Contacts

Rami Sebai

SVN | Ascension Commercial Realty

Property Details

Property Type Retail - Street Retail
Property Size 24,656 SF
Lot Size 0.18 Acre
Property Tenancy Multi-Tenant
Building Class C
Year Built 1897
Year Renovated 2008
Date Updated Jun 10, 2026

Downtown Toledo, situated between the main branch of the Toledo Library and Hylant Insurance. Prime location for redevelopment. Within walking distance to many businesses and entertainment including Huntington Center, 5/3rd Field and the Glass City Center.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.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.

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Highlights

3 dedicated spaces in rear of building and ample street parking available
Basement: 6,139 storage space
First floor: available for lease, 1,569 SF vacant retail space with private entrance along Michigan St.
First floor: currently leased, 4,570 SF grab & go marketplace, restaurant, and seating area - also available for sale
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