Flex Space with Fenced
For Sale
$350,000
3988 N Dixie Highway, Monroe, MI 48162
Commercial zoning and a boat launch add to the property's practical utility.
Property Size3,576 SF
Price / SF$97.87
Days on Market50
Property Features for 3988 N Dixie Highway
General Information
Standard status
Active
Size
3,576 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$5,327
Amenities
Boat Launch
Building Details
Building Size
3,576 SF
Year Built
1953
Buildings
2
Units
1
Listed By:
JEFF Gates
(586) 298-1509
Source:
Housewant
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 27 at 4:24AM
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 JEFF Gates
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Investment Insights
Based on property information with market context.
Built in 1953, this 3,576-square-foot flex property has a main building with three bay doors, radiant floor heat, an office, kitchenette, and bathroom. A separate 24 x 36 garage provides additional enclosed space, while the fenced yard includes a boat launch.
The property is zoned Commercial and is located on N Dixie Highway in Frenchtown Township, Michigan.
The property is zoned Commercial and is located on N Dixie Highway in Frenchtown Township, Michigan.
Key Highlights
- 3,576‑square‑foot flex property
- Main building has three bay doors and radiant floor heat
- Office, kitchenette, and bathroom in the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,762
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,240
$435.2K
Cap Rate 7%
$310,886
$310.9K
Cap Rate 9%
$241,800
$241.8K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$35.6K $9.96/SF
− Vacancy
−$2.1K −$0.60/SF
EGI
$33.5K $9.36/SF
− OpEx
−$11.7K −$3.28/SF
NOI
$21.8K $6.09/SF
Area
Monroe County, MI
Vacancy
6.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,240
Cap Rate 7%
$310,886
Cap Rate 9%
$241,800
Alternative Uses
Best Use
Industrial
$3.04M
$2.66M – $3.54M
NOI $212,613 @ 7.0% cap · market cap 60.75%
Second Best
Flex RnD
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 6.22%
Theoretical Best
Warehouse
$3.69M
$3.23M – $4.30M
NOI $258,173 @ 7.0% cap · market cap 73.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial zoning and a boat launch add to the property's practical utility.
Where is this flex space located?
The property is located at 3988 N Dixie Highway Monroe, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,576‑square‑foot flex property; Main building has three bay doors and radiant floor heat; Office, kitchenette, and bathroom in the main building
