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1180 North Monroe Street

1180 North Monroe Street, Monroe, MI 48162
Property in Frenchtown
1 Units For Sale
Unit for sale at 1180 N Monroe, Monroe, MI 48162

$2,350,000

  • Commercial
  • 15,662 ft²
1180 N Monroe, Monroe, MI 48162 Listing by Cole Mcnew

1180 North Monroe Street in Monroe, MI was first built in 1995 and is 29 years old. This has been categorized as a office property type. It is a single story home. In total, the area measurement of the land is 274,428 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $3,600,000 in Jan 31, 2014. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $70,999 in taxes each year. 1180 North Monroe Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,448,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: D
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 274,428
  • Total Building Area: 15,797
  • Gross Building Area: 15,797
  • Building Area: 15,797
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Office
  • Land Acres: 6.3
  • Standard Land Use Code: Medical bldg/clinic
  • Legal Description 1: ALL THAT PART OF PC 124 & 353, FRENCHTOWN TOWNSHIP, MONROE COUNTY, MICHIGAN, BOUNDED AND DESC AS FOLLOWS: COMM @ INT OF E'LY

Ownership

  • Current Owner : SPIRIT MASTER FUNDING IX LLC
  • Previous Owner : MONROE MOB LP
  • Owner Before Previous Owner: REED HOLDINGS MONROE LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School Tax School District: MONROE PUBLIC
  • Census Tract: 831600

Geography

  • District: 07
  • Parcel: 07-353-013-02
  • Municipality: FRENCHTOWN TWP
  • Latitude: 41.9325
  • Longitude: -83.3887

    Address

  • Full Address: 1180 N Monroe St
  • Address - House Number: 1180
  • Street Direction: N
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: MI
  • City Name: Monroe
  • Carrier Code: C014
  • 4-Digit Zip Code: 3190
  • Zip Code: 48162

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $70,999
  • Tax Rate Code Area: 07

    Market Valuation

  • Market Total Value: $2,896,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,448,000

    Sales

  • Current Sale Contract Date: Aug 18, 2014
  • Current Sale Recording Date: Aug 25, 2014
  • Current Sale Transaction ID: 1185301512
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2014R16101
  • Previous Sale Recording Date: Feb 25, 2014
  • Previous Sale Contract Date: Jan 31, 2014
  • Previous Sale Amount: $3,600,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: WATERFORD BANK NA
  • Previous Mortgage Transaction Date: Feb 25, 2014
  • Previous Mortgage Loan Amount: $2,880,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Monroe



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Nearby Rentals

Unit for rent at 1318 Frank Dr, Monroe, MI, 48162

$800 /mo

  • 1 Bed
  • 1 Bath
  • 685 ft²
1318 Frank Dr #Garden 1 Bed/1 Bath, Monroe, MI, 48162 Listing by Hampton Apartments & Townhomes

Frequently Asked Questions

What neighborhood is 1180 North Monroe Street located in?
The 1180 North Monroe Street is a located in the neighborhood of Frenchtown in Monroe, Monroe.
How many listings are currently for sale in 1180 North Monroe Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1180 North Monroe Street?
The average sales price for units in 1180 North Monroe Street is $2,350,000 , or $150/sqft. currently.

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