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5001 Monroe St Toledo, OH 43623

Large Retail Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional retail property, located at 5001 Monroe St, Toledo, OH 43623, presents a significant investment opportunity. The property encompasses a substantial 186,883 square feet, distributed across two stories (93,725 sq ft on the first floor and 93,158 sq ft on the second). This former department store is situated on a sizable 20.566-acre parcel within Franklin Park Mall, offering unparalleled visibility and accessibility. The property benefits from convenient access from all sides of the mall, maximizing exposure to the high volume of foot and vehicle traffic. A significant advantage is the two-level parking garage providing 302 parking spaces, directly accessible to both floors of the building. The property boasts approximately 1,286 feet of frontage along Tallmadge Rd, further enhanced by two traffic lights for optimal visibility and convenient access. The property's strategic location within Franklin Park Mall places it in close proximity to a diverse range of established national retailers, including Dick's Sporting Goods, Dillard's, JCPenney, Kohl's, Cinemark, Burlington, and Petco, creating a synergistic retail environment and attracting a substantial customer base. This presents a rare opportunity to acquire a large-scale retail space in a high-traffic, established shopping center.

Highlights

  • 186,883 SF two-story former department store available for sale at Franklin Park Mall, Toledo, OH.
  • First floor: 93,725 SF; Second floor: 93,158 SF.
  • 20.566-acre parcel with excellent mall access from all sides.
  • Two-level parking garage with 302 spaces, directly accessible to both floors.
  • Approximately 1,286 feet of frontage on Tallmadge Rd with two traffic signals.
  • Strong co-tenancy including Dick's Sporting Goods, Dillard's, JCPenney, Kohl's, Cinemark, Burlington, and Petco.

Property Details for 5001 Monroe St

Property type
Retail properties, Grocery and convenience stores
Square Feet
186,883 SF
Stories
2
Lot Size (sq. ft)
895,855 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.6941721
Longitude
-83.6394503

FAQs

What type of property is this?
Retail property - Large Retail Space, High Traffic Area
Where is the retail property located?
The property is located at 5001 Monroe St Toledo, OH.
What are key features of this property?
This property features: 186,883 SF two-story former department store available for sale at Franklin Park Mall, Toledo, OH.; First floor: 93,725 SF; Second floor: 93,158 SF.; 20.566-acre parcel with excellent mall access from all sides.
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5001 Monroe St
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