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Property profile & analytics

415 Monroe St Monroe, MI 48162

  • Commercial real estate
  • 1,632 SF
  • 0.21 lot acres
Value Estimation
Last Sale
Dec 11, 2024
$120,000
Location Intelligence
Property ID
US43-1214927
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

  • 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

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

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
$3,046
$0.00
$0.00
$66,100
-
$0.00
$0.00
$132,200
More about this property
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