Former Bank Office-Retail
101 W Monroe Street Bangor, MI 49013
101 W Monroe Street, Bangor, MI, 49013
$199,000
For Sale
$199,000
Former bank includes a private office, kitchenette, and one bathroom with drive-thru access and front pylon signage.
Property Size1,088 SF
Price / SF$182.90
Days on Market74
Property Features for 101 W Monroe Street
General Information
- Standard status
- Active
- Size
- 1,088 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1976
Listing Agency
Kalamazoo Commercial Real Estate
(269) 888-2755
Listed by
Andrew J Gyorkos · License #6502406462
(269) 888-2755
Source
Carolbollo
Added: May 6 Checked: Jul 18 at 3:17 am
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 Kalamazoo Commercial Real Estate
Investment Insights
Based on property information with market context.
101 W Monroe Street offers a former bank space suited for office or retail use. The building’s functional layout includes one private office, a kitchenette, and one bathroom, along with drive-thru access. Out front, the property features pylon signage.
A municipal parking lot behind the building supports convenient off-street parking for visitors and customers. The Omni Credit Union ATM located behind the building will remain in place and is not included in the purchase.
A municipal parking lot behind the building supports convenient off-street parking for visitors and customers. The Omni Credit Union ATM located behind the building will remain in place and is not included in the purchase.
Key Highlights
- 1,088 SF former bank with functional office/retail layout in Downtown Bangor
- Includes one private office, kitchenette, and one bathroom
- Drive‑thru access and pylon signage out front
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.3k | $16.80 |
| − Vacancy | −$1.5k | −$1.38 |
| EGI | $16.8k | $15.42 |
| − OpEx | −$4.2k | −$3.86 |
| NOI | $12.6k | $11.57 |
1,088 SF · lease $16.80/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$179.8K
$157.3K – $209.8K
NOI $12,585 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$161.3K
$141.2K – $188.2K
NOI $11,294 @ 7.0% cap · market cap 5.68%
Theoretical Best
Multifamily LT 5
$13.45M
$11.77M – $15.70M
NOI $941,705 @ 7.0% cap · market cap 473.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
OMNI Community Credit ...
Credit Union
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Former bank includes a private office, kitchenette, and one bathroom with drive-thru access and front pylon signage.
Where is this bank located?
The property is located at 101 W Monroe Street Bangor, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,088 SF former bank with functional office/retail layout in Downtown Bangor; Includes one private office, kitchenette, and one bathroom; Drive‑thru access and pylon signage out front
