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    For Sale (43)

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    Residential Land in Dundee, MI
    $79,000
    1.02 Acres

    Residential Land in Dundee, MI

    Vacant residential land available in Dundee, Michigan.

    2 Covell Rd, Dundee, MI 48131
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    Monroe Commercial Property Development Opportunity
    $1,200,000
    1.35 Acres

    Monroe Commercial Property Development Opportunity

    1.3 acre MU-2 zoned property in vibrant retail district.

    227 Stewart Rd, Monroe, MI 48162
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    Vacant Land in Monroe, MI
    $74,900
    2.14 Acres

    Vacant Land in Monroe, MI

    2.14 acres of vacant land for sale in Monroe.

    N Raisinville Rd, Monroe, MI 48162
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    Residential Land in Newport, MI
    $299,900
    9.09 Acres

    Residential Land in Newport, MI

    9+ acre residential land parcel in a country setting.

    Williams Rd, Newport, MI 48166
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    Residential Land in Dundee, MI
    $79,000
    1.02 Acres

    Residential Land in Dundee, MI

    Residential land available in Dundee, Michigan.

    4 Covell Rd, Dundee, MI 48131
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    Residential Land in Dundee, MI
    $79,000
    1.02 Acres

    Residential Land in Dundee, MI

    Vacant residential land available in Dundee, Michigan.

    3 Covell Rd, Dundee, MI 48131
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    Residential Land in Dundee, MI
    $79,000
    1.02 Acres

    Residential Land in Dundee, MI

    Vacant land suitable for building a home.

    6 Covell Rd, Dundee, MI 48131
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    Residential Land in Dundee, MI
    $79,000
    1.02 Acres

    Residential Land in Dundee, MI

    Vacant residential land available in Dundee, Michigan.

    5 Covell Rd, Dundee, MI 48131
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    Erie, MI Vacant Land
    Contact for pricing
    0.46 Acres

    Erie, MI Vacant Land

    Two industrial lots in Erie, MI with clear title.

    589 Marquette St, Erie, MI 48133
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    Residential Land in Established Subdivision
    $42,900
    0.54 Acres

    Residential Land in Established Subdivision

    0.54-acre corner parcel for dream home in Monroe, MI.

    1691 Glenridge Ln, Monroe, MI 48162
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    Versatile Commercial Property on M-125
    Contact for pricing
    4,416 SF

    Versatile Commercial Property on M-125

    Adaptable 4,416 SF commercial space on 1.62 acres.

    2600 N Monroe St, Monroe, MI 48162
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    Newport Land: Prime Investment Opportunity
    $599,000

    Newport Land: Prime Investment Opportunity

    Vacant land, renewable energy potential, high ROI.

    2552 Newport Charter Township Of, Charter Township of Berlin, MI 48166
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    Development Opportunity on N. Telegraph
    Contact for pricing

    Development Opportunity on N. Telegraph

    2 to 10 acres on high-traffic N. Telegraph Rd.

    N Telegraph Rd, Monroe, MI 48162
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    Oakville Waltz: 8-Acre Development Site
    $299,900
    8.00 Acres

    Oakville Waltz: 8-Acre Development Site

    Prime Commercial/Residential Land, $299,900

    0 Oakville Waltz Rd, Carleton, MI 48164
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    Prime Monroe Industrial Office Building
    $325,000
    4,850 SF

    Prime Monroe Industrial Office Building

    Spacious Law Firm Office - Excellent Location

    204 Macomb St, Monroe, MI 48161
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    High-Visibility Monroe Industrial Space
    $1,795,000
    26,725 SF

    High-Visibility Monroe Industrial Space

    26,725 SF Building, 1.18 Acres

    630 Telegraph Rd, Monroe, MI 48162
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    Versatile Flex Space in Deerfield
    $250,000
    5,146 SF

    Versatile Flex Space in Deerfield

    Flex space with industrial and office buildings in Deerfield.

    420 Carey St, Deerfield, MI 49238
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    Versatile Commercial Property on M-125
    $369,900
    4,416 SF

    Versatile Commercial Property on M-125

    4,416 SF flexible space on 1.62 acres, high visibility.

