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    The Largest CRE Database in the US with Over 1 Million Listings

    235 Monument Rd East Tawas, MI 48730

    Sponsored
    For Sale
    $284,900

    Office Building,Service,Day Care Facility - East Tawas, MI

    Property size:
    2,335 SF
    Lot size:
    1.12 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 29 at 3:06 am

    Property Features for 235 Monument Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential,Commercial,Forest/Recreational
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Parking
    14
    Size
    2,335 SF
    Lot size
    1.12 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    LAURA KENDALL

    Tawas Sunshine Realty Co., Inc. (989) 362-3401

    Listing agent LAURA KENDALL (989) 362-3401

    Listing date Jan 6, 2026

    MLS# 1931383 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. 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

    Versatile Commercial Building with Income Potential

    This well-maintained commercial building presents a versatile income property with significant potential. Currently configured for two separate businesses, the right side of the building is leased and features a waiting area, reception area, two private rooms with a connecting door, and an additional room with a desk top area and shelving. The reception area includes a courtesy counter and a check-in counter. An enclosed entry provides shelter from inclement weather. This side also has a half bath, central air conditioning, and access to the second floor, which offers a private room, an open landing area, and knee wall storage. The private room on the second floor has a wall A/C unit. The left side of the building is currently vacant and set up to serve as a day care center, featuring a small kitchen area with a dishwasher and sink, and two half baths. A mini-split A/C unit serves this area. The entire building is connected to a 16KW Generac Generator, ensuring continuous operation during power outages. The property includes a large black-topped parking lot with 14 spaces. The property is located in East Tawas, MI, and the lot size is 1.12 acres with zoning that allows for residential, commercial, and forest/recreational uses. The building size is 2335 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alison Hollies, LMSW Mental Health Service Stepping Stones Monument ... Preschool

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Auto Parts Store

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

    Similar Places Nearby

    Stepping Stones Monument Road, Kid's First Learning Center

    Location Insight

    • Map
    • Local Demand
    City
    East Tawas
    County
    Iosco
    State
    Michigan
    Longitude
    -83.512343
    Latitude
    44.286863

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    FAQs

    What type of property is this?
    Day care center - Well-maintained commercial building suitable for office, service, or day care.
    Where is this day care center located?
    The property is located at 235 Monument Rd East Tawas, MI.
    What is the asking price?
    The asking price for this property is $284,900.
    What are key features of this property?
    This property features: - Income-generating potential as a commercial building with two separate business spaces, one currently leased.; - Equipped with a **16KW Generac Generator** ensuring business continuity.; - Large, **14-spot black-topped parking lot**.
    (989) 240-1877
    Request Owner's contact information
    235 Monument Rd East Tawas, MI 48730
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    East Tawas, MI 48730
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    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
    235 Monument Rd East Tawas, MI 48730
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    We can help!
    Listing Contact
    LAURA KENDALL
    (989) 240-1877
    Learn more
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