1180 N Monroe St Monroe, MI 48162
This single-story, 15,662-square-foot medical office building sits on a 6.32-acre lot in Monroe, Michigan. Built in two phases (1995 and 2007), the property is currently vacant and available for lease or sale. The rectangular building features ample parking on three sides, accessed via Monroe Street, near the Cole Road intersection. Construction includes a concrete substructure, wood framing, brick and vinyl siding, and asphalt shingle roofing. The HVAC system utilizes split systems with natural gas furnaces, and domestic hot water is supplied by two gas-fired water heaters. Electrical service is 208/120-V, 3-phase, from a pad-mounted transformer. A wet-pipe sprinkler system provides fire protection. The building is in good condition, showing minimal wear and tear consistent with its age and benefiting from consistent preventative maintenance. The property offers a single-tenant occupancy and presents a significant opportunity for medical practices or other commercial ventures. The property's size and location make it an attractive option for businesses seeking a substantial footprint in Monroe County.
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Robbin Wagener, OD Physician
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Susan Hilborn Mccutcheon Physician
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Chinavare Brian W MD Ophthalmologist
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Mandar Joshi, MD Ophthalmologist
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Reed Vision Associates: Tracy Michael K MD Ophthalmologist
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
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.