437 Monroe StMonroe, MI 48162

  • Commercial real estate
  • 3,250 SF
For Lease
$8.22/SF/YR View listing

Property Details for 437 Monroe St

Year built
1963
Lot size
0.17 AC
Property size (Sq ft)
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $636,819
    Hospitality
    $583,323
    Educational
    $485,318
    Medical
    $502,009
    Retail
    $754,939
437 Monroe St, Monroe, Michigan

Location Insight

City
Monroe
County
Monroe
State
Michigan
Latitude
41.9227
Longitude
-83.3946
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
$3,760
-
-
$72,960
-
-
-
$145,920

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