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    205 W Monroe St Bangor, MI 49013

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    For Sale
    $324,000

    Fully leased mixed-use building in Downtown Bangor with immediate cashflow.

    Lot size:
    0.10 Acres

    Property Features for 205 W Monroe St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1892

    Source: @properties Christie's International R.E. Agent Christina Castaneda

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

    Overview

    Turnkey Mixed-Use Investment Opportunity

    Located in the heart of Downtown Bangor, 205 W Monroe Street is a fully leased mixed-use property. The building features four residential apartments, all of which are currently leased, providing consistent rental income. The main commercial space is occupied by a restaurant tenant who has recently signed a 2-year lease. A coin-operated laundry facility is available for tenant convenience. The property includes an expansive basement, suitable for storage or potential future development. The property is situated in a visible, high-traffic area, surrounded by community charm and continued growth, offering long-term potential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.112558
    Latitude
    42.313253

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use building in Downtown Bangor with immediate cashflow.
    Where is this mixed-use property located?
    The property is located at 205 W Monroe St Bangor, MI.
    What is the asking price?
    The asking price for this property is $324,000.
    What are key features of this property?
    This property features: - Fully Leased: Immediate cash flow with zero vacancy.; - Prime Location: Heart of Downtown Bangor, high-traffic area.; - Mixed-Use: Commercial (restaurant) and residential (4 apartments) units.
    (513) 800-3591
    Request Owner's contact information
    205 W Monroe St Bangor, MI 49013
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    Bangor, MI 49013
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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
    205 W Monroe St Bangor, MI 49013
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