insurance Agency
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
10-CD · Toledo, OHZoning
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