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    118 Cole Rd Monroe, MI 48162

    For Sale
    $99,900

    Commercial/Industrial - Monroe, MI

    Property size:
    1,023 SF
    Lot size:
    2.31 Acres
    Days on Market:
    278
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 118 Cole Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    70-985-011-00
    Interior features
    Fixtures, Pole Sign, Reception Area, Restroom(s)
    Size
    1,023 SF
    Lot size
    2.31 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Coldwell Banker Haynes Real Estate, Inc. (734) 242-8484 [email protected]

    Listing agent Cole McNew (734) 242-8484 License #6501447424

    Listing date Mar 3, 2025

    MLS# 50165470 Listing URL

    Copyright © 2025 Monroe County 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.

    Overview

    Move-in Ready Medical Office Condo

    Located within a medical condominium village, this 1,023 square foot unit is suitable for medical use. The space benefits from natural light and includes three private offices or rooms, a spacious waiting area, and ample storage. An additional basement provides extra space. The unit has been recently updated with newer carpet and is move-in ready. The property is located in Monroe, MI, within Monroe County, and is zoned commercial. The lot size is 2.31 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lutheran Social Services ... Social Services Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.374141
    Latitude
    41.9395166

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    FAQs

    What type of property is this?
    Medical office - Updated 1,023 SF medical condo in thriving Monroe village.
    Where is this medical office located?
    The property is located at 118 Cole Rd Monroe, MI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Located in a thriving medical condominium village, ideal for medical practices; - Move-in ready with newer carpet and recent updates; - 1,023 SF unit with **three private offices/rooms**
    (734) 242-8484
    Request Owner's contact information
    118 Cole Rd Monroe, MI 48162
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    Monroe, MI 48162
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    Realmo Value Estimation

    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.

    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.

    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
    118 Cole Rd Monroe, MI 48162
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