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Property profile & analytics
FOR LEASE
Sports & entertainment properties

118 S Lewis St Monroe, WA 98272

17,924 SF 0.42 ac lot Built 1919
Entity Owned ~ Est. High Equity
Property ID
US90-0891797
118 S Lewis St, Monroe, WA 98272 For Lease
$605,000 4,685 SF available
118 S Lewis St, Monroe, WA 98272
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Property summary
AI-generated overview

This exceptional 17,126 square foot commercial building, situated in the heart of Downtown Monroe, Washington, presents a unique investment opportunity. Built in 1919, this single-story property offers a blend of historical charm and modern functionality. Currently featuring four suites, the building offers flexible space options, with a minimum divisible space of 249 square feet and a maximum contiguous space of 1,263 square feet. A total of 1,512 square feet is currently vacant, providing immediate opportunities for new tenants. The property boasts a 14-foot ceiling height, creating an open and airy atmosphere. Ample parking is available with 53 spaces. The building's location at 118 N Lewis St, near W Hill St, ensures high visibility and accessibility within the bustling Downtown Monroe submarket. The property is zoned for retail, office, and restaurant uses, with current tenants in medical, salon, health and wellness, and massage businesses. This versatile space is ideal for a variety of businesses seeking a prominent location in a thriving community. The property's address is 118 N Lewis St, Monroe, WA 98272.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1919
Construction WOOD
Total area 17,924 SF
Lot 0.42 ac (18,295 SF)
Zoning code DC
APN 517401801300
UPID US90-0891797
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thrive Community Fitness Gym & Fitness Center
  • Reina Beauty Co Spa & Massage Center
  • Margot A. Montel - Westover, LMP Alternative Medicine Practice Spa & Massage Center
  • Life Church Monroe Church
  • Monroe Consignment Furniture & Decor Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$702k
Blend (final) Blend
$605k
Owner & transaction history
Msc Investment And Holding LLC
Msc Investment And Holding LLC
since 2026
Last sale
$610,000
7 recorded transactions
2026
$610,000
2025
$4.7M
2018
$281
2018
$2.1M
2017
$400,000
2008
Price N/A
2005
Price N/A
Zoning & alternative use
DC · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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