Retail Space with Monument
For Sale
$975,000
15483 S Dixie Hwy, Monroe, MI 48161
C2-zoned retail property with on-site parking and access to the S Dixie Highway commercial corridor.
Property Size7,000 SF
Price / SF$139.29
Days on Market486
Property Features for 15483 S Dixie Hwy
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Zoning
C2, Commercial
Additional Details
Highway Access
Yes
Amenities
monument signage
building signage
Building Details
Year Built
2014
Listing Agency:
Advantage Commercial Real Estate
Listed By:
Cody Smith · License #6501443789
(248) 892-2634
Source:
Carwm.resimplifi
Added: Jun 16, 2025
Changed: Oct 1
Last Checked: Oct 12 at 4:40PM
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 Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
This 7,000 SF retail building at 15483 S Dixie Highway was constructed in 2014 and previously operated as Hometown Pharmacy. The property provides a dedicated commercial setting with on-site parking, monument signage, and building signage oriented to the highway corridor.
The site is in Monroe, near downtown and with convenient access to I-75. Nearby national and regional businesses include CVS Pharmacy, Walgreens, Meijer, Walmart, Kroger, Dollar Tree, Arby’s, McDonald’s, Taco Bell, Planet Fitness, Phoenix Theatres, and Domka Outdoors. C2, Commercial zoning supports the property’s retail classification.
The site is in Monroe, near downtown and with convenient access to I-75. Nearby national and regional businesses include CVS Pharmacy, Walgreens, Meijer, Walmart, Kroger, Dollar Tree, Arby’s, McDonald’s, Taco Bell, Planet Fitness, Phoenix Theatres, and Domka Outdoors. C2, Commercial zoning supports the property’s retail classification.
Key Highlights
- 7,000 SF retail building constructed in 2014
- C2, Commercial zoning
- Monument and building signage along S Dixie Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,182
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,640
$1.4M
Cap Rate 7%
$974,029
$974.0K
Cap Rate 9%
$757,578
$757.6K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$98.3K $14.04/SF
− Vacancy
−$7.4K −$1.05/SF
EGI
$90.9K $12.99/SF
− OpEx
−$22.7K −$3.25/SF
NOI
$68.2K $9.74/SF
Area
Monroe County, MI
Vacancy
7.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,640
Cap Rate 7%
$974,029
Cap Rate 9%
$757,578
Alternative Uses
Best Use
Specialty Retail
$974.0K
$852.3K – $1.14M
NOI $68,182 @ 7.0% cap · market cap 6.99%
Second Best
Retail
$960.8K
$840.7K – $1.12M
NOI $67,253 @ 7.0% cap · market cap 6.90%
Theoretical Best
Warehouse
$7.22M
$6.32M – $8.42M
NOI $505,373 @ 7.0% cap · market cap 51.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - C2-zoned retail property with on-site parking and access to the S Dixie Highway commercial corridor.
Where is this retail space located?
The property is located at 15483 S Dixie Hwy Monroe, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 7,000 SF retail building constructed in 2014; C2, Commercial zoning; Monument and building signage along S Dixie Highway
