100 8th St, Monroe, WI 53566-1021
- Commercial real estate
- 0.91 lot acres
Current Use by Public Records
- SSM Health Monroe Express Clinic / Medical Clinic
- DAVID L REBEDEW / Pediatrician / Physician
- Kelsey Schmidt / Pediatrician / Physician
Property Details for 100 8th St
- Lot size
- 0.91 lot acres
- Property type
- Commercial real estate
- APN
- 23-251-2397.0810
- APU
- 2325123970810
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 2, 2025 | $1,140,000 | Franklin Realty Partners LLC | Creative Propertenterprises LLC | Warranty Deed | $855k · Mound City Bank |
Description
This exceptional investment opportunity presents a 7,015-square-foot, single-story, multi-tenant office building situated on a 0.907-acre lot in Monroe, Wisconsin. Built in 2009 and renovated in 2022, the property boasts a new roof and HVAC system for the Department of Administration. Currently enjoying 100% occupancy, the tenant roster includes a mix of high-quality, creditworthy businesses: SSM Health (bond-rated, lease expiring 5/31/2029 with a two-year option), the State of Wisconsin DMV (bond-rated, lease expiring 12/25/2025 with a two-year option), and QPS Employment Group, Inc. (lease expiring 7/31/2027 with a two-year option). The property benefits from prominent West 8th Street frontage and building signage. The strong tenant base, coupled with a significant rent escalator in the SSM Health lease (32% increase in 2025), projects a substantial increase in Net Operating Income (NOI). The 2024 NOI is $82,020.91, with an estimated NOI of approximately $95,270 in July 2025, representing an 8% capitalization rate. The asking price for this well-maintained, high-occupancy property is $1,190,000. This is a rare opportunity to acquire a stable, income-producing asset with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $760,000
- ML approach
- $755,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Green
- State
- Wisconsin
- Longitude
- -89.6593
- Latitude
- 42.603
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
