$995,000
Est. $5,511/moPrice reduced $255,000 from the original $1,250,000 asking price
381 E Main Street, Monroe, WA 98272
• Listed Apr 18, 2025•429 days active · 429 cumulative
Listing Broker: KW North Sound; Lance Otto; 425-330-1947; lanceotto@kw.com
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Listing Broker: KW North Sound; Lance Otto; 425-330-1947; lanceotto@kw.com
About this home
Unlock the Potential – Prime Commercial Opportunity in the Heart of downtown Monroe, this property offers a unique opportunity to reimagine a 4,992 sq. ft. commercial building. Huge room upstairs as well as 2 separate downstairs spaces. 2 bathrooms upstairs & 2 downstairs. This property is full of untapped potential, being vacant & ready for redevelopment or renovation. With excellent Main Street visibility + steady traffic, location is ideal for retail, office, studio, or mixed-use possibilities. Whether you're an investor, developer, or business owner w/ a vision, this is your chance to transform a property w/ strong bones in a fast-growing area. Bring your ideas & unlock the future of this gem! Buyer to verify all to own satisfaction.
Listed by Lance Otto • KW North Sound
Listing updated: September 17, 2026 at 11:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2362061
Around this home
How much should you offer?
381 E Main Street, Monroe, WA 98272
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Comm Bldg Und 10K
Flooring
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- Central Air cooling
Schools
Ratings via SchoolDigger- Frank Wagner ElementaryPublic · Grades PK-5 · 0.7 mi · State rank 948 of 1,1382/10
- Park Place Middle SchoolPublic · Grades 6-8 · 1.1 mi · State rank 262 of 5144/10
- Leaders In LearningPublic · Grades 9-12 · 0.6 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Commercial facts
As entered by the listing broker on Northwest MLS
Building
- Building square feet
- 4,992 sq ft
- Year built
- 2000
Parking & site
- Uncovered parking
- 20
- Acres
- 0.18 acres
- Lot square feet
- 7,841 sq ft
- Zoning jurisdiction
- See Remarks
Taxes & terms
- Total assessed value
- $1,048,100
- Financing
- Cash, Conventional, Owner Will Carry
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 381 E Main Street
NWMLS via MLS Grid · Snohomish County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 17, 2026Price reducedNWMLS via MLS Grid · #2362061$995,000
- Apr 18, 2025ListedNWMLS via MLS Grid · #2362061$1,250,000
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$6,506 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: KW North Sound; Lance Otto; 425-330-1947; lanceotto@kw.com
Market pulse
Monroe is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 75 days.
Recent sales nearby
Within 1 mile · last 6 months$475,000 Sold
2 weeks ago
2 bd•1 ba•~660 sq ft•Single Family
641 North Street, Monroe, WA 98272
0%
Over list
49
Days on market
0.6 mi
Distance
$795,000 Sold
4 weeks ago
4 bd•3.25 ba•~2,468 sq ft•Single Family
20540 Horizon Way SE, Monroe, WA 98272
0%
Over list
26
Days on market
0.9 mi
Distance
$800,000 Sold
5 weeks ago
•Single Family
18440 Killarney Circle, Monroe, WA 98272
6%
Under list
98
Days on market
0.7 mi
Distance
$665,000 Sold
7 weeks ago
3 bd•2.5 ba•~1,619 sq ft•Single Family
18086 W Columbia Street, Monroe, WA 98272
2%
Over list
39
Days on market
1.0 mi
Distance
$673,000 Sold
8 weeks ago
3 bd•2 ba•~1,643 sq ft•Single Family
19875 Mountain Ridge Road SE, Monroe, WA 98272
3%
Under list
105
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 17, 2026 at 2:51 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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