Property profile

118 Monroe St Detroit, MI 48226

OFF-MARKET
Theaters & concert halls
Property ID
US43-1554229
4,560 SF 0.14 ac lot Built 1911
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1911
Total area 4,560 SF
Lot 0.14 ac (6,098 SF)
Zoning code B5
APN 01000166.
UPID US43-1554229

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator

Location

118 Monroe St Detroit, MI 48226-2809
Detroit metro Census 517200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$125k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

B5 · Detroit, MI
Zoning description

Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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