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    6024 Parkside St Monroe, MI 49161

    • Lifestyle centers
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 6024 Parkside St

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Townsite Plaza offers a 1,554 square foot retail space in Monroe County, ideally suited for a single tenant. Previously configured as an office suite, the property boasts eight private offices and a reception area, providing ample space for various business needs. The property includes a highly visible pole sign, enhancing its marketing potential. This Class C retail space is part of a shopping center with a diverse tenant mix, including established businesses such as Fast Signs, Glass Doctor, a chiropractic practice, an educational institution, and an insurance agency. This established tenancy provides a strong sense of community and potential for synergistic business relationships. The property is classified as Retail and Land, and is a single-tenant building with one suite. The building's prior use as an office suite offers a flexible layout adaptable to a variety of retail configurations. The strong existing tenant base suggests a thriving commercial environment, making this an attractive opportunity for a business seeking a well-located and visible retail space. The property's location within a shopping center provides convenient access and high foot traffic, contributing to its overall appeal. This is a single-tenant building, offering a unique opportunity for a business to establish a strong presence in a well-established commercial center.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.41404
    Latitude
    41.905594

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    6024 Parkside St
    Monroe, MI 49161
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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
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