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Property profile & analytics

45 Monroe St Monroe, MI 48161-2272

  • Commercial real estate
  • 3,940 SF
  • 0.07 lot acres
OFF-MARKET
Last Sale
Jul 29, 2021
$380,000
Value Estimations
$375,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-0853235
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

  • Local Dumpster Rental Man Monroe / Corporate Office
  • Nicole's Custom Framing / Picture Frame Shop

Property Details for 45 Monroe St

Lot size
0.07 lot acres
Property size
3,940 SF
Zone code
R-1A
Property type
Commercial real estate
APN
55-29-00081-000
APU
552900081000

Description

This exceptional 1,200 square foot retail property is ideally situated in Monroe's vibrant downtown business district. Currently a single-tenant space, it offers a fantastic opportunity for a variety of businesses. Previously occupied by a local framing shop, the space benefits from high visibility and excellent street frontage, ensuring strong foot traffic. The property boasts ample parking, a significant advantage in a bustling downtown area. The building itself is a single-suite structure, providing a manageable and efficient layout for a new tenant. The property type is classified as both retail and land, suggesting potential for expansion or outdoor display areas. Located in Monroe County, this property offers easy access to local amenities and a thriving community. The space's previous use as a framing shop suggests a versatile layout adaptable to various retail concepts. This is a rare opportunity to establish a presence in a desirable and high-traffic location within the heart of Monroe's commercial center. The combination of high visibility, ample parking, and a convenient location makes this property an attractive investment for discerning business owners. Don't miss this chance to secure a prime retail space in a thriving downtown area.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $380,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $233,000
    Market price range: $157k - $330k
    AI Estimate
    $233,000
    Market price range: $157k - $330k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Monroe
County
Monroe
State
Michigan
Longitude
-83.3976
Latitude
41.9158
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
$5,115
$0.00
$0.00
$82,380
-
$0.00
$0.00
$164,760
More about this property
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