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Financial
Distress signals
Property profile

233 W Monroe St Bangor, MI 49013

FOR SALE
Bars & Pubs
Property ID
US43-2209070
1,844 SF 0.05 ac lot Built 1906
Last sale Apr 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Built in 1940, the property is a restaurant-oriented commercial facility in Bangor, Michigan, located at 233 W Monroe St along the M-43 corridor. The layout includes a dining room, bar, full commercial kitchen, banquet and meeting areas, and a pool hall, with seating capacity for more than 160 guests to support regular dining and larger gatherings. A Class C liquor license is part of the property’s documented amenities, and a partial basement adds additional storage space, while the overall…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2023$36k
Effective rate5.75%

Value estimate

· Oct 2026
$105k
$95k – $116k
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$1k
Operating expenses−$14k
NOI · 8.32% cap applied$33k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$92/SF
County average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$45 – $117

Cap rate analysis

How does the asset earn?
8.32%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B1
JurisdictionVAN BUREN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.8
Law Firm10.6
Building Supply10.2

Location

233 W Monroe St Bangor, MI 49013
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 10 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
53838 M 43, Bangor, MI 49013-9543 $200,000 Feb 2026 2,814 SF
42120 County Rd 687, Bangor, MI 49013-9636 $115,000 Feb 2024 2,116 SF
105 Monroe, Bangor, MI 49013-1473 $93,500 Apr 2022 1,680 SF
229 Monroe, Bangor, MI 49013-1330 $100,000 Mar 2022 3,973 SF
65994 M 43, Bangor, MI 49013-9807 $280,000 Jun 2021 3,392 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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