Five-Suite Office
For Sale
$379,000
506 N 31ST STREET, Monroe, LA 71201
COMMERCIAL/INDUSTRIAL, Monroe, LA
Property Size3,324 SF
Lot Size0.33 Acres
Price / SF$114.02
Days on Market168
Property Features for 506 N 31ST STREET
General Information
Property type
Residential
Property subtype
Office
Zoning description
B-3
Interior features
None of Above
Exterior features
Landscaping
Lot features
Loc. in City Limits
Directions
Lamy Ln to Kilpatrick Blvd., left on N. 31st Street, property on right.
Subdivision
113 North Monroe
Standard status
Active
APN
54708
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
LOT 5 SQ A RESUB OF LOT 4 SQ 2 LOUISVILLE PLAZA UNIT 2***ERROR IN LEGAL 2525-511***
Legal Description
LOT 5 SQ A RESUB OF LOT 4 SQ 2 LOUISVILLE PLAZA UNIT 2***ERROR IN LEGAL 2525-511***
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Building materials
Brick Veneer
Roof type
Fiberglass
Additional Structures
None
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Thomas Johnson · License #0000031523
(318) 355-2805
Added: Apr 29
Changed: Oct 7
Last Checked: Oct 13 at 10:06AM
MLS# 219227
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.
Investment Insights
Based on property information with market context.
This brick-veneer office building contains 3,324 heated square feet arranged in five individual suites. Central heating and air conditioning serve the building, and the exterior includes landscaping. The property occupies a 0.33-acre lot.
Two suites are leased, with three suites available for occupancy or lease. The building is located in an established business park in Monroe, Louisiana.
Two suites are leased, with three suites available for occupancy or lease. The building is located in an established business park in Monroe, Louisiana.
Key Highlights
- 3,324 heated square feet across five individual suites
- Two suites currently leased; three suites available
- 0.33‑acre lot
Property Analytics
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 71201, LA
21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two leased suites provide current occupancy, while three additional suites offer flexible space for an owner-user or tenant.
Where is this office building located?
The property is located at 506 N 31ST STREET Monroe, LA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3,324 heated square feet across five individual suites; Two suites currently leased; three suites available; 0.33‑acre lot
