610 Monroe St
For Sale | Five-Story, 36,000 SF, Mixed-use Building in The Heart of Downtown Toledo
Marketing description
Five-story, 36,000 SF, fully sprinklered, mixed-use building in the heart of downtown Toledo's central business district for sale. Built in 1910 with original wood floors throughout, the property retains its historic character while delivering modern functionality on the lower levels. Located inClose proximity to restaurants and entertainment venues, including Fifth Third Field, Huntington Center, Valentine Theatre and Promenade Park.
The first and second floors are leased to All American Tap House, a 10,000 SF bar and restaurant operating under a five-year modified gross lease with renewal options and annual rent escalations. Both floors have been fully renovated, the first in 2010 and the second in 2024, with combined seating capacity for 380 guests.
Floors three through five are unimproved, presenting a clean canvas for redevelopment. Renderings and drawings are for 12 apartments, four per floor, configured as two-bedroom, one bath units with in-unit laundry and separate utility metering. An elevator already runs from basement to fifth floor, and sprinklers are installed on every level.
Investment highlights
- 36,000 SF commercial building spanning five floors plus full basement for sale
- Real estate only, business not included; Financials available upon request
- Zoned 10-CD, City of Toledo
- Sprinklered throughout, ADA accessible, elevator served
- Floors 3-5 offer a prime residential redevelopment opportunity with the potential for 12 additional apartment units, Development plans can be found in OM, full plans available upon request.
- Located on Monroe Street within a dora district, Tax incentives available
- Monroe Street VPD: 8,001 (25)
- N Erie Street VPD: 8,807 (25)
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