5213 Monroe StToledo, OH 43623

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High-Traffic Shopping Center in Toledo, OH

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 543,378 square foot, single-story retail shopping center in Toledo, Ohio, presents a compelling investment opportunity. Comprised of ten buildings and 56 suites, this property boasts a prime location along the Monroe Street Corridor, a high-traffic area with over 5 million visits in the past year, ranking as the third most visited property within a 30-mile radius. The center offers a minimum divisible space of 630 square feet and a maximum contiguous space of 168,343 square feet, catering to a wide range of tenants. Currently, there are 14,469 square feet of vacant space available. The property benefits from excellent visibility and accessibility, situated just 1.9 miles from Route 23 (70,000 vehicles per day) and 2.0 miles from I-475 (71,000 vehicles per day). Ample parking is provided with 2,432 spaces. The property serves a robust 5-mile population of 197,892 residents with an average household income of $72,693. Toledo, a key economic hub in the Midwest, offers a dynamic market with a population exceeding 276,000 and a metropolitan area of over 600,000. The city's diverse economy encompasses healthcare, manufacturing, education, retail, and logistics, supported by major employers like Owens Corning, Dana Incorporated, and Libbey Inc., and the University of Toledo. This property's strategic location, high traffic volume, and substantial size make it an ideal investment for discerning buyers seeking a strong return in a thriving market. The property is located at 5213 Monroe St, Toledo, OH 43623, within Lucas County.

Highlights

  • Top 3 most visited property within 30-mile radius, exceeding 5 million visits annually.
  • 2,432 parking spaces available.
  • Highest traffic open-air shopping center within a 5-mile radius.
  • Strong tenant lineup including Fresh Thyme (anchor) and shadow anchors Target, Gabe's, Marshalls-HomeGoods, Hobby Lobby, and Golf Galaxy.
  • 543,378 square feet of gross leasable area (GLA).

Property Details for 5213 Monroe St

Property type
Lifestyle centers, Power centers
RSF (Rentable sq. ft)
543,378 SF
Buildings
10
Stories
1

Unit(s) available at that property

Space
Suite 21
Size
1,200 SF
Space
Suite 33
Size
2,400 SF
Space
Suite 5201-03
Size
2,400 SF
Space
Suite 5327B
Size
8,784 SF
Space
Suite 05
Size
2,160 SF
Space
Suite 10
Size
1,400 SF
Space
Suite 12
Size
3,549 SF
Space
Suite 16
Size
2,760 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.701533174671
Longitude
-83.651787161811
5213 Monroe St, Toledo, Ohio

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5213 Monroe St
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