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Property profile & analytics
OFF-MARKET
Theaters & concert halls
142 Monroe St, Bangor, MI 49013-1333
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-3014737
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Total area
2,160 SF
Lot
0.56 ac (24,176 SF)
Zoning code
B2
APN
80-54-550-037-10
UPID
US43-3014737
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
-
Bangor Elevator Hotel & Motel Resort
-
Cognito Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pana Elevator LLC · 2 yrs held
Pana Elevator LLC
since 2024
7 recorded transactions
Zoning & alternative use
B2 · Bangor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$10,089
Tax year 2020
Assessed value
$147,100
Assessed 2023
Previous assessed
$147,100
+0.0% YoY
Effective rate
6.86%
On assessed value
Total market value
$294,200
Applied tax rate
80,540.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Heating
NONE
Stories
1
Total area
2,160 SF
Lot
0.56 ac (24,176 SF)
Zoning code
B2
APN
80-54-550-037-10
UPID
US43-3014737
Jurisdiction
VAN BUREN
Zoning & alternative use
B2 · Bangor, MI
Zoning B2 · permitted uses
B2 · Bangor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Pana Elevator LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5362 W SEAWALL CT, SOUTH HAVEN, MI 49090-7928
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Pana Elevator LLC
—
Deed
related
$250,000 · Lakeside Bank
Jul 3, 2024
—
Pana Elevator LLC
Sandstone Group LLC
Warranty Deed
—
Jul 31, 2023
—
Sandstone LLC
Michael Merrill
Quit Claim Deed
related
—
Jan 25, 2023
$58,692
Philip M Freeman
Michael Merrill
Sheriffs Deed
related
—
Oct 20, 2021
—
Michael Merrill
—
Deed
related
$50,000 · Phillip M Freeman Trust
Mar 18, 2021
—
Shanna Devries Merrill
Bangor Restoration LLC
Deed
—
Jul 31, 2019
$310,959
Bangor Restoration LLC
Bangor Elevator LLC
Sheriffs Deed
related
—
Jul 11, 2017
$375,000
Bangor Elevator LLC
Bangor Restoration LLC
Warranty Deed
$305,000 · Bangor Restoration LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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