809 W Main St 6,042 SF 100% Leased Office Building Monroe, WA 98272 $350,154 ($57.95/SF) 7.15% Cap Rate

Turnkey commercial condo in the heart of downtown Monroe, just off West Main Street next to Frank Wagner Elementary. The property is approximately 1,100 square feet across two units (D and G), fully leased to Indulge Yourself Salon and Spa on a single modified gross lease running through March 1, 2028 at $2,266 per month, with 3–5% annual rent increases built in.
This is about as passive as small commercial ownership gets. The tenant covers utilities and the monthly HOA dues, and the Owners' Association maintains the building exterior, grounds, and parking while covering water, sewer, garbage, and building insurance. That leaves property tax as the owner's only recurring expense — roughly $2,156 per year — producing a clean $25,036 NOI and a 7.15% cap rate at the asking price.