For Sale
$1,975,000

523 Monroe StToledo, OH 43604

Prime Downtown Location, 12,240 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional three-story commercial building, located at 523 Monroe St in Toledo, Ohio, presents a unique investment opportunity. Boasting 12,240 square feet, this property is ideally situated in the heart of Toledo's entertainment district, directly adjacent to Fifth Third Field. Built in 1897 and extensively renovated in 2008, the building features a fully fixtured restaurant space with two bar areas and available outdoor seating. The property includes a 3,200 square foot unfinished third floor, offering significant expansion potential. The building sits on a 0.111-acre lot (60' x 80') and benefits from street and public parking. Interior features include ceramic tile, vinyl, and wood flooring, 14-foot ceilings (varying heights), a 3,200 square foot basement, gas forced air heating, central air conditioning, and a 1200-amp power supply. The building is equipped with a security system (fire and police), sprinklers, and prominent fascia signage. The permitted zoning is CD Downtown Comm. This turnkey operation is ready for a new owner to capitalize on its prime location and existing infrastructure. Fixtures and equipment are available separately. The asking price is $1,975,000. This property offers a rare blend of established commercial space and significant upside potential in a vibrant, high-traffic area.

Highlights

  • Adjacent to Fifth Third Field.
  • Prime location in Toledo's entertainment district.
  • Minutes from Glass City Center, Huntington Center, and hotels.
  • Fully equipped restaurant with two bars and outdoor seating.
  • Fixtures and equipment available separately.
  • 3,200 sq ft unfinished third floor for expansion.

Property Details for 523 Monroe St

Property type
Retail properties, Restaurants
Square Feet
12,240 SF
Year Built/Renovated
1897/2008
Stories
3
Lot Size (sq. ft)
4,835 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.6491791
Longitude
-83.5384285
523 Monroe St, Toledo, Ohio

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523 Monroe St
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