437 Monroe St Monroe, MI 48162-2795
- Commercial real estate
- 3,250 SF
- 0.17 lot acres
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
-
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