Two-Story Downtown Storefront
100 Main Street S, Monroe, NC 28112
For Sale
New
$519,950
Two ground-floor storefronts are leased, with the upper level suited for potential office or residential build-out.
Property Size1,900 SF
Price / SF$288.86
Days on Market2
Property Features for 100 Main Street S
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Amenities
Dimensions: 60x35, Corner Lot
Rubber
Public Sewer
Additional parcels description:, Parcel Number: 09-232-086A, Assessed Value: $411,300
Vinyl
Gross Income: $34,200, Gross ScheduledIncome: $2,850
Heat Pump
Listing ID: CAR4440817, Standard Status: Coming Soon, MLS Status: Coming Soon-No Show, Property Subtype: Retail, Special Conditions: Subject to Lease
On Street
Display Window(s), Insulated Window(s)
Built in 1900, Living area: 1800, 1 building
County/Parish: Union
City
2 total bathrooms
Electricity Connected, Water Source: City
Crawl Space
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Two or More Access Exits
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
J Kerr and Co LLC
(704) 283-3911
Listed By:
James Kerr · License #162467
(704) 242-4110
Source:
Blackstreaminternational
Added: Nov 6
Last Checked: Nov 6 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J Kerr and Co LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story masonry storefront building has two leased units on the main floor and an upper level that could be adapted for office or residential use. The property contains 1,800 square feet and dates to 1900. Improvements include a new EPDM roof and decking in 2024, replacement upper-floor windows in 2023, and new electrical service, HVAC systems, and ductwork for both ground-floor units in 2024.
At 100, 102, and 104 South Main Street, the building sits in Monroe’s Downtown Business District, near the Dowd Center Theater, restaurants, shopping, parks, and greenways. The city’s downtown office can provide information about the area’s master plan and incentives.
At 100, 102, and 104 South Main Street, the building sits in Monroe’s Downtown Business District, near the Dowd Center Theater, restaurants, shopping, parks, and greenways. The city’s downtown office can provide information about the area’s master plan and incentives.
Key Highlights
- Two leased storefronts on the main floor
- Upper level offers potential office or residential use
- 1,800 square feet in a two‑story masonry building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,098
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,960
$442.0K
Cap Rate 7%
$315,686
$315.7K
Cap Rate 9%
$245,533
$245.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$34.1K $18.96/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$31.6K $17.54/SF
− OpEx
−$9.5K −$5.26/SF
NOI
$22.1K $12.28/SF
Area
Union County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,960
Cap Rate 7%
$315,686
Cap Rate 9%
$245,533
Alternative Uses
Best Use
Retail
$315.7K
$276.2K – $368.3K
NOI $22,098 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.0K
$486.5K – $648.7K
NOI $38,919 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
4,518 visits/mo
0.3 miles
Mavis Discount Tire
Shops & Services
800 visits/mo
0.5 miles
Demographics for 28112, NC
27,126
Population
11,021
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
85%
High-School Grad
132.1 sq mi
ZIP Area
205
Density / Sq Mi
$74,853
Median Household Income
$42,046
Median Earnings
$1,124
Median Rent
$272,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- The Petal Shoppe of Monroe, Inc. — 200 S Main St, Monroe, NC 28112
- Monroe Florist & Gifts — 204 N Hayne St, Monroe, NC 28112
Frequently Asked Questions
What type of property is this?
Storefront property - Two ground-floor storefronts are leased, with the upper level suited for potential office or residential build-out.
Where is this storefront property located?
The property is located at 100 Main Street S Monroe, NC.
What is the asking price?
The asking price for this property is $519,950.
What are key features of this property?
This property features: Two leased storefronts on the main floor; Upper level offers potential office or residential use; 1,800 square feet in a two‑story masonry building
