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    FOR SALE
    Commercial real estate

    630 N Telegraph Rd, Monroe, MI 48162

    9,500 SF 1.18 ac lot Built 1955
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-0996353
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Freight Furniture, Mattress, Appliance Furniture & Home Goods Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.20M
    Blend (final) Blend
    $1.21M
    Owner & transaction history
    Tc 630 N Telegraph LLC · 2 yrs held
    Tc 630 N Telegraph LLC
    since 2024
    5 recorded transactions
    2024
    2023
    2019
    2018
    2014
    $1.1M
    Zoning & alternative use
    R-1A · Monroe, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $870,000 +8.0%
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    More about this property
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