Historic Storefront with Central
253 W Monroe Street, Bangor, MI 49013
For Sale
$118,000
Commercial Sale, Bangor, MI
Property Size480 SF
Lot Size0.05 Acres
Price / SF$245.83
Days on Market136
Property Features for 253 W Monroe Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
eXp Realty LLC
(269) 600-4397
Listed By:
Chris Speer · License MI #6501418107
(269) 779-5031
Added: Jun 28
Changed: Oct 8
Last Checked: Nov 10 at 12:06PM
MLS# 26032537
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1929, this 480-square-foot brick storefront offers a compact commercial setting with a bathroom and broadband access. Its prior community-serving uses included office, arcade, jewelry retail, and barber shop operations, supporting a flexible format for retail, professional office, or service-based businesses.
The property includes forced-air heating, central air conditioning installed in 2022, a composition roof, and cable availability. Located at 253 W Monroe Street in Bangor, the building sits within the community’s downtown area and benefits from visibility along a route with steady traffic. Daily Amtrak service and access to South Haven and Kalamazoo are also noted in the property information.
The property includes forced-air heating, central air conditioning installed in 2022, a composition roof, and cable availability. Located at 253 W Monroe Street in Bangor, the building sits within the community’s downtown area and benefits from visibility along a route with steady traffic. Daily Amtrak service and access to South Haven and Kalamazoo are also noted in the property information.
Key Highlights
- 480 square feet of commercial building area
- Brick storefront constructed in 1929
- Central air and new furnace installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,983
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,660
$99.7K
Cap Rate 7%
$71,186
$71.2K
Cap Rate 9%
$55,367
$55.4K
Market Conditions
NOI Build-Up for 480 SF
Gross rent
$7.4K $15.48/SF
− Vacancy
−$312 −$0.65/SF
EGI
$7.1K $14.83/SF
− OpEx
−$2.1K −$4.45/SF
NOI
$5.0K $10.38/SF
Area
Van Buren County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,660
Cap Rate 7%
$71,186
Cap Rate 9%
$55,367
Alternative Uses
Best Use
Retail
$71.2K
$62.3K – $83.1K
NOI $4,983 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$85.4K
$74.7K – $99.7K
NOI $5,979 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
McDonald's
Dining
13,440 visits/mo
0.1 miles
Speedway
Shops & Services
7,265 visits/mo
0.1 miles
Dollar General
Shops & Services
6,441 visits/mo
0.2 miles
Shell
Shops & Services
5,158 visits/mo
0.5 miles
SUBWAY
Dining
2,844 visits/mo
0.2 miles
Demographics for 49013, MI
5,175
Population
2,045
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
57.0 sq mi
ZIP Area
91
Density / Sq Mi
$58,264
Median Household Income
$33,589
Median Earnings
$757
Median Rent
$140,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Van Buren County, MI
Properties on Market for Storefront properties in Van Buren County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial space suited to retail, professional office, or service-oriented use.
Where is this storefront property located?
The property is located at 253 W Monroe Street Bangor, MI.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: 480 square feet of commercial building area; Brick storefront constructed in 1929; Central air and new furnace installed in 2022
