Retail
1850 N Telegraph Rd Monroe, MI 48162
1850 N Telegraph Rd, Monroe, MI, 48162
Contact for pricing
For Sale
Contact for pricing
Retail building offered for sale with 16,755 total square feet.
Property Size16,755 SF
Price / SF$137.21
Days on Market112
Property Features for 1850 N Telegraph Rd
General Information
- Standard status
- Active
- Size
- 16,755 SF
- Property subtype
- Retail
Listing agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
David M Ward · License #MI
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 5:44AM Checked: Jul 21 at 5:44AM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This offering is a retail building totaling 16,755 square feet, presented for sale under a retail property classification. The published materials describe the asset as “Retail,” indicating it is intended for retail use.
The property address is 1850 N Telegraph Rd in Monroe, Michigan. No additional site, tenant, layout, or frontage details were provided in the information supplied.
For buyers and brokers seeking a retail asset of this size, the available listing data centers on the building’s total square footage and retail designation. Additional due diligence should confirm the existing interior configuration and any operational considerations at the property level.
The property address is 1850 N Telegraph Rd in Monroe, Michigan. No additional site, tenant, layout, or frontage details were provided in the information supplied.
For buyers and brokers seeking a retail asset of this size, the available listing data centers on the building’s total square footage and retail designation. Additional due diligence should confirm the existing interior configuration and any operational considerations at the property level.
Key Highlights
- Retail building for sale with 16,755 total SF
Local Financial Insights For Retail
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 | $251.3k | $15.00 |
| − Vacancy | −$21.4k | −$1.28 |
| EGI | $230.0k | $13.73 |
| − OpEx | −$69.0k | −$4.12 |
| NOI | $161.0k | $9.61 |
16,755 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.68M
NOI $160,974 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$17.28M
$15.12M – $20.16M
NOI $1,209,646 @ 7.0% cap · market cap 52.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ALDI
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building offered for sale with 16,755 total square feet.
Where is this retail space located?
The property is located at 1850 N Telegraph Rd Monroe, MI.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Retail building for sale with 16,755 total SF
