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    Monroe, MI 48162

    For Sale
    $495,000

    Vacant Land - Monroe, MI

    Lot size:
    2.41 Acres
    Days on Market:
    730
    Last Refresh:
    Dec 10 at 8:06 am

    Property Features for

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agricultural
    APN
    0701701620
    Lot size
    2.41 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Tom Fritz (734) 242-8484 License #6501316758

    Listing date Dec 12, 2023

    MLS# 31361948 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

    Development Land on Telegraph Road

    This development property, spanning 2.41 acres, is located on the Northwest corner of Telegraph Road (US-24) and Heiss Road, north of Walmart. The property is zoned for agricultural use and offers potential for various development projects, including a car lot, retail store, or office space. Situated on the high-traffic corridor of N. Telegraph Rd (US-24), the location provides maximum exposure to passing motorists. The property's visibility and traffic count make it suitable for entrepreneurs looking to establish a business in a thriving commercial area. The available space allows for the creation of a space that suits specific business goals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4386
    Latitude
    41.9636

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    FAQs

    What type of property is this?
    Commercial land - 2.41 acres of commercial land with high visibility.
    Where is this commercial land located?
    The property is located at Monroe, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Prime location on high-traffic N. Telegraph Rd (US-24) ensuring maximum visibility.; - Development opportunity with 2 to 10 acres of versatile space.; - High traffic count ideal for attracting a steady flow of customers.
    (734) 242-8484
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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

    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.

    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
    Monroe, MI 48162
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