401 Sherrouse Ave Monroe, LA 71203
This exceptional 14,607 square foot property, situated on a generous 1.5-acre lot in Monroe, Louisiana, presents a unique investment opportunity. Ideally located near a local college, this substantial building offers significant potential for a variety of uses. The main sanctuary boasts 4,300 square feet of well-maintained space, perfect for large gatherings or adaptable to diverse needs. In addition to the sanctuary, there are 10,300 square feet of classrooms and administrative areas, providing ample room for offices, learning spaces, or other functional areas. The property includes extensive parking, ensuring convenient access for occupants and visitors. The building is being sold in its current "as is" condition, allowing for creative renovation and customization to suit the buyer's specific vision. Given its size, location, and versatile layout, this property is well-suited for a range of purposes, from religious institutions to educational facilities or even potential conversion into commercial space. The substantial acreage offers further possibilities for expansion or development. This is a rare opportunity to acquire a significant property in a desirable location. Serious inquiries are encouraged.
-
Refuge Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.