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    Downtown Monroe Commercial Building Title is generated by Realmo AI

    381 E Main St, Monroe, WA 98272

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    4,992 SF commercial building in downtown Monroe for sale.

    Type:OFFICE
    Property size:
    4,992 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $220/SF
    Added:
    Apr 18, 2025
    Days on Market:
    441
    Last Refresh:
    Apr 5 at 8:43 pm

    Property Features for 381 E Main St

    General Information

    Standard status
    Active
    Size
    4,992 SF
    Lot size
    0.18 Acres
    Property subtype
    OFFICE

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    Anton Stetner
    Anton Stetner

    Listing office Keller Williams Realty - Marysville

    Listing date Apr 18, 2025

    Source Moodyscre

    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 Keller Williams Realty - Marysville

    HighLights

    • Prime downtown Monroe location with excellent Main Street visibility and steady traffic.
    • Large 4,992 sq. ft. commercial building offering redevelopment or renovation potential.
    • Suitable for retail, office, studio, or mixed‑use possibilities.
    • Vacant and ready for immediate transformation.
    • Two separate downstairs spaces and a huge upstairs room.
    • Four bathrooms (2 upstairs & 2 downstairs).

    Overview

    Located in the heart of downtown Monroe, this 4,992 square foot commercial building presents a redevelopment or renovation opportunity. The property features a large room upstairs and two separate downstairs spaces, along with two bathrooms on each floor. The location offers excellent Main Street visibility and steady traffic, making it suitable for retail, office, studio, or mixed-use possibilities. This vacant property is ready for transformation in a fast-growing area.

    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 $136.6k $27.36
    − Vacancy −$18.0k −$3.61
    EGI $118.6k $23.75
    − OpEx −$29.6k −$5.94
    NOI $88.9k $17.81
    4,992 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.27M
    $1.11M – $1.48M (±1% cap)
    NOI $88,914 @ 7.0% cap · market cap 8.08%
    Second Best
    Retail
    $1.00M
    $879.3K – $1.17M (±1% cap)
    NOI $70,346 @ 7.0% cap · market cap 6.40%
    Theoretical Best
    Office A
    $1.39M
    $1.22M – $1.62M (±1% cap)
    NOI $97,453 @ 7.0% cap · market cap 8.86%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    El tijeras Hair ... Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Snohomish
    State
    Washington
    Longitude
    -121.968
    Latitude
    47.857

    FAQs

    What type of property is this?
    Office building - 4,992 SF commercial building in downtown Monroe for sale.
    Where is this office building located?
    The property is located at 381 E Main St Monroe, WA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime downtown Monroe location with excellent Main Street visibility and steady traffic.; Large 4,992 sq. ft. commercial building offering redevelopment or renovation potential.; Suitable for retail, office, studio, or mixed‑use possibilities.
    (425) 923-7010 Call to check price and availability
    More about this property
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