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    1000 Monroe St Monroe, MI 48161

    Sponsored
    For Sale
    $650,000

    Freestanding building, high traffic, long-term lease.

    Property size:
    4,285 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 4,285 square foot freestanding industrial building presents a unique investment opportunity in Monroe, MI. Situated on a 0.3-acre lot, the property boasts high visibility due to its prime location adjacent to a bustling Kroger shopping center, ensuring significant foot and vehicle traffic. The building currently features a long-term lease with an established online tutoring center occupying the first floor. Adding to its versatility, the property includes six rear garages, offering an additional 250 square feet of space each, potentially suitable for storage, workshops, or additional rental income. The high-traffic location and existing lease provide immediate cash flow, making this an attractive proposition for investors seeking a stable and potentially lucrative return. The building's size and configuration offer flexibility for a variety of uses, making it an ideal investment for both established businesses and entrepreneurs. The combination of a strong tenant, prime location, and additional garage space makes this a truly exceptional opportunity in the Monroe commercial real estate market. Serious inquiries are encouraged.

    Property Features for 1000 Monroe St

    General Information

    Property type
    Industrial properties
    Square Feet
    4,285 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    First Merchants Bank ... Atm Success Virtual Learning ... High School

    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
    -83.40512
    Latitude
    41.90915

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    FAQs

    What type of property is this?
    Industrial property - Freestanding building, high traffic, long-term lease.
    Where is this industrial property located?
    The property is located at 1000 Monroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    (248) 419-3999
    Request Owner's contact information
    1000 Monroe St Monroe, MI 48161
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    Monroe, MI 48161
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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
    1000 Monroe St Monroe, MI 48161
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