951 W Monroe Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 2, 2025 | No longer available | - | |
| No longer available | |||
| Dec 1, 2025 | Listed by ERA Reardon Realty, L.L.C. | $975,000 | |
| Listed by ERA Reardon Realty, L.L.C. | |||
| Nov 29, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 24, 2022 | Listed by ERA REARDON REALTY, L.L.C. | $975,000 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
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Commercial property in a great mid Michigan location. 3.96 Acres with 476' frontage on a 4 lane feeder road. Large level lot ready to build site with all the major utilities accessible. Adjacent to the regions largest shopping center, Jackson Crossing Mall, with many national retailers and lenders close by. Conveniently located near the new I-94 and US-127 interchange with 50,000 annual average daily traffic.
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| Oct 20, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017