Technical
Financial
Distress signals
Property profile

1492 Monroe St Monroe, MI 48162

OFF-MARKET
Office buildings
Property ID
US43-0829378
2,544 SF 0.43 ac lot Built 1955
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

An office property in Monroe, Michigan with a history as a medical office and configured for professional uses such as legal, financial, accounting, engineering, insurance, and medical practices. The office portion was fully gutted to the studs, creating an open interior suitable for future build-out and customization. The property also includes an attached residential unit with 3 bedrooms, a full kitchen, a full bathroom, living and dining areas, and a full basement, which can support owner-occupancy or rental use. On-site parking is provided for 16 vehicles. The property sits on a 0.43-acre lot and contains approximately 2,707 square feet of building area, located near other medical offices and across from a Honda dealership, with convenient access and street visibility.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Total area 2,544 SF
Lot 0.43 ac (18,731 SF)
APN 07-877-050-00
UPID US43-0829378

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
  • Medical Clinic
  • Physician

Location

1492 Monroe St Monroe, MI 48162-4210
Monroe metro Census 831600 MONROE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2022
Last sale
$143,000
2 recorded transactions
2022
$143,000
2011
$100,000

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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