151 N. MICHIGAN AVENUE

Office for Sale
Catylist Listing ID: 30174534
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 80,000 SF
Gross Land Area: 1.58 Acres
Sale Price: $2,125,000
Unit Price: $26.56 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: The Davis Building & The Lustig Building
Usable Size (USF): 80,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2017

Overview / Comments

Rare opportunity to own nearly an entire city block in Downtown Toledo. Michigan Avenue feeds into I-75 South. Well maintained building with on-site manager. Separate utilities in most suites.

Attachments & Media

Additional Details

Nearest MSA: Toledo
County: Lucas
Tax ID/APN: 01143001
Zoning: CD – DOWNTOWN COMMERCIAL
Property Located Between: Between Monroe St. & Jefferson Ave.
Property Visibility: Good
Total Number of Buildings: 2
Number of Stories: 3
Year Built: 1897
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Exterior Walls: Brick Structural System: Brick & Block Roof: Rubber
Parking Type: Surface
Total Parking Spaces: 80
Passenger Elevators: 1
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Internet Access: Cable
Interior Description: Heating: Yes – Multiple units Air Conditioning: Central – Multiple units Power: Heavy power – multiple amperages; sub-metered
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,527 130,771 262,601
Median Age: 31.98 32.9 35.36
Households: 6,662 50,973 106,472
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