1180 Monroe StMonroe, MI 48162

Property Details for 1180 Monroe St

Year built

1995

Lot size

6.30 AC

Property size (Sq ft)

15,797 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

07-353-013-02

APU

735301302

Description

This single-story, 15,662-square-foot medical office building sits on a 6.32-acre lot in Monroe, Michigan. Built in two phases (1995 and 2007), the property is currently vacant and available for lease or sale. The rectangular building features ample parking on three sides, accessed via Monroe Street, near the Cole Road intersection. Construction includes a concrete substructure, wood framing, brick and vinyl siding, and asphalt shingle roofing. The HVAC system utilizes split systems with natural gas furnaces, and domestic hot water is supplied by two gas-fired water heaters. Electrical service is 208/120-V, 3-phase, from a pad-mounted transformer. A wet-pipe sprinkler system provides fire protection. The building is in good condition, showing minimal wear and tear consistent with its age and benefiting from consistent preventative maintenance. The property offers a single-tenant occupancy and presents a significant opportunity for medical practices or other commercial ventures. The property's size and location make it an attractive option for businesses seeking a substantial footprint in Monroe County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,704,256

  6.5%

  $2,496,236

  7%

  $2,317,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,477,651

  Geo Method

  $1,477,651

• Alternative Use

  Use

  Valuation

  Residential

  $3,095,333

  Hospitality

  $2,835,308

  Educational

  $2,358,943

  Medical

  $2,440,071

  Retail

  $3,669,467

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9327

Longitude

-83.3878

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.