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Property profile & analytics
OFF-MARKET
Commercial real estate

1000 Monroe St Monroe, MI 48161-3901

Entity Owned Free & Clear
Property ID
US43-4319894
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 12-020-362-99
UPID US43-4319894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • First Merchants Bank ATM Atm
  • Success Virtual Learning Centers of Michigan High School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
FIRST MERCHANTS BANK
FIRST MERCHANTS BANK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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