942 E 3Rd St Monroe, MI 48161
For Sale
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This exceptional 2,748-square-foot commercial property located at 942 E Third Street in Monroe, Michigan, presents a unique investment opportunity. Situated on a 0.16-acre lot, this building, formerly used as a daycare center, is now available for purchase at an asking price of $225,000. The property boasts a comprehensive list of recent upgrades, including a new roof, furnace, HVAC system, plumbing, and electrical work. This ensures the building is in excellent condition and ready for immediate occupancy. The versatile layout offers significant potential for a variety of commercial uses, making it an attractive option for entrepreneurs and investors alike. The property's location in Monroe, Michigan, within Monroe County, and its convenient zip code of 48161, provides easy access to local amenities and transportation routes. The building's modern infrastructure and well-maintained amenities provide a strong foundation for any new business venture. This is a turnkey opportunity to acquire a fully modernized commercial space with significant upside potential. The property is zoned for commercial use and is ready for its next chapter. Don't miss this chance to own a meticulously updated commercial building in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.