    2600 N Monroe St, Monroe, MI 48162
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    15,662-SFG Medical Center For Sale or Lease
    $1,995,000
    15,662 SF

    15,662-SFG Medical Center For Sale or Lease

    15,662-SFG Medical Center For Sale or Lease

    1180 N Monroe, Monroe, MI 48162
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    Medical Office Condo For Sale
    $99,900
    1,023 SF

    Medical Office Condo For Sale

    1,023 SF medical office condo in Monroe, Michigan.

    132 Cole Rd, Monroe, MI 48162
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    Sleek Office Space Available
    $925,000
    8,784 SF

    Sleek Office Space Available

    Open floor plan office space in prime location.

    6711 Monroe St, Sylvania, OH 43560
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    Turn-Key Restaurant Opportunity
    $349,900
    1,975 SF

    Turn-Key Restaurant Opportunity

    Renovated restaurant with furniture, fixtures, and equipment included.

    33518 W Jefferson Ave, Farmington, MI
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    Renovated Office Space on Monroe
    $459,900
    2,300 SF

    Renovated Office Space on Monroe

    2,300 SF renovated office space with high street visibility.

    752 S Monroe St, Monroe, MI 48161
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    Prime Commercial Land Opportunity
    $239,900

    Prime Commercial Land Opportunity

    2.18-acre parcel with high visibility and traffic.

    5115 N Dixie Hwy, Newport, MI 48166
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    Bolles Harbor Cafe Opportunity
    $249,500
    1,620 SF

    Bolles Harbor Cafe Opportunity

    Turnkey cafe opportunity in Bolles Harbor, fully equipped.

    13989 Laplaisance Rd, Monroe, MI 48161
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    40.71 Acres on Telegraph Road
    $3,399,000

    40.71 Acres on Telegraph Road

    Prime land parcel with high visibility and accessibility.

    N Telegraph Rd, Newport, MI 48166
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    Prime Commercial Land Parcel
    $995,000

    Prime Commercial Land Parcel

    3+ acre commercial land parcel at I-275 & Telegraph Road.

    Telegraph Rd, Carleton, MI 48117
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    Professional Building in High-Visibility Corridor
    $459,900

    Professional Building in High-Visibility Corridor

    Well-maintained commercial building with strong income and high visibility.

    750 S Monroe St, Monroe, MI 48161
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    40.71 Acre Development Opportunity
    $3,399,000

    40.71 Acre Development Opportunity

    40.71 acres on Telegraph Road near I-75 and I-275.

    Berlin Township, MI 48166
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    Office Space in Prime Location
    $925,000

    Office Space in Prime Location

    Sleek office space ideal for startups or established companies.

    6711 Monroe St, Toledo, OH 43560
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    Prime Acreage Near Promedica Hospital
    $285,000

    Prime Acreage Near Promedica Hospital

    One-acre outlet near Circle K, ideal for healthcare or retail.

    1290 N Monroe B, Monroe, MI 48162
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    Prime Acreage Near Circle K
    $550,000

    Prime Acreage Near Circle K

    One-acre outlet adjacent to Circle K, near Promedica Hospital.

    1290 N Moroe St, Monroe, MI 48162
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    33518 Jefferson Rockwood, MI 48173
    $349,900

    33518 Jefferson Rockwood, MI 48173

    Restaurants

    33518 Jefferson Ave, Rockwood, MI 48173
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    Medical Office Building in Monroe
    $1,995,000
    15,662 SF

    Medical Office Building in Monroe

    Single-story medical office building on 6.32-acre parcel for sale.

    1180 N Monroe St, Monroe, MI 48162
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    Office Building Near Court House
    $395,000
    4,850 SF

    Office Building Near Court House

    Well-maintained 4,850 SF office building with parking.

    204 S Macomb St, Monroe, MI 48161
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    High-Visibility Commercial Property For Sale
    $459,900
    5,000 SF

    High-Visibility Commercial Property For Sale

    5,000 SF commercial building with showroom and warehouse.

    2390 N Telegraph Rd, Monroe, MI 48162
    View details
    Modernized Property Ready for New
    $225,000
    2,748 SF

    Modernized Property Ready for New

    Daycare facility with updated systems, ready for new owner.

