Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1180 N Monroe St Monroe, MI 48162

    Sponsored
    For Lease
    $4,300 /Mo ($9 SF/Yr)

    Commercial/Industrial - Monroe, MI

    Property size:
    5,166 SF
    Lot size:
    6.32 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 20 at 11:06 pm

    Property Features for 1180 N Monroe St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    580735301300
    Interior features
    3 Phase Power, Public Restrooms, Reception Area, Restroom(s), Showroom, Sprinkler System
    Size
    5,166 SF
    Lot size
    6.32 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Architectural style
    Other

    We can help!

    Listing Contact
    Cole McNew

    Coldwell Banker Haynes Real Estate, Inc. (734) 242-8484

    Listing agent Cole McNew (734) 242-8484 License #6501447424

    Listing date Feb 20, 2026

    MLS# 50199886 Listing URL

    Copyright © 2026 Southeastern Border Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Monroe Medical Office For Lease

    Located in a high-visibility corridor on N. Monroe Street near Cole Road in Monroe, Michigan, this former optical surgery center is available for lease. The well-maintained, single-story medical office building offers approximately 5,166 square feet of space, situated on a 6.32-acre parcel. Constructed in two phases (1995 & 2007), the property features quality construction with a brick and vinyl exterior, slab-on-grade foundation, and wood framing. The rectangular floor plan is suitable for medical, dental, therapy, or professional office users. The building is equipped with a sprinkler system, 208/120V 3-phase electrical service, natural gas furnaces, split HVAC systems, and gas water heaters. Ample paved parking surrounds the building, with convenient ingress and egress from N. Monroe Street. The property is in good condition, showing only minor wear consistent with its age. The available unit is the Far East unit (Suite C).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robbin Wagener, OD Physician Susan Hilborn Mccutcheon Physician Chinavare Brian W ... Ophthalmologist Mandar Joshi, MD Ophthalmologist Reed Vision Associates: ... Ophthalmologist

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.40594
    Latitude
    41.90676

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      MI, Monroe - S Monroe St

      Discover many ways to work your way in San Antonio Airport
      428 Monroe St, Monroe, MI 48161
      View Details
    • New
      $5,330 /Mo
      5,330 SF

      Monroe Medical Office For Lease

      High-visibility medical office building available for lease in Monroe, MI.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • New
      $4,300 /Mo
      5,166 SF

      Monroe Medical Office For Lease

      High-visibility medical office building available for lease in Monroe, MI.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • New
      $10 SF/Yr
      15,662 SF

      Monroe Medical Office For Lease

      High-visibility medical office building available for lease in Monroe, MI.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      2,500 SF

      Monroe Commercial Space For Lease

      High-visibility commercial space available in Monroe, Michigan.
      1319 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $2,000 /Mo
      3,900 SF

      Monroe Office Suites For Lease

      Office suites available for lease in a well-maintained commercial building.
      708 S Monroe St, Monroe, MI 48161
      View Details
    • New
      $14 SF/Yr
      3,400 SF

      Downtown Monroe Office Suite

      State-of-the-art 3,400 SF office space in downtown Monroe.
      123 W 1St St, Monroe, MI 48161
      View Details
    • $2,000 /Mo
      2,630 SF

      Turn-Key Professional Office Space

      2,600 sq ft professional office space available for lease.
      15502 S Telegraph Rd, Monroe, MI 48162
      View Details
    • $2,000 /Mo
      2,000 SF

      Spacious Office Building For Lease

      Office spaces available for lease in Monroe, Michigan.
      15384 S Dixie Dr, Monroe, MI 48161
      View Details
    • $4,000 /Mo
      4,500 SF

      Spacious Office Building in Monroe

      4500 sq ft office building for lease in Monroe, MI.
      15384 S Dixie Dr, Monroe, MI 48161
      View Details
    • $3,000 /Mo
      2,600 SF

      Monroe Office Space For Lease

      2600 SF office space with private offices and conference room.
      400 Detroit Ave, Monroe, MI 48162
      View Details
    • $16 SF/Yr
      1,263 SF

      Monroe Retail/Office Space Available

      Retail or office space for lease in Hampton Plaza.
      1287 N Telegraph Rd, Monroe, MI 48162
      View Details

    FAQs

    What type of property is this?
    Medical office - High-visibility medical office building in Monroe, Michigan available for lease.
    Where is this medical office located?
    The property is located at 1180 N Monroe St Monroe, MI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on N. Monroe Street near Cole Road.; - Large 15,662 SF single-story building on a 6.32-acre parcel.; - Ideal for medical, dental, therapy, or professional office users.
    (734) 624-4923
    Request Owner's contact information
    1180 N Monroe St Monroe, MI 48162
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1180 N Monroe St
    Monroe, MI 48162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1180 N Monroe St Monroe, MI 48162
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cole McNew
    Real Estate License ID: 6501447424
    (734) 624-4923 (734) 242-8484 (734) 345-2999
    Learn more
    Google sign-in failed. Please try again or use another login method.