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Property profile & analytics

437 Monroe St Monroe, MI 48162-2795

  • Commercial real estate
  • 3,250 SF
  • 0.17 lot acres
OFF-MARKET
Value Estimation
$195,000
Last Sale
Sep 11, 2023
$180,000
Location Intelligence
Property ID
US43-1988871
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

  • Commercial real estate

Property Details for 437 Monroe St

Year built
1963
Lot size
0.17 lot acres
Property size
3,250 SF
Zone code
R-1A
Property type
Commercial real estate
APN
55-69-01380-000
APU
556901380000

Description

This exceptional 1,014 square foot retail property, located in Monroe County's vibrant downtown business district, presents a unique investment opportunity. The space, formerly occupied by a jewelry store, boasts a highly desirable location with excellent street visibility, ensuring maximum exposure to potential customers. The layout includes three private offices, a welcoming reception area, a spacious lobby, a comfortable lounge, and a convenient lavatory. The property sits on a 0.17-acre lot and offers the added benefit of nine on-site parking spaces, a significant advantage in a bustling downtown setting. The building is categorized as a single-suite, multi-tenant commercial property, making it ideal for a variety of retail businesses. This turnkey space is ready for immediate occupancy and offers a fantastic chance to establish or expand a retail presence in a thriving commercial area. The property's prime location and functional design make it an attractive option for entrepreneurs seeking a well-equipped and conveniently situated retail space. The ample parking further enhances its appeal, ensuring ease of access for both customers and employees. Don't miss this opportunity to secure a prominent retail location in the heart of Monroe County's downtown.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $185,000
  • CAP approach

    CAP return
    Estimation
    6%
    $215,000
    6.5%
    $215,000
    7%
    $220,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $250,000
    Geo Method
    $195,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $235,000
    Retail
    $205,000
    Mixed-Use
    $210,000
    Hospitality
    $245,000
    Educational
    $185,000
    Residential Income
    $200,000
    Energy
    $175,000
    Income-Based Land
    $205,000
    Food Service
    $215,000

Location Insight

  • Map
  • Local Demand
City
Monroe
County
Monroe
State
Michigan
Longitude
-83.3946
Latitude
41.9227
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
$3,760
$0.00
$0.00
$72,960
-
$0.00
$0.00
$145,920
More about this property
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