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Monroe Professional Building

$2,721,513

5580 Monroe, Sylvania, OH 43560

Active
Last Updated: 02/19/2026

9.25

Cap Rate

251,740.1

NOI

Details:
Cap Rate:    9.25%
NOI:    $251,740.10
Building Size:    30,596 sqft
Lot Area:    2.39 acres
Occupancy:    100%
Class:    B
Year Built:    1987
Floors:    2
Highlights:
  • Multi-Tenant Office Building | Fully Occupied | Minimal Landlord Responsibilities
  • Located on Monroe Street with Over 24,000 VPD reported | Plenty of Parking on Surface Lot with Curb Cut
  • Directly located in the main Thuroughfare of Toledo, OH with all major retailers, restaurants, and attractions in the immediate area
  • National Retailers Nearby Include: Kroger, Target, Aldi, Hobby Lobby, PetSmart, Golf Galaxy, Marshalls, TJ Maxx, The Franklin Park Mall and More
  • Well maintained property with large parking area and recently renovated interior spaces
  • GBQ Currently Occupies The Entire Second Level | A Regional Accounting Firm With a Presence In Other Midwest Metropolitan Markets Including Columbus, Cincinnati, and Indianapolis
Description:

Well Located Office Building with Class A Finishes! 5580 Monroe Street is a 30,596 Square Foot Office Building that is 100% Occupied by a mix of service based office users including attorneys, developers, and an Accounting firm occupying 45% of the building. All tenants have renewed multiple times, including a large investment in their own space by GBQ.

Toledo is a city located in northwestern Ohio, just south of the Michigan border. Situated on the western end of Lake Erie, the city serves as the
county seat of Lucas County. Toledo is located near the intersection of three major Interstate highways: I-80, I-90, and I-75. Two other interstate
(I-280 and I-475) run through the city, which are serviced by U.S. Routes 20 and 24 and Ohio State Highways 2 and 65. The city is home to the
University of Toledo, one of the state's largest institutes of higher learning.
Toledo is the proud home of the Toledo Mud Hens, a classic Triple-A minor league professional baseball affiliated with Major League Baseball's
Detroit Tigers. Numerous cultural and recreational opportunities are available in Toledo. The world-renowned Toledo Museum of Art is home to
the nationally recognized Glass Pavilion, a beautiful structure housing a priceless collection of glass art. Several large glass companies have their
origins here. Owens-Illinois, Owens Corning, Libbey Incorporated, Pilkington North America, and Therma-Tru have long been staples of Toledo's
economy. Other offshoots and spinoffs of these companies also continue to play important roles in Toledo's economy.

Map:
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