Property profile

505 Monroe St Brooklyn, MI 49230

OFF-MARKET
Other warehouses
Property ID
US43-3858005
19,260 SF 2.01 ac lot
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is an 81-unit self-storage complex located in the Irish Hills area, consisting of five storage buildings on a site of just over 2 acres. The facilities are configured for low-maintenance operation, and the layout allows for potential expansion via construction of an additional sixth building and/or development of outdoor storage space. The complex is positioned near Michigan International Speedway as well as area lakes and vacation destinations, supporting year-round demand characteristics typical of the surrounding market.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Total area 19,260 SF
Lot 2.01 ac (87,556 SF)
Zoning code I-1
APN 000-20-30-127-004-01
UPID US43-3858005

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

505 Monroe St Brooklyn, MI 49230-9520
Brooklyn metro Census 6306 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2025
4 recorded transactions
2025
$615,000
2017
Price N/A
2005
$180,000
2005
Price N/A

Zoning & alternative use

I-1 · Brooklyn, MI
Zoning description

This I-1 district is designed to provide suitable space for light industrial uses which operate in a safe, non-objectionable and efficient manner, and which are compatible in appearance with and require a minimum of buff…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Monroe St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message