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$1 Auction – Former 5,688 SF Restaurant 226 Blanchard St 5,688 SF Retail Building West Monroe, LA 71291 $175,000 ($30.77/SF)
Investment Highlights
- ABSOLUTE $1 AUCTION | Former 5,688 SF Restaurant | 75K VPD | 2007 Built | AUCTION OCTOBER 19-21
- High-Exposure Position Just Off Interstate 20: More than 74,800 vehicles pass daily nearby in West Monroe's primary retail and hotel district.
- Cinemark Outparcel Amid National Retailers: Flagged hotels, restaurants, and big-box anchors surround the site and drive consistent traffic.
- 5,688 SF Freestanding Restaurant on 1.34 Acres: Offers a flexible layout for restaurant reuse, retail, entertainment, or service.
- 200 Feet of Frontage with ±50 Parking Spaces: Blanchard Street access and ample paved area support strong visibility and convenient circulation.
- Dense Three-Mile Consumer and Workforce Base: Approximately 38,384 residents and 32,522 daytime employees support local commercial demand.
Executive Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 226 Blanchard Street in West Monroe, Louisiana is a vacant ±5,688 SF freestanding restaurant on ±1.34 acres offered significantly below replacement cost with FIRST BID MEETS RESERVE. Built in 2007, the Property features approximately 200 feet of frontage along Blanchard Street, ±50 surface parking spaces, a recently replaced 2021 roof, and existing restaurant infrastructure suited for reuse or repositioning. The site sits just off Interstate 20 in the Thomas Road commercial district, positioned as an outparcel to Cinemark and surrounded by hotels, national retailers, restaurants, medical facilities, and other demand generators. Traffic on nearby I-20 exceeds 74,800 VPD, while the three-mile trade area includes approximately 38,384 residents and 32,522 daytime employees. Estimated retail market rent is $14–$18 PSF, providing additional lease-up potential for an investor or owner-user seeking to establish an attractive basis in one of West Monroe’s most active commercial corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,688 SF
Building Class
C
Year Built
2007
Price
$175,000
Price Per SF
$30.77
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.34 AC
Zoning
C-2 - commercial
Parking
50 Spaces (8.79 Spaces per 1,000 SF Leased)
Frontage
200’ on Blanchard Street
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 106942 | Improvements Assessment | $82,807 |
| Land Assessment | $30,783 | Total Assessment | $113,590 |
Property Taxes
Parcel Number
106942
Land Assessment
$30,783
Improvements Assessment
$82,807
Total Assessment
$113,590
Contacts
-
Adam Sklaver -
Owen Loomis -
Philip Kates -
Kyle Hynes -
Steve Greer -
Marcus & Millichap
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