23.5 Acres Mixed-Use Development
15213 S Dixie Hwy Monroe, MI 48161
For Sale
Contact for pricing
Income-producing property with development potential in Monroe, Michigan.
Property Size8,752 SF
Lot Size23.50 Acres
Price / SF$137.11
Days on Market268
Property Features for 15213 S Dixie Hwy
General Information
- Standard status
- Active
- Size
- 8,752 SF
- Lot size
- 23.50 Acres
- Property subtype
- Special Purpose
Listing Agency:
Coldwell Banker Commercial Haynes Real Estate
(734) 625-7100
Listed By:
Tom Fritz · License #6506045434
Source:
Crexi
Added: Oct 31, 2025
Changed: Jul 6
Last Checked: Jul 23 at 5:29AM
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 Coldwell Banker Commercial Haynes Real Estate
Investment Insights
Based on property information with market context.
This 23.5-acre mixed-use property is located at the south end of Monroe, Michigan, on S Dixie Hwy. The property includes a fully leased commercial office/shop building, two large pole barns, and an independently rented residential house generating $1,350.00 per month. The existing buildings and outbuildings utilize 2.0 acres, leaving 21.5 vacant acres of developable land across three separate parcels. The vacant land is zoned for growth, including C-2 (General Commercial) and R-3 classifications. It is suited for projects such as storage units or a commercial yard for contractors requiring ground area. The property offers income from commercial buildings and a residential rental house. The location is strategic, and the zoning allows for flexible development options.
Key Highlights
- 23. 5‑acre mixed‑use property with 21.5 acres of developable land.
- Income‑producing property generating $1,350.00 per month from existing commercial buildings, pole barns, and a rented residential house.
- Strategic location on S Dixie Hwy at the south end of Monroe, Michigan.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.4k | $17.64 |
| − Vacancy | −$24.7k | −$2.82 |
| EGI | $129.7k | $14.82 |
| − OpEx | −$32.4k | −$3.70 |
| NOI | $97.3k | $11.11 |
8,752 SF · lease $17.64/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$9.03M
$7.90M – $10.53M
NOI $631,860 @ 7.0% cap · market cap 52.65%
Second Best
Industrial
$7.43M
$6.50M – $8.67M
NOI $520,356 @ 7.0% cap · market cap 43.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Mixed-use property - Income-producing property with development potential in Monroe, Michigan.
Where is this mixed-use property located?
The property is located at 15213 S Dixie Hwy Monroe, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 23. 5‑acre mixed‑use property with **21.5 acres of developable land**.; Income‑producing property generating $1,350.00 per month from existing commercial buildings, pole barns, and a rented residential house.; Strategic location on S Dixie Hwy at the south end of Monroe, Michigan.
