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    39 S Monroe St Monroe, MI 48161

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    For Sale
    $450,000

    Established tavern in downtown Monroe with liquor license.

    Property size:
    7,000 SF
    Lot size:
    0.69 Acres

    Property Features for 39 S Monroe St

    General Information

    Size
    7,000 SF
    Lot size
    0.69 Acres

    Source: Miller Diversified Realty Agent Kyle Jurgenson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Monroe Tavern For Sale

    Located in the heart of the Downtown Monroe Business District, this property features classic tavern architectural elements, including a reception area and game room. The property has long-established name recognition and includes equipment, subject to some limitations. It has a Class C liquor license. The property offers potential for loft apartments. The building has a size of 7000 square feet and is also available for lease at $12.00 per square foot. It is suitable for use as a bar, restaurant, or retail property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    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.

    Similar Places Nearby

    Connection Records, Don Larson's Bar, Beek's Bar & Grill, 129 Lounge

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3974593
    Latitude
    41.9159183

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    FAQs

    What type of property is this?
    Bar - Established tavern in downtown Monroe with liquor license.
    Where is this bar located?
    The property is located at 39 S Monroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Liquor license - Class C; - In the heart of Downtown Monroe Business District; - Long established name recognition
    (419) 708-0835
    Request Owner's contact information
    39 S Monroe St 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
    39 S Monroe St Monroe, MI 48161
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