Property profile

1185 Monroe St Dearborn, MI 48124

OFF-MARKET
Medical Office Space
Property ID
US43-1177017
11,055 SF 0.47 ac lot Built 1954
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1954
Total area 11,055 SF
Lot 0.47 ac (20,473 SF)
Zoning code BB
APN 82 09 223 12 002
UPID US43-1177017

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
  • Physician
  • Medical Clinic

Location

1185 Monroe St Dearborn, MI 48124-2814
Dearborn metro Census 575000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.08M

Owner & transaction history

since 2021
Last sale
$3.6M
5 recorded transactions
2021
$3.6M
2019
Price N/A
2018
Price N/A
2011
$1.8M
1969
Price N/A

Zoning & alternative use

BB · Dearborn, MI
Zoning description

SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 -…

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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