Property profile

630 N Telegraph Rd Monroe, MI 48162

FOR SALE
Commercial real estate
Property ID
US43-0996353
9,500 SF 1.18 ac lot Built 1955
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 630 N Telegraph in Monroe, MI, presents a prime commercial opportunity. The 26,725 square foot building sits on a 1.18-acre lot, offering unparalleled visibility with 360 feet of frontage on the bustling Telegraph Road Corridor. Benefit from high daily traffic counts exceeding 31,500 vehicles, placing your business in close proximity to major retailers including Meijer, Walmart, Lowe's, Starbucks, Discount Tire, Panera Bread, and TJ Maxx. The building features impressive 18-foot ceilings, providing ample space and flexibility for a variety of uses. This property is ideally suited for businesses seeking maximum exposure and convenient access to a high volume of consumers. The existing structure can be utilized as-is, or the site presents an excellent opportunity for redevelopment to suit specific business needs. Further enhancing its appeal, an adjacent site to the north is also available for purchase, providing the potential for additional parking or expansion. This is a rare chance to secure a prominent location on one of Monroe's busiest thoroughfares. The asking price is $1,795,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Construction WOOD FRAME
Total area 9,500 SF
Lot 1.18 ac (51,401 SF)
Zoning code R-1A
APN 55-69-00718-000
UPID US43-0996353

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

630 N Telegraph Rd Monroe, MI 48162
Monroe metro Census 831400 MONROE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$610k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2023
Price N/A
2019
Price N/A
2018
Price N/A
2014
$1.1M

Zoning & alternative use

R-1A · Monroe, MI
Top alternative use upside
Office building $870,000 +8.0%

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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More about this property
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