Office Unit with On-Site
15384 S Dixie Highway, Monroe, MI 48161
For Sale
Contact for pricing
Front-facing commercial space with dedicated parking and separately paid utilities.
Property Size2,200 SF
Price / SF$0.82
Days on Market49
Property Features for 15384 S Dixie Highway
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Utilities to Site
Listing Agency:
Synergy Realty Group Gerweck
(734) 243-4200
Listed By:
Julie Gerweck-Dazel · License MI #6502341176
(734) 755-1557
Source:
Jimdehaan
Added: Sep 22
Changed: Oct 25
Last Checked: Nov 8 at 5:51AM
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 Synergy Realty Group Gerweck
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering is a front portion office unit measuring approximately 2,200 square feet. The space is identified for office or retail use and does not include the overhead doors located at the rear of the building. Utilities are paid directly by the tenant.
The property is located at 15384 S Dixie Highway in Monroe, Michigan, with approximately 35 parking spaces available on site. The configuration provides a customer-accessible front space with parking separate from the rear overhead-door area.
The property is located at 15384 S Dixie Highway in Monroe, Michigan, with approximately 35 parking spaces available on site. The configuration provides a customer-accessible front space with parking separate from the rear overhead-door area.
Key Highlights
- Approximately 2,200 square feet of office/retail space
- Front portion of the building; rear overhead doors are excluded
- Approximately 35 parking spaces on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,137
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,740
$422.7K
Cap Rate 7%
$301,957
$302.0K
Cap Rate 9%
$234,856
$234.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$33.0K $15.00/SF
− Vacancy
−$2.8K −$1.28/SF
EGI
$30.2K $13.73/SF
− OpEx
−$9.1K −$4.12/SF
NOI
$21.1K $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 Rate 5%
$422,740
Cap Rate 7%
$301,957
Cap Rate 9%
$234,856
Alternative Uses
Best Use
Office B
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap
Second Best
Retail
$302.0K
$264.2K – $352.3K
NOI $21,137 @ 7.0% cap
Theoretical Best
Office A
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 48161, MI
26,571
Population
12,015
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
44.8 sq mi
ZIP Area
593
Density / Sq Mi
$65,517
Median Household Income
$40,184
Median Earnings
$955
Median Rent
$173,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Front-facing commercial space with dedicated parking and separately paid utilities.
Where is this office unit located?
The property is located at 15384 S Dixie Highway Monroe, MI.
What are key features of this property?
This property features: Approximately 2,200 square feet of office/retail space; Front portion of the building; rear overhead doors are excluded; Approximately 35 parking spaces on site
