Storefront Building with Central
For Sale
$259,000
1090 N Dixie Highway, Monroe, MI 48162
Established commercial building with central air and ceiling fans.
Property Size2,090 SF
Price / SF$123.92
Days on Market217
Property Features for 1090 N Dixie Highway
General Information
Standard status
Active
Size
2,090 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
Central Air, Ceiling Fan(s)
3
Laminate
Flat
90150
Building Details
Year Built
1949
Listing Agency:
Century 21 Allstar Real Estate Team, Inc
(734) 777-9225
Listed By:
Linda Selvidge · License #6501367718
(734) 777-9225
Source:
Xome
Added: Jan 4
Changed: Aug 8
Last Checked: Aug 9 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allstar Real Estate Team, Inc
Investment Insights
Based on property information with market context.
This storefront property at 1090 N Dixie Highway in Monroe, Michigan, contains 2,090 square feet and was built in 1949. Interior features include central air, ceiling fans, and laminate finishes, providing established commercial infrastructure for a range of storefront applications.
The property is positioned along N Dixie Highway with stated proximity to I-75 and surrounding retail, office, and industrial businesses. Detroit Metro is also described as within minutes of the property. Its visible highway setting and existing building improvements create a straightforward commercial format for an owner-user or investor evaluating a Monroe location.
The property is positioned along N Dixie Highway with stated proximity to I-75 and surrounding retail, office, and industrial businesses. Detroit Metro is also described as within minutes of the property. Its visible highway setting and existing building improvements create a straightforward commercial format for an owner-user or investor evaluating a Monroe location.
Key Highlights
- 2,090‑square‑foot storefront property
- Built in 1949
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,600
$401.6K
Cap Rate 7%
$286,857
$286.9K
Cap Rate 9%
$223,111
$223.1K
Market Conditions
NOI Build-Up for 2,090 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.4K $15.00/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$28.7K $13.73/SF
− OpEx
−$8.6K −$4.12/SF
NOI
$20.1K $9.61/SF
Area
Monroe County, MI
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,600
Cap Rate 7%
$286,857
Cap Rate 9%
$223,111
Alternative Uses
Best Use
Retail
$286.9K
$251.0K – $334.7K
NOI $20,080 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.16M
$1.89M – $2.51M
NOI $150,890 @ 7.0% cap · market cap 58.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48162, MI
29,156
Population
12,698
Households
2.3
Avg Household Size
43
Median Age
24%
College-Educated
91%
High-School Grad
57.5 sq mi
ZIP Area
507
Density / Sq Mi
$68,801
Median Household Income
$41,678
Median Earnings
$912
Median Rent
$192,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Established commercial building with central air and ceiling fans.
Where is this storefront property located?
The property is located at 1090 N Dixie Highway Monroe, MI.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 2,090‑square‑foot storefront property; Built in 1949; Central air and ceiling fans
