406 6th St West Monroe, LA 71291-4102
This exceptional mixed-use investment property, Business Center 6th & Mill, located at 406 N 6th St, West Monroe, LA 71291, presents a compelling opportunity. The 8,848 square foot property, built in 2001 and extensively renovated in 2023, boasts a Class A rating and features two buildings on a 0.86-acre lot. Currently housing five tenants with 100% occupancy, the property offers a stabilized investment with built-in rent bumps. The property includes 60 parking spaces, a significant upgrade with 36 spaces added recently. Recent improvements include new exterior paint, parking lot striping, and a new HVAC system installed in 2021. The property also benefits from perimeter security lighting, professional landscaping, and efficient drainage systems. The permitted zoning is B-1. Financial details and tenant information are available upon request with a non-disclosure agreement. Showings are coordinated with accepted offers. The asking price is $1,195,000, translating to $135.06 per square foot. This property is ideal for investors seeking a stable, high-performing asset in a prime West Monroe location. The property is available for a 1031 exchange.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.