1180 N Monroe Street, Monroe, MI 48162
Single-story medical office building on 6.32-acre parcel for sale.
- Added:
- Oct 25, 2023
- Days on Market:
- 986
- Last Refresh:
- May 19 at 11:05 pm
Property Features for 1180 N Monroe Street
General Information
- Standard status
- Active
- Size
- 15,662 SF
- Lot size
- 6.32 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1995
Listing office Coldwell Banker Haynes R.E. in Monroe (734) 624-4923
Listing date Oct 25, 2023
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Haynes R.E. in Monroe
HighLights
- Large 15,662 SF single‑story medical office building
- Located on a sizable 6.32‑acre parcel
- Suitable for lease or sale
- Equipped with a wet‑pipe sprinkler system for fire protection
- Good condition with no apparent major structural or mechanical distress
- Ample parking provided on the south, east, and west elevations
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $276.3k | $17.64 |
| − Vacancy | −$44.2k | −$2.82 |
| EGI | $232.1k | $14.82 |
| − OpEx | −$58.0k | −$3.70 |
| NOI | $174.1k | $11.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Monroe
- State
- Michigan
- Longitude
- -83.4059
- Latitude
- 41.9068