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15479 S Telegraph Rd Monroe, MI 48161

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For Sale
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Three-tenant strip center in Monroe, Michigan, 100% occupied.

Property size:
4,604 SF
Lot size:
1.20 Acres

Property Features for 15479 S Telegraph Rd

General Information

Standard status
Active
Zoning
Commercial
Size
4,604 SF
Lot size
1.20 Acres

Building Details

Year built
1998

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Listing Contact
Alex Van Krevel
Alex Van Krevel
Source: Crexi

Listing Agency: Passov Real Estate Group Listing Agent: Alex Van Krevel

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Occupied Strip Center For Sale

Telegraph Shops is a fully occupied, three-tenant neighborhood strip center located on South Telegraph Road in Monroe, Michigan. The property contains 4,604 square feet and sits on approximately 1.2 acres. Constructed in 1998, the center features a brick exterior, individually metered utilities, rear-positioned ground-mounted HVAC systems, and ample surface parking with 40 spaces. There is one point of two-way ingress and egress. The rent roll is anchored by Northwestern Mutual, a nationally recognized financial services firm occupying approximately 52% of the center, alongside First American Title, a subsidiary of a publicly traded national title insurance provider, and Delaney’s Counseling Services, a locally rooted mental health counseling practice. All tenants operate professional, service-based businesses with appointment-driven models. The current weighted average lease term is approximately 2.9 years, with contractual rent increases in place for two of the three tenants. Located in an established Monroe trade area, Telegraph Shops benefits from consistent demand for convenience-oriented professional services. The property offers investors defensive in-place cash flow, embedded rent growth, and long-term NOI expansion potential.
Location Intelligence

Current Use by Public Records

First American Title ... Title Company Delaney Counseling Services Counselor Hearthstone Counseling, PLLC Counselor FedEx Drop Box Postal Service Union Home Mortgage ... Loan Service

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Monroe
County
Monroe
State
Michigan
Longitude
-83.428962
Latitude
41.901236

FAQs

What type of property is this?
Strip mall - Three-tenant strip center in Monroe, Michigan, 100% occupied.
Where is this strip mall located?
The property is located at 15479 S Telegraph Rd Monroe, MI.
What are key features of this property?
This property features: - Attractive 8.25% cap rate and $116 PSF purchase price.; - 100% occupied with a rent roll anchored by Northwestern Mutual.; - Significant mark-to-market rental upside potential.
More about this property
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