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$ 459,900
Est. payment | /mo
6,560 SqFt
$ 459,900
Est. payment | /mo
6,560 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 6,560 sqft
Price per Sqft $70
MLS Listing ID 57050202758
Year Built 1963
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type RealEstateOnly
Property Description
This professional commercial building at 750 S Monroe offers a premier investment or owner-user opportunity in a high-visibility corridor of Monroe, Michigan. The property features a well-maintained, single-story professional aesthetic characterized by classic brickwork and expansive floor-to-ceiling windows that flood the interior with natural light. Currently configured as a multi-unit center, the 6,550-square-foot building is home to established professional services, such as the Insurance and Wellness, providing a sophisticated environment for medical or office use. Each of the three units is equipped with modern infrastructure, including individual climate controls where tenants are responsible for their own electricity and gas. Strategically positioned on a heavily traveled thoroughfare, the location ensures excellent brand exposure and convenient access for clients and employees alike. The property is currently performing with a strong Net Operating Income of $37,000.00, supported by a diverse group of tenants. With a valuation of $462,000 based on an 8% capitalization rate, this asset aligns closely with the assessor's valuation of $574,000.00, representing a stable and attractive addition to any commercial portfolio. Whether you are looking to maintain the current tenant mix or occupy a portion of the space, 750 S Monroe stands as a landmark professional hub in the heart of the community.
Location
State MI
County Monroe
Area Area06122Monroe
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Other
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Flat
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Monroe
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Tom Fritz of Coldwell Banker Haynes Real Estate Commercial