415 Monroe St Monroe, MI 48162
- Commercial real estate
- 1,632 SF
- 0.21 lot acres
Current Use by Public Records
- Honeycomb Creative / Store
Property Details for 415 Monroe St
- Year built
- 1908
- Construction
- FRAME
- Lot size
- 0.21 lot acres
- Property size
- 1,632 SF
- Zone code
- R-1A
- Property type
- Commercial real estate
- APN
- 55-69-01376-000
- APU
- 556901376000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $135,000
- 6.5%
- $160,000
- 7%
- $155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $165,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $135,000
- Mixed-Use
- $135,000
- Hospitality
- $115,000
- Educational
- $115,000
- Residential Income
- $130,000
- Energy
- $120,000
- Income-Based Land
- $135,000
- Food Service
- $120,000
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Monroe
- State
- Michigan
- Longitude
- -83.3949
- Latitude
- 41.9221
- CBSA code
- 33780
- CBSA name
- MONROE, MI METROPOLITAN STATISTICAL AREA