For Sale
$695,000

1102 Monroe StToledo, OH 43604

High-return industrial investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Toledo investment opportunity comprises two adjacent buildings totaling approximately 16,480 square feet on a combined 0.7-acre lot boasting 200 feet of frontage on Monroe Street. Building 1, located at 1102 Monroe Street, is a 6,480-square-foot freestanding warehouse constructed in 1902. It features 10-12 foot ceilings, two restrooms, two overhead doors (10'x10' and 10'x12'), and is currently leased. This building sits on a 0.24-acre lot with 100 feet of frontage and is zoned IL-Limited Industrial. Annual property taxes are $3,720.34, and the Parcel/APN number is 1218147. Building 2, at 1112 Monroe Street, offers a 10,000-square-foot, two-story building with a 2,800-square-foot warehouse addition, constructed in 1923 and 1949. This building includes a freight elevator, a large paved and fenced lot, and multiple overhead doors (one 8'x10' and eight 10'x10'). It features 10-12 foot ceilings and one restroom. Currently leased, this property is zoned CR-Regional Commercial, sits on a 0.46-acre lot with 100 feet of frontage, and has annual property taxes of $3,535.90. The Parcel/APN number is 1218804. Both buildings offer significant potential for future development or continued income generation. The combined asking price for this prime Toledo property is $695,000.

Highlights

  • Two adjacent industrial/retail buildings totaling approximately 16,480 square feet on a 0.7-acre lot with 200 feet of frontage on Monroe Street.
  • Building 1 (1102 Monroe St): 6,480 square feet, leased to Mr. Light Bulb, features two overhead doors, 10-12 foot clear ceiling height, two restrooms, and IL-Limited Industrial zoning.
  • Building 2 (1112 Monroe St): 12,800 square feet (10,000 SF two-story building plus 2,800 SF warehouse), leased to Federated Auto Parts; includes a freight elevator, paved and fenced lot, multiple overhead doors, 10-12 foot clear ceiling height, one restroom, and CR-Regional Commercial zoning.
  • Building 1: 0.24 acres, 100-foot lot frontage, built in 1902, $3,720.34 annual property taxes, Parcel/APN 1218147.
  • Building 2: 0.46 acres, 100-foot lot frontage, built in 1923 & 1949, $3,535.90 annual property taxes, Parcel/APN 1218804.

Property Details for 1102 Monroe St

Property type
Warehouses, Retail properties
Square Feet
6,480 SF
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.6521727
Longitude
-83.5436595
1102 Monroe St, Toledo, Ohio

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1102 Monroe St
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