Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in High Traffic Title is generated by Realmo AI

    1066 Telegraph, Monroe, MI 48161

    View on Map
    Claim this Listing
    For Lease
    $1,300/Mo $12 SF/Yr (calc)

    Commercial/Industrial - Monroe, MI

    Property size:
    1,219 SF
    Lot size:
    4.60 Acres
    Added:
    Feb 24, 2025
    Days on Market:
    442
    Last Refresh:
    May 12 at 8:06 am

    Property Features for 1066 Telegraph

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Interior features
    Ceramic Floor, Pole Sign, Restroom(s)
    Standard status
    Active
    APN
    1202006700
    Size
    1,219 SF
    Lot size
    4.60 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Carrie Cartwright
    Carrie Cartwright

    Listing agent Carrie Cartwright License #6502130142

    Listing office Century 21 Allstar Real Estate Team, Inc 15375 S. Dixie Hwy, Monroe, MI

    Listing date Feb 24, 2025

    MLS# 50167231 Listing URL

    Copyright © 2026 Southeastern Border Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High traffic location on Telegraph Road
    • Ceramic tiled floor
    • Prior use as a Hair Salon
    • Located in a mall with Monroe Grill Restaurant
    • Central Air and Forced Air Heating
    • Pole Sign available

    Overview

    This commercial space offers 1,219 square feet and features ceramic tile flooring. It is situated in a high-traffic area on Telegraph Road. The property is located within a mall where Monroe Grill Restaurant is also located. The lot size is 4.6 acres. The property's prior use was as a hair salon. The property is located in Monroe, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hair Graphics Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4078766
    Latitude
    41.9351435

    Nearby Similar for Lease

    • $1,795/Mo

      Monroe Office/Retail Spaces Available

      Spacious office/retail spaces for lease in Monroe, Michigan.
      15384 S Dixie, Monroe, MI 48161
      View Details
    • $2,500/Mo

      Turn-Key Office Space Available

      2,600 sq ft professional office space for lease.
      15502 S Telegraph, Monroe, MI 48162
      View Details
    • $2,012/Mo

      Monroe Retail Space For Lease

      Retail space available for lease in Monroe, Michigan.
      14930 #131 &132 LaPlaisance, Monroe, MI 48161
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      2400 sq ft office space in high-traffic area.
      1070 S Telegraph Rd, West Monroe, MI 48161
      View Details
    • $936/Mo

      Retail and Office Spaces Available

      Renovated strip mall units with high exposure on S. Telegraph.
      970 S Telegraph Rd, MonroeCharterTownship_Monroe, MI 48161
      View Details
    • $992/Mo

      Monroe Commercial Space For Rent

      Commercial space available for lease in Monroe, Michigan.
      14930 #130 LaPlaisance, Monroe, MI 48161
      View Details
    • $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
    • Sponsored
      Contact for pricing

      MI, Monroe - S Monroe St

      428 Monroe St, Monroe, MI 48161
      View Details
    • $495/Mo

      Prime Second-Floor Commercial Office Space

      Move-in ready office space in a historic downtown building.
      25 Washington St, Monroe, MI
      View Details
    • $1,400/Mo

      Downtown Monroe Office Space Available

      Office space for rent near Courthouse and City/County offices.
      313 S Monroe St, Monroe, MI
      View Details
    • $2,964/Mo

      Renovated Strip Mall Units Available

      Retail and office units available in renovated strip mall.
      986 S Telegraph Road, Monroe Charter Township, MI 48161
      View Details
    • $2,000/Mo

      Monroe Office Space For Rent

      Office space in high-traffic area, previously a dental office.
      1068 Telegraph, Monroe, MI 48161
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,219 SF retail space in high-traffic Monroe location.
    Where is this retail space located?
    The property is located at 1066 Telegraph Monroe, MI.
    What is the lease rate?
    The lease rate is $1,300 /Mo.
    What are key features of this property?
    This property features: High traffic location on Telegraph Road; Ceramic tiled floor; Prior use as a Hair Salon
    (734) 819-1155
    We can help!
    Listing Contact
    Carrie Cartwright
    Carrie Cartwright
    Real Estate License ID: 6502130142
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1066 Telegraph, Monroe, MI 48161
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!