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1502 Monroe St 5,624 SF of Retail Space Available in Toledo, OH 43604
HIGHLIGHTS
- 200' Frontage on Monroe St
- Located within an Opportunity Zone
- 2 curb cuts
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 5,624 SF | 15’ | Negotiable | $9.00 /SF/YR $0.75 /SF/MO $96.88 /m²/YR $8.07 /m²/MO $4,218 /MO $50,616 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Finished Ceilings: 15’
- 6 parking spaces
- Frontage on Monroe St
- Located in Downtown Toledo
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,624 SF | Year Built | 1917 |
| Property Type | Retail | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Auto Repair | Cross Streets | 15th st |
| Gross Leasable Area | 5,624 SF |
| Total Space Available | 5,624 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 5,624 SF |
| Year Built | 1917 |
| Parking Ratio | 1.07/1,000 SF |
| Cross Streets | 15th st |
ABOUT THE PROPERTY
1502 Monroe St. in Toledo, OH, offers a prime commercial opportunity with 5,624 square feet of versatile space. Featuring 200 feet of frontage on Monroe Street and two curb cuts, this property ensures excellent accessibility and visibility. Located within an Opportunity Zone, it presents significant tax benefits and growth potential. The building is equipped with an overhead door, ideal for logistical operations, and a showroom entryway, perfect for retail or customer service functions. This property is an excellent choice for businesses looking to capitalize on a strategic location in Toledo.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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1502 Monroe St
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