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Property profile & analytics

2119 Monroe St Dearborn, MI 48124-2922

  • Office buildings
  • 1,425 SF
  • 0.09 lot acres
OFF-MARKET
Last Sale
Aug 20, 2021
$115,000
Value Estimations
$155,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-0031993
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

  • Studio 2119 / Portrait Studio

Property Details for 2119 Monroe St

Year built
1949
Lot size
0.09 lot acres
Property size
1,425 SF
Zone code
BA
Property type
Office buildings
APN
82 09 271 03 003
APU
820927103003

Description

This 1,450-square-foot Class C office building at 2119 Monroe St, Dearborn, MI 48124, is available for $295,000. Built in 1949, this single-story building sits on a 3,920-square-foot lot and features one unit with a large lobby, reception area, four offices, a bathroom, and storage. The property boasts three dedicated parking spaces, plus ample street parking. The building is conveniently located within walking distance of downtown Dearborn, offering easy access to major highways and public transportation. Recent improvements include a new roof (2023), new air conditioning, and a new water tank (2022). Zoned for general office use, this property is ideal for startups, small businesses, or professional services. The spacious layout allows for customization to meet diverse business needs. APN: 3282092710. This is a fantastic opportunity to establish or expand your business in a thriving Dearborn location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $150,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $197,000
    Market price range: $145k - $248k
    AI Estimate
    $197,000
    Market price range: $145k - $248k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Dearborn
County
Wayne
State
Michigan
Longitude
-83.2457
Latitude
42.2973
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, 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
$4,735
$0.00
$0.00
$81,500
-
$0.00
$0.00
$163,000
More about this property
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