901 Madison Ave, Toledo, OH for sale

Investment Overview

24,656 SF building comprised of first floor retail/restaurant and second/third floor shell space available for sale in Downtown Toledo. Highly visible and situated on the corner of Michigan St and Madison Ave between the main branch of the Toledo Library and Hylant Insurance. Within walking distance to many businesses and entertainment including Huntington Center, 5/3rd Field and the Glass City Center. Downtown commercial zoning creates an excellent opportunity as a value-add investment. Located within the Toledo Opportunity Zone, offering potential federal tax advantages for investors. Fun Fact: This original 1950s photo shows the building when it operated as a drug mart and hotel.

Investment Highlights

• First floor: available for lease, 4,570 SF grab & go marketplace, restaurant, and seating area
• First floor: available for lease, 1,569 SF vacant retail space with private entrance along Michigan St.
• Second & third floor: shell space with roughed in plumbing and electrical, has excellent potential for redevelopment into residential -- architectural test fit floor plans for apartments on file
• Basement: 6,139 storage space
• 3 dedicated spaces in rear of building and ample street parking available