Property profile

2200 Monroe St Dearborn, MI 48124

OFF-MARKET
Medical Office Space
Property ID
US43-0942620
6,983 SF 0.48 ac lot Built 1981
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1981
Total area 6,983 SF
Lot 0.48 ac (20,909 SF)
Zoning code BA
APN 82 09 271 04 020
UPID US43-0942620

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
  • Physician
  • Hotel & Motel
  • Medical Clinic

Location

2200 Monroe St Dearborn, MI 48124-3058
Dearborn metro Census 575000 DETROIT-WARREN-LIVONIA, 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
$646k
Blend (final) Blend
$470k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2019
Price N/A
2018
$890,000
1969
Price N/A

Zoning & alternative use

BA · Dearborn, MI
Zoning description

RESIDENTIAL DISTRICTS[1] ARTICLE 11.00 - R-P, RESIDENTIAL 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 -…

General category COMMERCIAL
Top alternative use upside
Office building $1.0M +40.5%
Restaurant $1.0M +35.9%
Retail stores $820,000 +11.5%

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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