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    189 Monroe St Passaic, NJ 07055

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    For Sale
    $1,550,000

    10,000 SF retail building with paved lot near Route 21.

    Property size:
    10,100 SF

    Property Features for 189 Monroe St

    General Information

    Standard status
    Active
    Size
    10,100 SF

    Building Details

    Year built
    1950

    Source: KELLER WILLIAMS INTEGRITY Agent ARON COOPER

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

    Overview

    Two-Story Retail Building with Logistics Lot

    This two-story retail commercial building offers approximately 10,000 square feet plus a basement, suitable for various commercial uses. The first floor features 5,000 square feet of open retail space. The owner currently occupies this space and is open to negotiating a long-term lease or vacating, based on the buyer's needs. The second floor provides an additional 5,000 square feet of open layout, complemented by two spacious offices, currently used for a fabric business. The basement level offers a substantial 5,000 square feet with high ceilings, suitable for storage, inventory management, or auxiliary business operations. A bonus 16x100 ft lot on Hope Ave provides rear access to the building. This space is fully paved with newly poured concrete to support heavy-duty vehicles, including 53-ft containers, and is currently used for unloading and logistics. The property is located one block from Route 21, ensuring visibility and accessibility. It is suitable for retail, wholesale, distribution, or warehouse use. A sprinkler system is installed on all levels. The roof was replaced in 2021.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1216037
    Latitude
    40.8667345

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    FAQs

    What type of property is this?
    Retail space - 10,000 SF retail building with paved lot near Route 21.
    Where is this retail space located?
    The property is located at 189 Monroe St Passaic, NJ.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - 10,000 sq ft commercial building plus 5,000 sq ft basement, offering versatile space.; - Bonus 16x100 ft lot with newly paved concrete, providing rear access and accommodating heavy-duty vehicles/53-ft containers.; - High-traffic location, one block from Route 21, ensuring excellent visibility.
    Request Owner's contact information
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    Passaic, NJ 07055
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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
    189 Monroe St Passaic, NJ 07055
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