Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1408 SECOND STREET Monroe, LA 71202

    View on Map
    Claim this Listing
    For Sale
    $47,500

    Multiple Uses - Monroe, LA

    Added:
    Jan 5, 2026
    Days on Market:
    120
    Last Refresh:
    May 5 at 1:06 pm

    Property Features for 1408 SECOND STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Kitchen, Laundry
    Interior features
    Showroom
    Standard status
    Active
    APN
    59554

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Flooring type
    Concrete, Wood
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    We can help!

    Listing Contact
    Ethan Landry

    Listing agent Ethan Landry

    Listing office eXp Realty, LLC 949 Ryan Ste 240, Monroe, LA

    Listing date Jan 5, 2026

    MLS# 217588 Listing URL

    Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Commercial Space, Monroe, LA

    This renovated commercial property in Monroe, LA, presents a versatile opportunity for various business ventures. The property is suitable for opening a store, salon, daycare, or church. The layout includes washing machine connections, two bathrooms, a break/stock room, and a large open space. There is also room to expand or create a green space. Consider purchasing this property as part of your business plan for 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.12646
    Latitude
    32.514057

    Nearby Similar for Sale

    • $138,000
      8,720 SF

      Monroe Office and Warehouse Property

      Office and warehouse property on 0.47 acres in Monroe, LA.
      2801 Desiard Street, Monroe, LA 71201
      View Details
    • $475,000

      Monroe Office/Warehouse Investment Opportunity

      Adaptable office/warehouse complex in Monroe, ideal for business or investment.
      2830 BREARD STREET, Monroe, LA 71201
      View Details
    • $700,000
      14,000 SF

      Historic Retail Building in Monroe

      14,000 SF historic building in the Riverside Monroe Cultural District.
      510 Walnut, Monroe, LA 71201
      View Details
    • $145,000

      Monroe LA Duplex Investment

      Income-producing duplex near ULM with updated features and rear parking.
      1202 MCGUIRE AVENUE, Monroe, LA 71203
      View Details
    • $6,825,000
      9,070 SF

      Retail Space in Danville Plaza

      9,070 SF retail space available for lease.
      1900-2010 Louisville Ave, Monroe, LA
      View Details
    • $1,000,000
      2,590 SF

      Jiffy Lube Investment Opportunity

      NNN Jiffy Lube in Monroe, LA with long-term tenant.
      2602 Ferrand St, Monroe, LA 71201
      View Details
    • $3,957
      1,583 SF

      Retail Space on Pecanland Mall

      High-visibility retail space near Interstate 20 and Pecanland Mall.
      4351 Pecanland Mall Drive, Monroe, LA 71203
      View Details
    • $295,000
      12,000 SF

      Versatile Warehouse with Fenced Perimeter

      12,000 SF warehouse with flexible office build-out options.
      1933 Winnsboro Rd, Monroe, LA
      View Details
    • $1,300,000
      5 SF

      Monroe Flex Space with Warehouse

      Flex space with office and warehouse on 1.34 acres.
      1107 Oliver Rd | Monroe, LA 71201, LA 71201
      View Details
    • $2,761,500
      9,372 SF

      Retail Property in Prime Location

      Two-tenant retail space in Monroe's commercial district.
      4301 Pecanland Mall Dr, Monroe, LA 71203
      View Details
    • Contact for pricing
      55,000 SF

      Retail Property in Prime Location

      55,000 SF retail property, renovated in 2015, Monroe, LA.
      3650 Millhaven Rd, Monroe, LA 71203
      View Details
    • $900,000
      3,000 SF

      New Medical Facility with Income

      Newly constructed medical facility with on-site ATM lease income.
      140 Rowland Rd, Monroe, LA
      View Details

    FAQs

    What type of property is this?
    Storefront property - Renovated commercial space suitable for store, salon, daycare, or church.
    Where is this storefront property located?
    The property is located at 1408 SECOND STREET Monroe, LA.
    What is the asking price?
    The asking price for this property is $47,500.
    What are key features of this property?
    This property features: Renovated space suitable for various businesses; Large open space with potential for expansion; Includes two bathrooms, a break/stock room, and laundry connections
    (337) 522-7554
    We can help!
    Listing Contact
    Ethan Landry
    Real Estate License ID: 0995681612
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1408 SECOND STREET, Monroe, LA 71202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!