Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    905 N Macomb St Monroe, MI 48162

    View on Map
    Sponsored
    For Lease
    $1,500 /Mo ($15 SF/Yr)

    Commercial/Industrial - Monroe, MI

    Property size:
    1,150 SF
    Lot size:
    0.93 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 26 at 8:06 am

    Property Features for 905 N Macomb St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    55-69-01231-003
    Interior features
    Restroom(s), Sidewalks
    Size
    1,150 SF
    Lot size
    0.93 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Tom Fritz
    Tom Fritz

    Coldwell Banker Haynes Real Estate, Inc.

    Listing agent Tom Fritz License #6501316758

    Listing date Mar 19, 2026

    MLS# 50202052 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

    Medical Suite Near Promedica Hospital

    This 1150-square-foot suite is located in a Professional Medical Complex and is available for lease. The property benefits from excellent visibility and a prime location directly opposite Promedica Hospital, surrounded by various medical facilities. The suite's layout includes a reception area, a comfortable waiting room, one office, and three examination rooms. Ample parking is available for tenants and visitors. The suite also features a private restroom, with shared common area lavatories available as well. The property is zoned for commercial use. The tenant is responsible for utilities under a modified gross lease. The tenant does not share in the property taxes, insurance, or maintenance. The property is located in Monroe, MI, in Monroe County. The lot size is 0.93 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hiras Pharmacy Pharmacy Mark A Snider Md Pediatrician Mercy Memorial Family ... Medical Clinic Monroe Urology Associates Medical Clinic Dr. Cornelio Naguit Geriatric Care Provider

    Suggested Use

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

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

    Similar Places Nearby

    River Raisin Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.388598
    Latitude
    41.927166

    Nearby Similar for Lease

    • $15 SF/Yr
      2,500 SF

      Retail Space in Hampton Plaza

      Neighborhood shopping center with versatile spaces for various businesses.
      1319 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      800 SF

      Retail Space in Hampton Plaza

      Neighborhood shopping center with versatile spaces in Monroe, Michigan.
      1339 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $16 SF/Yr
      4,830 SF

      Retail Space in Hampton Plaza

      Highly visible shopping center with versatile spaces for lease.
      1267 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $17 SF/Yr
      800 SF

      Retail Space in Hampton Plaza

      Neighborhood shopping center with versatile spaces for lease.
      1343 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $16 SF/Yr
      1,263 SF

      Retail Space in Hampton Plaza

      Neighborhood shopping center with versatile spaces for rent.
      1287 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $4,300 /Mo
      5,166 SF

      Monroe Medical Office For Lease

      High-visibility medical office building in Monroe, Michigan available for lease.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • $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
    • $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
    • $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
    • $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
      1,600 SF

      Retail Space in Hampton Plaza

      Highly visible shopping center with versatile suite sizes available for lease.
      1331 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      2,980 SF

      Retail Space in Hampton Plaza

      Neighborhood shopping center with versatile spaces and high visibility.
      1325 N Telegraph Rd, Monroe, MI 48162
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 1150 SF medical suite with reception, office, and exam rooms.
    Where is this medical office space located?
    The property is located at 905 N Macomb St Monroe, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime location directly opposite Promedica Hospital.; - Spacious 1150-square-foot suite.; - Includes a reception area, waiting room, one office, and three examination rooms.
    (734) 625-7100
    Request Owner's contact information
    905 N Macomb 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.
    905 N Macomb 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
    905 N Macomb 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
    Tom Fritz
    Tom Fritz
    Real Estate License ID: 6501316758
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!