Office Properties for sale in Toledo, Ohio, offer a unique investment opportunity in a city strategically located on the western edge of Lake Erie. As the fourth-most populous city in Ohio, with a population of approximately 270,000, Toledo is a significant trade center for the Midwest, boasting the fifth-busiest port on the Great Lakes. Office Properties in Toledo can represent a variety of investments, from single-story buildings to multi-story complexes, each with its own unique characteristics and potential for growth. With amenities like the Toledo Area Regional Transit Authority (TARTA) for local bus service, Toledo Express Airport for air travel, and the Division of Water Treatment for providing water to the greater Toledo Metropolitan area, Office Properties in Toledo are well-positioned for success. Additionally, the city's strong healthcare sector, supported by ProMedica and Mercy Health - St. Vincent Medical Center, and its educational institutions, including the University of Toledo, make it an attractive location for businesses and professionals alike. Toledo's geography, with its proximity to major cities like Detroit, Cleveland, and Chicago, also makes it an ideal location for companies looking to establish a presence in the region.
With 28 Office Properties for sale in Toledo, investors have a range of options to choose from. In addition to Office Properties, Toledo also offers a variety of other commercial real estate options, including Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. For example, the city's downtown area has seen significant revitalization efforts, making it an attractive location for Commercial Real Estate investments. Meanwhile, Apartment Buildings in Toledo offer a steady stream of income for investors, with the city's strong educational institutions and healthcare sector driving demand for housing. Shopping Centers in Toledo, such as the Franklin Park Mall, provide a hub for retail activity, while Hotels, like the Renaissance Toledo Downtown Hotel, cater to the city's growing tourism industry. Whatever the investment goal, Toledo's diverse range of commercial real estate options has something to offer.
What is the average price per square foot for office properties in Toledo?
The average price per square foot for office properties in Toledo is $112 USD per square foot, with 28 available listings ranging in size from 15,160 square feet to 89,903 square feet, and an average cap rate of 7.55%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Toledo, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, suitable for a wide range of tenants, and are generally more affordable than Class A properties.
- Class C office properties are often older buildings with limited amenities, requiring renovation or redevelopment, and typically attract smaller or startup businesses.
