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    156 S 5Th St Monroe, OR 97456

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    For Sale
    $460,000

    Unique building in downtown Monroe with multiple potential uses.

    Property size:
    3,400 SF
    Lot size:
    0.17 Acres

    Property Features for 156 S 5Th St

    General Information

    Size
    3,400 SF
    Lot size
    0.17 Acres

    Source: RE/MAX Northwest Realtors Agent Frank Houser

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

    Overview

    Downtown Monroe Retail Opportunity

    This unique 3,400 square foot building in downtown Monroe, Oregon, presents a value-add opportunity. The property has undergone several updates and features separate meters. It is suitable for various uses, including a restaurant, wine bar, or owner-occupied space with rental units above. The property offers multiple possibilities for potential business ventures.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Benton
    State
    Oregon
    Longitude
    -123.297714
    Latitude
    44.316143

    Nearby Similar for Sale

    • $900,000
      14,850 SF

      Prime Monroe Commercial Property

      Versatile Warehouse & Office Space
      24716 Territorial Hwy, Monroe, OR 97456
      View Details

    FAQs

    What type of property is this?
    Storefront property - Unique building in downtown Monroe with multiple potential uses.
    Where is this storefront property located?
    The property is located at 156 S 5Th St Monroe, OR.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Downtown Monroe, Oregon location; - Value-add opportunity; - Separate meters
    (360) 357-3336
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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
    156 S 5Th St Monroe, OR 97456
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