Downtown Bangor Office/Retail
101 W Monroe Street Bangor, MI 49013
For Sale
$199,000
COMMERCIAL - Bangor, MI
Property Size1,088 SF
Lot Size0.05 Acres
Price / SF$182.90
Days on Market84
Property Features for 101 W Monroe Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Rooms
Bathroom 1
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
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
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) 888-2755
Added: May 6
Last Checked: Jul 28 at 3:06AM
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.
Located at 101 W Monroe Street in Downtown Bangor, this 1,088 square foot property presents an opportunity for office or retail use. Formerly a bank, the building features a functional layout that includes one private office, a kitchenette, and one bathroom. The property also offers drive-thru access and pylon signage. A municipal parking lot is located behind the building. Note that the Omni Credit Union ATM behind the building will remain in place and is not included in the purchase. The lot size is 0.05 acres.
Key Highlights
- Drive‑thru access
- Located in Downtown Bangor
- Functional 1,088 SF layout suitable for office or retail use
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Former bank building with drive-thru access and 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: Drive‑thru access; Located in Downtown Bangor; Functional 1,088 SF layout suitable for office or retail use
