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    501 2nd St Monroe, MI 48161-2090

    • Office buildings
    • 1,397 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    Nov 04, 2021
    $130,000
    Location Intelligence
    Property ID
    US43-1691130
    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

    • Office buildings

    Property Details for 501 2nd St

    Year built
    1928
    Construction
    FRAME
    Lot size
    0.05 lot acres
    Property size
    1,397 SF
    Zone code
    R-1A
    Property type
    Office buildings
    APN
    55-39-00385-000
    APU
    553900385000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3928
    Latitude
    41.9123
    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
    $2,119
    $0.00
    $0.00
    $48,270
    -
    $0.00
    $0.00
    $96,540

    Comparable in this City

    • Value Estimation by Request
      7,410 SF

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      183,508 SF

      1 International Dr

      OFFICE BUILDING • 183,508 SF
      1 International Dr, Monroe, MI 48161-9345
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      1,092 SF

      15467 Dixie Hwy

      OFFICE BUILDING • 1,092 SF
      15467 Dixie Hwy, Monroe, MI 48161-3953
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    • Value Estimation by Request
      1,200 SF

      716 Roessler St

      OFFICE BUILDING • 1,200 SF
      716 Roessler St, Monroe, MI 48161-1555
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    • Value Estimation by Request
      7,280 SF

      1145 Telegraph Rd

      OFFICE BUILDING • 7,280 SF
      1145 Telegraph Rd, Monroe, MI 48161-4040
      View Details
    • Value Estimation by Request
      4,100 SF

      15479 Telegraph Rd

      OFFICE BUILDING • 4,100 SF
      15479 Telegraph Rd, Monroe, MI 48161-8000
      View Details

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    Similar Nearby for Lease

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    • $4,500 /Mo
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    501 2nd St
    Monroe, MI 48161-2090
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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