Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    752 S Monroe St Monroe, MI 48161

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,300 SF renovated office space with high street visibility.

    Property size:
    2,300 SF
    Lot size:
    0.50 Acres

    Property Features for 752 S Monroe St

    General Information

    Size
    2,300 SF
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Thomas Fritz
    Thomas Fritz
    Source: Moodyscre

    Listing Agent: Thomas Fritz

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

    Learn more

    Overview

    Renovated Office Space on Monroe

    This is a renovated 2,300 square foot office space offering visibility on Monroe Street. The property features natural light, five private offices, a reception area, and a bullpen. There are also two flex rooms that can be used for storage or other purposes. This property is suitable for businesses seeking a location.
    Location Intelligence

    Current Use by Public Records

    Arc Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4036661
    Latitude
    41.9099456

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      MI, Monroe - S Monroe St

      Discover many ways to work your way in San Antonio Airport
      428 Monroe St, Monroe, MI 48161
      View Details
    • New
      $4,300 /Mo
      5,166 SF

      Monroe Medical Office For Lease

      High-visibility medical office building in Monroe, Michigan available for lease.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • New
      $5,330 /Mo
      5,330 SF

      Monroe Medical Office For Lease

      High-visibility medical office building available for lease in Monroe, MI.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • New
      $4,300 /Mo
      5,166 SF

      Monroe Medical Office For Lease

      High-visibility medical office building available for lease in Monroe, MI.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • New
      $10 SF/Yr
      15,662 SF

      Monroe Medical Office For Lease

      High-visibility medical office building available for lease in Monroe, MI.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      2,500 SF

      Monroe Commercial Space For Lease

      High-visibility commercial space available in Monroe, Michigan.
      1319 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $2,000 /Mo
      3,900 SF

      Monroe Office Suites For Lease

      Office suites available for lease in a well-maintained commercial building.
      708 S Monroe St, Monroe, MI 48161
      View Details
    • New
      $14 SF/Yr
      3,400 SF

      Downtown Monroe Office Suite

      State-of-the-art 3,400 SF office space in downtown Monroe.
      123 W 1St St, Monroe, MI 48161
      View Details
    • $2,000 /Mo
      2,630 SF

      Turn-Key Professional Office Space

      2,600 sq ft professional office space available for lease.
      15502 S Telegraph Rd, Monroe, MI 48162
      View Details
    • $2,000 /Mo
      2,000 SF

      Spacious Office Building For Lease

      Office spaces available for lease in Monroe, Michigan.
      15384 S Dixie Dr, Monroe, MI 48161
      View Details
    • $4,000 /Mo
      4,500 SF

      Spacious Office Building in Monroe

      4500 sq ft office building for lease in Monroe, MI.
      15384 S Dixie Dr, Monroe, MI 48161
      View Details
    • $3,000 /Mo
      2,600 SF

      Monroe Office Space For Lease

      2600 SF office space with private offices and conference room.
      400 Detroit Ave, Monroe, MI 48162
      View Details

    FAQs

    What type of property is this?
    Office space - 2,300 SF renovated office space with high street visibility.
    Where is this office space located?
    The property is located at 752 S Monroe St Monroe, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Prime Monroe Street location with exceptional visibility.; - 2,300 SF of renovated, modern office space.; - Abundant natural light throughout the property.
    (734) 242-8484 Call to check price and availability
    Request Owner's contact information
    752 S Monroe St Monroe, MI 48161
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    752 S Monroe St
    Monroe, MI 48161
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    752 S Monroe St Monroe, MI 48161
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Fritz
    Thomas Fritz
    (734) 242-8484 (734) 654-0900 (734) 625-7100
    Learn more
    Google sign-in failed. Please try again or use another login method.