118 S Lewis St Monroe, WA 98272
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.
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Thrive Community Fitness Gym & Fitness Center
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Reina Beauty Co Spa & Massage Center
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Margot A. Montel - Westover, LMP Alternative Medicine Practice Spa & Massage Center
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Life Church Monroe Church
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Monroe Consignment Furniture & Decor Furniture & Home Goods Home Decor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DC · Monroe, WAMonroe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.