405 Madison Avenue, Toledo, OH 43604 (MLS# 6027118)

405 Madison Avenue, Toledo, OH 43604

$9,600,000

Property Type: Commercial Sale Status: Closed

Current Price: $9,600,000 List Date: 3/01/2017 Last Modified: 10/14/2025

Overview

Description

For Comp. Only PNC building with many tenants including law firms, health care, etc. Good cash flow, attached parking garage owned by city, one of Toledo's signature landmark buildings in the thriving CBD. Join Promedica, the Mud Hens (good views at the baseball field from the South + East upper floors) + the Walleye in downtown's booming "comeback"

Listing Details MLS# 6027118

Listing Information

Property Sub Type: Office

Status Change Information

Status Change Timestamp: 2017-03-31
Purchase Contract Date: 2017-03-28
Close Date: 2017-03-31
Close Price: 9600000
Buyer Financing: Other

Address

Street Number: 405
Street Name: Madison
Street Suffix: Avenue
County: Lucas
State: OH
Postal Code: 43604
Parcel Number: 1153478

Contract

Named Exceptions YN: No
Original List Price: 10000000
Listing Contract Date: 2017-03-01
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 27.73
Sold Price/SqFt: 27.73

Interior

Building Area Total: 346136
Basement YN: Yes

Building

Year Built: 1929
Stories Total: 28

More Information

Remarks

Public Historical Remarks: Parking: 31+ Spaces, Ceiling Height: 11-15 Feet, Miscellaneous: 4+ Restrooms, Alarm,, Features Available: Doors 32+, Hallways 32+,
Public Remarks: For Comp. Only PNC building with many tenants including law firms, health care, etc. Good cash flow, attached parking garage owned by city, one of Toledo's signature landmark buildings in the thriving CBD. Join Promedica, the Mud Hens (good views at the baseball field from the South + East upper floors) + the Walleye in downtown's booming "comeback"

Tax & Legal

School District: Toledo
6 Months General Tax: 0
6 Months Special Assessment Tax: 177070
6 Months Total Tax: 177070
Zoning: COM
Directions: @Superior
Auction YN: No

Construction Materials

Brick: Yes
Stone: Yes

Cooling

Window Unit(s): Yes

Flooring

Concrete: Yes

Heating

Hot Water: Yes
Natural Gas: Yes
Radiator: Yes

Listing Terms

Cash: Yes
Contract: Yes
Conventional: Yes
Lease Purchase: Yes

Location of Property

Other: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Flat: Yes

Sewer

Sanitary Sewer: Yes
Storm Sewer: Yes

Special Listing Conditions

Corporate Owned: Yes

Water Heater

Gas: Yes

Water Source

Public: Yes

Income and Expenses

Net Operating Income: 0

Lease Term Options

12 Months: Yes
Renewal Option: Yes
Other: Yes

Owner Pays

Exterior Maintenance: Yes
Gas: Yes
Insurance: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Tenant Pays

Electricity: Yes

Building Features

Loading Dock(s): Yes

Business Type

Professional Service: Yes
Professional/Office: Yes

Licenses Required

State: Yes

Loading Details

Freight: Yes

Sale Includes

Building: Yes
Land: Yes

Documents

Drawing: Yes
Eq Lease: Yes
Legal: Yes

Property Features

Building Features: Loading Dock(s) Business Type: Professional Service; Professional/Office Construction Materials: Brick; Stone Cooling: Window Unit(s) Flooring: Concrete Heating: Hot Water; Natural Gas; Radiator Lease Term Options: 12 Months; Renewal Option; Other Licenses Required: State Listing Terms: Cash; Contract; Conventional; Lease Purchase Loading Details: Freight Location of Property: Other Owner Pays: Exterior Maintenance; Gas; Insurance; Repairs; Sewer; Taxes; Water Possession: Subject To Tenant Rights Roof: Flat Sale Includes: Building; Land Sewer: Sanitary Sewer; Storm Sewer Special Listing Conditions: Corporate Owned Tenant Pays: Electricity Water Heater: Gas Water Source: Public Documents: Drawing; Eq Lease; Legal

Listing Office: DiSalle Real Estate Co

Last Updated: October - 14 - 2025

Broker Attribution: 419-261-4010