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    Monroe St Monroe, MI 48162

    For Sale
    $375,000

    High-value commercial property, ideal for investors.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial property, located on N Monroe Street in Monroe, MI, presents a compelling investment opportunity. The property encompasses a substantial 4800 square feet of building space situated on a generous 0.49-acre lot. Currently occupied by a month-to-month tenant, this offers immediate income potential for investors. Alternatively, the property is well-suited for owner-occupancy, allowing businesses to establish a strong presence in a thriving area. The current tenant provides a stable income stream, offering flexibility for future plans. The property's assessed value by Frenchtown Township is significantly higher than the asking price of $375,000, making this a potentially lucrative investment with significant upside. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The substantial lot size provides ample space for expansion or future development, adding to its long-term value. Don't miss this chance to acquire a high-value commercial property in a desirable location at a price significantly below market assessment. Serious inquiries only.

    Property Features for Monroe St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1968
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.39645
    Latitude
    41.91806

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    FAQs

    What type of property is this?
    Commercial real estate - High-value commercial property, ideal for investors.
    Where is this commercial real estate located?
    The property is located at Monroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    (734) 459-7646
    Request Owner's contact information
    Monroe St 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 St Monroe, MI 48162
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