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    415 Monroe St Monroe, MI 48162

    Sponsored
    For Sale
    $150,000

    Historic Charm, Modern Potential, $150,000

    Property size:
    1,632 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning two-story, 1,632 square foot creative office building, located at 415 N Monroe St in Monroe, Michigan, presents a unique investment opportunity. Built in 1908, this commercially zoned property is situated in the heart of downtown Monroe, offering exceptional visibility and accessibility. The asking price is $150,000, translating to $91.91 per square foot. The building's prime location within a bustling area ensures high foot traffic and excellent exposure for any business. Its historic character provides a unique aesthetic, while its adaptable interior space allows for a variety of uses. The property's two stories offer ample room for expansion or division, catering to diverse business needs. With its permitted commercial zoning, this property is ready for immediate occupancy and offers significant potential for growth and return on investment. The 48162 zip code ensures convenient access to local amenities and transportation networks. This is an exceptional opportunity to acquire a well-positioned commercial property in a thriving downtown area. The building's solid construction and desirable location make it an attractive proposition for both established businesses and new ventures seeking a prominent presence in Monroe, Michigan. Don't miss this chance to own a piece of Monroe's vibrant history and promising future.

    Property Features for 415 Monroe St

    General Information

    Property type
    Office space
    Square Feet
    1,632 SF

    Building Details

    Year Built
    1908
    Stories
    2

    HighLights

    • $150,000 asking price.
    • 1,632 square foot Creative Office building.
    • $91.91 per square foot.
    • 1908 construction.
    • Two‑story building.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Honeycomb Creative Store

    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
    -83.3947897
    Latitude
    41.922108

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    FAQs

    What type of property is this?
    Office space - Historic Charm, Modern Potential, $150,000
    Where is this office space located?
    The property is located at 415 Monroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price.; 1,632 square foot Creative Office building.; $91.91 per square foot.
    Request Owner's contact information
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    Monroe, MI 48162
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    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
    415 Monroe St Monroe, MI 48162
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