Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    214 Elm Ave Monroe, MI 48162

    Sponsored
    For Lease
    $19 SF/Yr

    Riverfront Office Space, Ample Parking

    Lot size:
    20,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multi-tenant office building, located at 214 E. Elm Ave in Monroe, Michigan, presents a unique investment opportunity. The property boasts a total of 20,300 square feet, currently subdivided into various medical and general office suites, catering to diverse business needs. One suite, measuring 1,543 square feet, is currently available. Situated on a desirable 1.25-acre lot directly on the River Raisin, the building offers stunning waterfront views. Ample parking is provided with approximately 66 spaces, ensuring convenient access for tenants and visitors. Its strategic location offers unparalleled convenience, being less than two miles from I-75 exit 14 and within walking distance of downtown Monroe. The property's classification as both Traditional and Medical Office space makes it highly versatile and attractive to a wide range of potential tenants. The building is located in Monroe County, Michigan, with a zip code of 48162. This property represents a compelling investment opportunity in a thriving Michigan community. The building's prime location and ample parking make it an attractive option for businesses seeking a professional and accessible workspace. The available suite provides immediate occupancy potential.

    Property Features for 214 Elm Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,300 SF
    Total Rate
    32141.67

    Unit(s) available at that property

    Space
    Suite 100
    Size
    1,543 SF
    Rate per SF
    $19

    HighLights

    • 20,300 SF multi‑tenant office building in Monroe, MI.
    • 1,543 SF suite currently available for immediate occupancy.
    • Located on a 1.25‑acre waterfront lot on the River Raisin.
    • 66 parking spaces.
    • Less than two miles from I‑75 exit 14 and walking distance to downtown Monroe.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lindsay Emerson Medical Clinic MMH Occupational Therapy Occupational Therapist Paramount - Michigan Health Insurance Agency Macomb Residential Opportunities Social Services Organization John Damiani, DO Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3934131
    Latitude
    41.9166702

    Nearby Similar for Lease

    • $12 SF/Yr
      15,662 SF

      Monroe Medical Office Building

      15,662 SF medical office building on 6.32 acres.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • $8 SF/Yr
      26,725 SF

      High-Visibility Commercial Building on Telegraph

      26,725 SF building on 1.18 acres with high traffic.
      630 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      2,500 SF

      Monroe Commercial Space For Lease

      High-visibility commercial space available in Monroe, Michigan.
      1319 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $1,500 /Mo
      1,550 SF

      Downtown Monroe Retail or Office

      1,550 SF space in Downtown Business District for lease.
      8 E Front St, Monroe, MI 48161
      View Details
    • $2,000 /Mo
      3,900 SF

      Monroe Office Suites For Lease

      Office suites available for lease in a well-maintained commercial building.
      708 S Monroe St, Monroe, MI 48161
      View Details
    • $14 SF/Yr
      3,400 SF

      Downtown Monroe Office Suite

      State-of-the-art 3,400 SF office space in downtown Monroe.
      123 W 1St St, Monroe, MI 48161
      View Details
    • New
      $2,000 /Mo
      2,630 SF

      Turn-Key Professional Office Space

      2,600 sq ft professional office space available for lease.
      15502 S Telegraph Rd, Monroe, MI 48162
      View Details
    • $3,000 /Mo
      2,600 SF

      Monroe Office Space For Lease

      2600 SF office space with private offices and conference room.
      400 Detroit Ave, Monroe, MI 48162
      View Details
    • $1,100 /Mo
      850 SF

      Renovated Commercial Space in Monroe

      Renovated 850 SF commercial space in high-visibility Monroe location.
      430 N Monroe St, Monroe, MI 48162
      View Details
    • $16 SF/Yr
      1,263 SF

      Monroe Retail/Office Space Available

      Retail or office space for lease in Hampton Plaza.
      1287 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $4,500 /Mo
      4,850 SF

      Monroe Office Building Near Courthouse

      Well-maintained office building with private offices and conference rooms.
      204 S Macomb St, Monroe, MI 48161
      View Details
    • $3,000 /Mo
      5,500 SF

      Monroe Office Space Sub-Lease

      Class B office space available above Level-Up Sports Complex.
      987 Stewart Rd, Monroe, MI 48162
      View Details

    FAQs

    What type of property is this?
    Medical office - Riverfront Office Space, Ample Parking
    Where is this medical office located?
    The property is located at 214 Elm Ave Monroe, MI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 20,300 SF multi-tenant office building in Monroe, MI.; 1,543 SF suite currently available for immediate occupancy.; Located on a 1.25-acre waterfront lot on the River Raisin.
    Request Owner's contact information
    214 Elm Ave Monroe, MI 48162
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    214 Elm Ave
    Monroe, MI 48162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    214 Elm Ave Monroe, MI 48162
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.