151 North Michigan Street

Property 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.

Investment Highlights