    942 E 3Rd St, Monroe, MI 48161
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    Prime Commercial Land on Telegraph
    $319,900
    2,000 SF

    Prime Commercial Land on Telegraph

    1.36 acre commercial parcel with high traffic volume.

    833 N Telegraph Rd, Monroe, MI 48161
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    23.5 Acres Mixed-Use Development Land
    $1,200,000
    8,752 SF

    23.5 Acres Mixed-Use Development Land

    Income-producing property with development potential in Monroe, Michigan.

    15213 S Dixie Hwy, Monroe, MI 48161
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    Retail Building for Grocery Market
    $279,900

    Retail Building for Grocery Market

    Retail building suited for grocery, convenience store, or neighborhood retail.

    1104 E 4Th St, Monroe, MI 48161
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    Monroe Development Opportunity For Sale
    $1,250,000

    Monroe Development Opportunity For Sale

    Prime commercial land near I-75, ideal for development.

    803 Nadeau Rd, Monroe, MI 48162
    View details
    Prime Commercial Land Opportunity
    $550,000

    Prime Commercial Land Opportunity

    2-acre commercial land for sale in Frenchtown Township, MI.

    1290 N Monroe St, Monroe, MI 48162
    View details
    Prime Retail Development Opportunity
    $276,000

    Prime Retail Development Opportunity

    1+ acre retail development near major retailers and national chains.

    2406 N Telegraph Rd, Monroe, MI 48162
    View details

    For Lease (11)

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    Grafton Road Medical Office Space
    $10 SF/Yr
    4,050 SF

    Grafton Road Medical Office Space

    Prime Monroe County medical/office building.

    7050 Grafton Rd, Newport, MI 48166
    View details
    Updated Office Space For Rent
    $4,500 / Mo
    4,985 SF

    Updated Office Space For Rent

    4985 SF office space with high visibility near Kroger.

    15525 S Dixie Hwy, Monroe, MI 48161
    View details
    Retail Space in Hampton Plaza
    $15 SF/Yr
    1,263 SF

    Retail Space in Hampton Plaza

    Retail space available for lease in Hampton Plaza.

    1337 N Telegraph Rd, Monroe, MI 48162
    View details
    Downtown Monroe Office Space Available
    $1,400 / Mo
    1,176 SF

    Downtown Monroe Office Space Available

    Office space for rent near Courthouse and City/County offices.

    313 S Monroe St, Monroe, MI 48161
    View details
    Prime Second-Floor Commercial Office Space
    $495 / Mo
    676 SF

    Prime Second-Floor Commercial Office Space

    Move-in ready office space in a historic downtown building.

    25 Washington St, Monroe, MI 48161
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    Downtown Retail Space Available
    $1,000 / Mo
    1,200 SF

    Downtown Retail Space Available

    1000 SF retail space in Monroe's Business District.

    45 S Monroe St, Monroe, MI 48161
    View details
    Renovated Retail Space on US-24
    $22 SF/Yr
    1,263 SF

    Renovated Retail Space on US-24

    High-visibility retail space in a renovated shopping center.

    1429 North Telegraph Rd, Monroe, MI 48162
    View details
    Office Suite in Townsite Plaza
    $1,200 / Mo
    1,554 SF

    Office Suite in Townsite Plaza

    Office suite featuring private offices and reception area for rent.

    6021 Parkside St, Monroe, MI 48161
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    Medical Suite Near Promedica Hospital
    $1,500 / Mo

    Medical Suite Near Promedica Hospital

    1150 SF medical suite with reception, exam rooms, parking.

    905 N Macomb St, Monroe, MI 48162
    View details
    Versatile Industrial Property Near Interstates
    Contact for pricing

    Versatile Industrial Property Near Interstates

    Light industrial property with warehouse space and convenient interstate access.

    12010 Telegraph Rd, Carleton, MI 48117
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    Retail and Office Spaces Available
    Contact for pricing

    Retail and Office Spaces Available

    Retail and office spaces available for rent.

    1269 N Telegraph Rd, Monroe, MI 48162
    View details

    Leases and Sales on Map

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    Coldwell Banker Haynes Real Estate, Inc.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Coldwell Banker Haynes Real Estate, Inc.
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