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    942 3Rd St Monroe, MI 48161

    Sponsored
    For Sale
    $225,000

    Updated Industrial Space - Ready to Go!

    Property size:
    2,748 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 2,748 square foot industrial building, located at 942 E Third Street in Monroe, MI, presents a unique opportunity for a variety of businesses. Situated on a 0.16-acre lot, the property offers significant potential for immediate occupancy. The building's recent renovations are extensive, including a new roof, furnace, HVAC system, plumbing, and electrical work. This comprehensive modernization ensures low maintenance costs and peace of mind for the new owner. Previously used as a daycare center, the versatile layout offers adaptable space suitable for various commercial uses. The building's well-maintained amenities and modern infrastructure provide a strong foundation for a successful business venture. The asking price is $225,000. This turnkey property is ready for immediate use, eliminating the need for costly renovations and allowing for a quick start to operations. Its central Monroe location offers convenient access to transportation routes and local amenities. Don't miss this chance to acquire a move-in ready industrial space in a prime location.

    Property Features for 942 3Rd St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,748 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    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
    -83.38828
    Latitude
    41.90828

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    FAQs

    What type of property is this?
    Industrial property - Updated Industrial Space - Ready to Go!
    Where is this industrial property located?
    The property is located at 942 3Rd St Monroe, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    (734) 242-8484
    Request Owner's contact information
    942 3Rd St Monroe, MI 48161
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    Monroe, MI 48161
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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
    942 3Rd St Monroe, MI 48161
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