5380 Monroe StToledo, OH 43623

Property Details for 5380 Monroe St

Year built

1985

Lot size

1.20 AC

Property size (Sq ft)

13,092 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Strip malls

APN

24-02147

APU

2402147

Description

This exceptional retail opportunity is located within a well-established neighborhood shopping center at 5380 Monroe St, Toledo, OH 43623, in Lucas County. The property, built in 1985, offers a total of 12,945 square feet across five suites, with a single-story design. Currently, 2,545 square feet of contiguous space is available, divisible to a minimum of 1,200 square feet. This presents a flexible solution for businesses seeking various sizes. The property sits on one acre of land and boasts ample parking with 62 spaces, ensuring convenient access for customers. The high visibility location on Monroe Street provides excellent exposure to a substantial daily traffic volume. The property's annual taxes are $3 per square foot. This prime retail space is ideal for businesses seeking a strong presence in a thriving Toledo neighborhood. The property's location within the Toledo submarket offers easy access to a diverse customer base. Don't miss this chance to establish your business in a well-maintained shopping center with excellent visibility and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $3,294,553

  6.5%

  $3,041,126

  7%

  $2,823,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,086,057

  Geo Method

  $3,086,057

• Alternative Use

  Use

  Valuation

  Residential

  $2,565,304

  Hospitality

  $2,349,804

  Educational

  $1,955,010

  Medical

  $2,022,245

  Retail

  $3,041,126

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.7044

Longitude

-83.6591

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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