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Multi-Tenant Office Building with Parking
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214 E Elm Ave, Monroe, MI 48162

Multi-tenant office building with medical and general suites on 1.25 acres and ample on-site parking.

Property Size1,543 SF
Lot Size1.25 Acres
Days on Market674

Property Features for 214 E Elm Ave

General Information

Standard status Active
Size 1,543 SF
Total Parking Spaces 66
Lot size 1.25 Acres
Property subtype OFFICE
Lease Type SF/mo

Building Details

Tenancy Multi
Listing Agency: Reichle | Klein Group
Listed By: Ryan Miller · License #2011003129
Source: Moodyscre
Added: Sep 25, 2024 Changed: Jul 29 Last Checked: Jul 29 at 2:46PM

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 Reichle | Klein Group

Investment Insights

Based on property information with market context.

Multi-tenant office building located at 214 E Elm Ave in Monroe, MI, situated on 1.25 acres on the shore of the River Raisin. The property is subdivided into various medical and general office suites, offering flexible space configurations for office users.

The building includes approximately 66 on-site parking spaces, supporting day-to-day access for employees and visitors. Total property size is 1,543 square feet.

With suite-level space within a multi-tenant office environment, this property can be considered for office tenants seeking a combination of medical and general office use within an established office building setting.

Key Highlights

  • Located on 1.25 acres on the shore of the River Raisin
  • Multi‑tenant building subdivided into medical and general office suites
  • Approximately 66 on‑site parking spaces

Property Analytics

Current Use

Lindsay Emerson Medical Clinic MMH Occupational Therapy Physician Paramount - Michigan Insurance Agency Macomb Residential Opportunities Social Service Agency John Damiani, DO Physician

Suggested Use

Top Pick Building Supply Electrical Service Furniture & Home Goods Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,118
Businesses Nearby

Demographics for 48162, MI

29,156
Population
12,698
Households
2.3
Avg Household Size
43
Median Age
24%
College-Educated
91%
High-School Grad
57.5 sq mi
ZIP Area
507
Density / Sq Mi
$68,801
Median Household Income
$41,678
Median Earnings
$912
Median Rent
$192,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office building with medical and general suites on 1.25 acres and ample on-site parking.
Where is this office building located?
The property is located at 214 E Elm Ave Monroe, MI.
What is the lease rate?
The lease rate is $2,443 /Mo.
What are key features of this property?
This property features: Located on 1.25 acres on the shore of the River Raisin; Multi‑tenant building subdivided into medical and general office suites; Approximately 66 on‑site parking spaces
(419) 794-3961 Call to check price and availability
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