Property profile

1090 Dixie Dr Monroe, MI 48162

OFF-MARKET
Industrial properties
2,090 SF 0.31 ac lot Built 1949
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Property summary

AI-generated overview

This exceptional 2,090 square foot industrial property, located at 1090 N Dixie in Monroe, Michigan, presents a remarkable investment opportunity. Situated on a 0.31-acre lot, this property offers significant potential for a variety of commercial uses. Previously operating as a successful bar and grill, a key advantage is the inclusion of a valuable liquor license, streamlining the transition for prospective buyers seeking a similar business venture. The spacious interior is well-suited for a range of commercial applications, offering a welcoming atmosphere ideal for customer interaction and engagement. The property's prime location in the heart of Monroe ensures high visibility and accessibility, benefiting from substantial foot and vehicle traffic. Furthermore, the sale includes the option to acquire two adjacent lots to the west, significantly expanding the property's footprint. This additional land provides ample space for expansion projects, outdoor seating areas, or increased parking capacity, enhancing the property's overall functionality and appeal. This is a rare chance to acquire a well-positioned commercial property with a valuable liquor license and significant expansion potential in a desirable Monroe location. The asking price is $275,000.

Property profile

Verified
Property type Industrial properties
Year built 1949
Total area 2,090 SF
Lot 0.31 ac (13,504 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1090 Dixie Dr Monroe, MI 48162
Monroe metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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