Monroe Commercial Property For
For Sale
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3325 N Dixie Hwy, Monroe, MI 48162
1285 SF commercial building in Monroe, MI for sale.
Property Size1,285 SF
Price / SF$140.08
Days on Market179
Property Features for 3325 N Dixie Hwy
General Information
Standard status
Active
Size
1,285 SF
Property subtype
Office
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Wiens & Roth Real Estate
(734) 777-0490
Listed By:
Wiens & Roth · License #6504386409
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 19 at 10:35PM
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 Wiens & Roth Real Estate
Investment Insights
Based on property information with market context.
This property in Monroe, MI, presents an investment opportunity. The property includes a 1,285 square foot building constructed in 1972. It is suited for diverse commercial uses. The property is zoned R-1-R, offering flexibility for development options. The property's location in Monroe provides a prospect for land or office investment.
Key Highlights
- Strategic location in the Monroe area.
- Versatile 1,285 square foot building suitable for diverse commercial uses.
- Zoned R‑1‑R, providing flexibility for various development options.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,280
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,600
$285.6K
Cap Rate 7%
$204,000
$204.0K
Cap Rate 9%
$158,667
$158.7K
Market Conditions
NOI Build-Up for 1,285 SF
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.
Gross rent
$22.7K $17.64/SF
− Vacancy
−$3.6K −$2.82/SF
EGI
$19.0K $14.82/SF
− OpEx
−$4.8K −$3.70/SF
NOI
$14.3K $11.11/SF
Area
Monroe County, MI
Vacancy
16.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,600
Cap Rate 7%
$204,000
Cap Rate 9%
$158,667
Alternative Uses
Best Use
Office B
$204.0K
$178.5K – $238.0K
NOI $14,280 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,772 @ 7.0% cap · market cap 51.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 48162, MI
29,156
Population
12,698
Households
2.3
Avg Household Size
43
Median Age
24%
College-Educated
91%
High-School Grad
57.5 sq mi
ZIP Area
507
Density / Sq Mi
$68,801
Median Household Income
$41,678
Median Earnings
$912
Median Rent
$192,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 1285 SF commercial building in Monroe, MI for sale.
Where is this office units located?
The property is located at 3325 N Dixie Hwy Monroe, MI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Strategic location in the Monroe area.; Versatile 1,285 square foot building suitable for diverse commercial uses.; Zoned R‑1‑R, providing flexibility for various development options.
