523 Monroe StToledo, OH 43604

Property Details for 523 Monroe St

Year built

1897

Lot size

0.11 AC

Property size (Sq ft)

12,240 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6492

Longitude

-83.5384

FAQs

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