1215 Monroe StSpokane, WA 99201

Property Details for 1215 Monroe St

Year built

1949

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

1,800 SF

Property type

Office properties

Property subtype

Office buildings

APN

35182.1305

APU

351821305

Description

This exceptional Spokane, WA commercial property, located at 1215 & 1217 N Monroe St, offers a unique investment opportunity. The property encompasses a combined 1,609 square feet of retail and executive office space, situated on multiple parcels totaling between 5,147 and 17,164 square feet. The main building at 1215 N Monroe St (APN 35182.1305) offers approximately 1,609 square feet on a lot of approximately 6,202 square feet. The adjacent lot at 1217 N Monroe St (APN 35182.1304) comprises approximately 5,147 square feet. Additionally, a significant parcel at the corner of W Boone Avenue and N Monroe Street (APN 35182.3210) adds approximately 17,164 square feet to the overall property size. This versatile property, zoned for retail, office, and land use, presents significant potential for various commercial ventures. The asking price for this prime Spokane location is $1,500,000. The property's strategic location in Spokane, WA, zip code 99201, offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial commercial property in a thriving Spokane neighborhood. Contact us today to learn more about this exciting investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $312,517

  6.5%

  $288,478

  7%

  $267,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,778

  Geo Method

  $383,778

• Alternative Use

  Use

  Valuation

  Residential

  $357,712

  Hospitality

  $327,663

  Educational

  $272,611

  Medical

  $281,987

  Retail

  $424,062

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6685

Longitude

-117.427

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA 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.