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    1290 N Monroe St Monroe, MI 48162

    Picture of Self storage facilities at N Monroe St 1290, Monroe, MI
    For Sale
    $285,000

    Vacant Land - Monroe, MI

    Lot size:
    1.00 Acre
    Days on Market:
    732
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 1290 N Monroe St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    07 124 016 10
    Exterior features
    Street Lights
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    Coldwell Banker Haynes Real Estate, Inc. (734) 242-8484 [email protected]

    Listing agent Cole McNew (734) 242-8484 License #6501447424

    Listing date Dec 11, 2023

    MLS# 50106762 Listing URL

    Copyright © 2025 Monroe County 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.

    Overview

    Monroe Vacant Land For Sale

    This 1-acre commercial land is located adjacent to Circle K in Frenchtown Township. The site, formerly a Kmart, is planned to be redeveloped into a self-storage facility. Situated in a medical services corridor and approximately 2 miles from Promedica Hospital, the property is suitable for healthcare providers, retailers, or storage businesses. The surrounding area includes a mix of commercial and residential neighborhoods, with shopping in downtown Monroe and national chain restaurants and stores, including Walmart and Meijer, located to the north. An additional acre is available for potential expansion or development. The property offers convenient access to I-75 exit 15, located approximately 4 miles away. The zoning is commercial, allowing for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service Prime Storage Self-Storage Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.387419
    Latitude
    41.93433

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    FAQs

    What type of property is this?
    Self storage facility - 1-acre commercial land near Circle K, ideal for development.
    Where is this self storage facility located?
    The property is located at 1290 N Monroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Prime 1-acre location adjacent to Circle K in Frenchtown Township, formerly the Kmart site.; - Strategic location in a medical services corridor, 2 miles from Promedica Hospital.; - Excellent mix of commercial and residential neighborhoods with convenient access to shopping and national chain stores (Walmart, Meijer).
    (734) 242-8484
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    1290 N Monroe St Monroe, MI 48162
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    Monroe, MI 48162
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    Realmo Value Estimation

    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

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    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.

    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
    1290 N Monroe St Monroe, MI 48162
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