Office Unit with
For Sale
$199,000
101 W Monroe Street, Bangor, MI 49013
Commercial Sale, Bangor, MI
Property Size1,088 SF
Lot Size0.05 Acres
Price / SF$182.90
Days on Market153
Property Features for 101 W Monroe Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Bangor
Middle school district
Bangor
High school district
Bangor
Standard status
Active
APN
80-54-602-001-00
Size
1,088 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
On file.
Tax Annual Amount
5826
Legal Description
On file.
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Amenities
private office
kitchenette
bathroom
drive-thru access
pylon signage
municipal parking lot
Building Details
Year built
1976
Floors in Building
1
Number of units
1
Listing Agency:
Kalamazoo Commercial Real Estate
(269) 888-2755
Listed By:
Andrew J Gyorkos · License #6502406462
(269) 760-5201
Added: May 6
Changed: Sep 7
Last Checked: Oct 5 at 10:06PM
MLS# 26020164
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,088-square-foot commercial building is configured for office or retail use and dates to 1976. The interior includes one private office, a kitchenette, and one bathroom, supported by forced-air heating. Drive-through access adds a practical feature for a range of customer-facing or service-oriented operations.
The property is located at 101 W Monroe Street in Downtown Bangor, Michigan, with a municipal parking lot positioned behind the building. Exterior pylon signage provides an additional identification feature along the property frontage. Natural gas is available. An Omni Credit Union ATM located behind the building will remain and is excluded from the sale.
The property is located at 101 W Monroe Street in Downtown Bangor, Michigan, with a municipal parking lot positioned behind the building. Exterior pylon signage provides an additional identification feature along the property frontage. Natural gas is available. An Omni Credit Union ATM located behind the building will remain and is excluded from the sale.
Key Highlights
- 1,088 SF building with office or retail use potential
- One private office, kitchenette, and one bathroom
- Drive‑through access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,585
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,700
$251.7K
Cap Rate 7%
$179,786
$179.8K
Cap Rate 9%
$139,833
$139.8K
Market Conditions
NOI Build-Up for 1,088 SF
Gross rent
$18.3K $16.80/SF
− Vacancy
−$1.5K −$1.38/SF
EGI
$16.8K $15.42/SF
− OpEx
−$4.2K −$3.86/SF
NOI
$12.6K $11.57/SF
Area
Van Buren County, MI
Vacancy
8.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,700
Cap Rate 7%
$179,786
Cap Rate 9%
$139,833
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 49013, MI
5,175
Population
2,045
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
57.0 sq mi
ZIP Area
91
Density / Sq Mi
$58,264
Median Household Income
$33,589
Median Earnings
$757
Median Rent
$140,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial layout with a private office, kitchenette, bathroom, and exterior pylon signage.
Where is this office units 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 building with office or retail use potential; One private office, kitchenette, and one bathroom; Drive‑through access
