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    Property profile & analytics

    1837 Monroe St Monroe, MI 48162-4248

    • Grocery and convenience stores
    • 4,060 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Last Sale
    Dec 22, 2022
    $400,000
    Location Intelligence
    Property ID
    US43-0511064
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 911 Restoration of Toledo / Building Restoration Service / Commercial Cleaning Service
    • BudgetCoinz Bitcoin ATM / Crypto Atm
    • Frenchtown Cheers Party Shoppe / Liquor Store
    • Monroe Eye Brow Threading / Beauty Salon

    Property Details for 1837 Monroe St

    Year built
    1960
    Lot size
    0.16 lot acres
    Property size
    4,060 SF
    Zone code
    C-2-COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    07-065-021-00
    APU
    706502100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $435,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $480,000
      Mixed-Use
      $430,000
      Hospitality
      $455,000
      Educational
      $410,000
      Residential Income
      $495,000
      Energy
      $480,000
      Income-Based Land
      $555,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.387
    Latitude
    41.9416
    CBSA code
    33780
    CBSA name
    MONROE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,097
    $0.00
    $0.00
    $144,500
    -
    $0.00
    $0.00
    $289,000

    Comparable in this City

    • Value Estimation by Request
      45,792 SF

      3833 Dixie Hwy

      GROCERY, SUPERMARKET • 45,792 SF
      3833 Dixie Hwy, Monroe, MI 48162-4489
      View Details
    • Value Estimation by Request
      7,453 SF

      1200 Nadeau Rd

      GROCERY, SUPERMARKET • 7,453 SF
      1200 Nadeau Rd, Monroe, MI 48162-9318
      View Details
    • Value Estimation by Request
      16,151 SF

      1850 Telegraph Rd

      GROCERY, SUPERMARKET • 16,151 SF
      1850 Telegraph Rd, Monroe, MI 48162-9204
      View Details
    • Value Estimation by Request
      2,720 SF

      2700 Dixie Hwy

      GROCERY, SUPERMARKET • 2,720 SF
      2700 Dixie Hwy, Monroe, MI 48162-5277
      View Details
    • Value Estimation by Request
      538 SF

      643 Telegraph Rd

      GROCERY, SUPERMARKET • 538 SF
      643 Telegraph Rd, Monroe, MI 48162-5130
      View Details
    • Value Estimation by Request
      3,218 SF

      1790 Dixie Hwy

      GROCERY, SUPERMARKET • 3,218 SF
      1790 Dixie Hwy, Monroe, MI 48162-5289
      View Details

    Similar Nearby for Sale

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      Monroe Commercial Building For Sale

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      Monroe Commercial Property For Sale

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      Telegraph Road Commercial Opportunity

      26,725 SF building on 1.18 acres with high visibility.
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    • $459,900
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      Monroe Commercial/Industrial Property For Sale

      5,000 SF commercial building with showroom and warehouse on 1 acre.
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    • New
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      Commercial Building in Prime Location

      High-visibility commercial property with income potential in Monroe, Michigan.
      1090 N Dixie Dr, Monroe, MI 48162
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    • Contact for pricing
      2.00 Acres

      Monroe Street Redevelopment Opportunity

      Prime 2-acre retail site, C-3 zoning.
      1491 Monroe St, Monroe, MI 48162
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    Similar Nearby for Lease

    • $43 SF/Yr
      2,960 SF

      Retail Space in Prime Location

      Drive-thru endcap available in Monroe's retail corridor.
      2203-2239 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $17 SF/Yr
      800 SF

      Retail Space in Hampton Plaza

      Retail space available for lease in Monroe, Michigan.
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      View Details
    • $1,100 /Mo
      850 SF

      Renovated Commercial Space in Monroe

      Renovated 850 SF commercial space in high-visibility Monroe location.
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      View Details
    • $14 SF/Yr
      1,025 SF

      Retail Space in Monroe Center

      Retail space available in a high-traffic shopping center.
      610 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $23 SF/Yr
      666 SF

      Renovated Retail Space on US-24

      High-visibility retail space in a renovated shopping center.
      1429 North Telegraph Rd, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      2,500 SF

      Monroe Commercial Space For Lease

      High-visibility commercial space available in Monroe, Michigan.
      1319 N Telegraph Rd, Monroe, MI 48162
      View Details
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    1837 Monroe St
    Monroe, MI 48162-4248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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