151 North Michigan Street

Highlights:

• Historic building: Originally built in 1897.
• Mixed-use potential: Retail/office conversion or redevelopment.
• On-site parking: The listing notes three included parking lots for tenants and visitors, which is a strong amenity in downtown position.
• - Prime location in downtown Toledo
• - 10,814 SF of versatile office space
• - Modern and well-maintained building
• - Close proximity to major transportation routes
• - High traffic visibility
• - Ample parking for tenants and visitors
• - Flexible floor plan for customization
• - Strong potential for rental income
• - Proximity to dining and retail amenities
• - Excellent investment opportunity

Description:

Why This Location is Strong for Your Marketing Purpose
1. Downtown placement: Being in downtown Toledo makes the property highly visible and accessible for both retail and office tenants, aligning with your marketing of the Davis Building for sale at ~$2.819 million and positioning it as a value-add asset.
Accessibility: The listing emphasizes “Excellent Access: Minutes from I-75, I-280, and major city thoroughfares, with nearby public transit options.” LoopNet This strengthens your tenant pitch (WS Designs, Bella Amore, Green Crow Plants, new Indian restaurant) and gives credibility to your cap-rate / NOI models since accessibility supports tenant stability.
2. Parking advantage: Downtown assets often struggle with parking; the property’s dedicated lots provide a leasing differentiator — helpful fact for your offering memorandum.
3.Historic character: Built in 1897 and preserved, this gives you a value-creation story: repositioning the asset with character in a revitalized downtown market.


Positioned on N. Michigan Street, with proximity to Monroe Street and Jefferson Avenue. Discover the potential of this prime office building location nestled in the vibrant heart of downtown Toledo, OH. The area surrounding the property is a hub for professional services, including legal and financial firms, offering an appealing environment for office investors. Just steps away, a diverse array of dining options awaits, from the elegant Registry Bistro to the trendy Manhattan's Pub 'n Cheer. Nearby, the Toledo Museum of Art and Fifth Third Field provide captivating cultural and entertainment experiences. With its prime positioning in this bustling urban center, the property presents an excellent opportunity for office investors seeking a well-connected and dynamic location in the 2850000 market.

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