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Property profile & analytics

39 Monroe St Monroe, MI 48161

  • Commercial real estate
  • 6,984 SF
  • 0.07 lot acres
Value Estimation
Last Sale
Jun 01, 2021
$400,000
Location Intelligence
Property ID
US43-1108584
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 39 Monroe St

Lot size
0.07 lot acres
Property size
6,984 SF
Zone code
R-1A
Property type
Commercial real estate
APN
55-29-00078-000
APU
552900078000

Description

This exceptional 7,000 square foot mixed-use property, located at 39 S. Monroe St. in Monroe, Michigan, presents a unique investment opportunity. Situated on a 0.69-acre lot in the heart of the Central Business District (CBD), this three-story building boasts classic tavern architectural features, including a dedicated reception area and a game room. Currently entirely vacant, the entire space is available for lease or sale, offering significant potential for a variety of uses. The building's zoning designation as Central Business District allows for a wide range of commercial ventures. The property's prominent location within the vibrant Monroe CBD ensures high visibility and accessibility, making it an ideal location for a restaurant, bar, or other retail establishment. The substantial square footage provides ample space for expansion and customization to suit a tenant's specific needs. With its rich history and prime location, this property offers a rare chance to establish a thriving business in a thriving downtown area. The building's solid structure and classic design provide a strong foundation for a successful venture. Serious inquiries are encouraged to explore the possibilities this unique property offers. The property's address is 48161.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $400,000
  • CAP approach

    CAP return
    Estimation
    6%
    $305,000
    6.5%
    $290,000
    7%
    $315,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $250,000
    Geo Method
    $315,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $345,000
    Retail
    $305,000
    Mixed-Use
    $265,000
    Hospitality
    $350,000
    Educational
    $275,000
    Residential Income
    $305,000
    Energy
    $345,000
    Income-Based Land
    $300,000
    Food Service
    $270,000

Location Insight

  • Map
  • Local Demand
City
Monroe
County
Monroe
State
Michigan
Longitude
-83.3975
Latitude
41.9159
CBSA code
33780
CBSA name
MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,266
$0.00
$0.00
$170,730
-
$0.00
$0.00
$341,460
More about this property
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