Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Property with Crane Access Title is generated by Realmo AI

    550 Ternes Drive, Monroe, MI 48162

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile industrial space featuring crane, offices, and warehouse areas.

    Type:IND
    Added:
    Oct 3, 2025
    Days on Market:
    233
    Last Refresh:
    Apr 3 at 5:00 am

    Property Features for 550 Ternes Drive

    General Information

    Standard status
    Active
    Property subtype
    IND

    Spaces For Lease

    at 550 Ternes Drive Contact us

    We can help!

    Listing Contact
    Trevor Brooks

    Listing agent Trevor Brooks

    Listing office KW Commercial | Living, MI

    Listing date Oct 3, 2025

    Source Realnex

    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 KW Commercial | Living, MI

    HighLights

    • Zoned I‑2 (General Industrial) allowing for a wide range of manufacturing, warehousing, and distribution uses.
    • Warehouse equipped with a 10‑ton crane and four large overhead doors.
    • Well‑appointed office area including multiple private offices, a conference room, and a kitchenette.
    • Warehouse includes multiple offices, a storage/tool room, and locker rooms.
    • Both indoor and outdoor break areas for warehouse staff.
    • Dayton heaters in the warehouse.

    Overview

    This industrial property includes well-appointed office areas with multiple private offices, a conference room, a kitchenette, a lobby, a break room, utility spaces, and a unisex restroom. The warehouse area is equipped for production and distribution, featuring multiple offices, a storage/tool room, locker rooms, a 10-ton crane, four large overhead doors, and Dayton heaters. Both indoor and outdoor break areas are available. The property is zoned I-2 (General Industrial), permitting a wide range of manufacturing, warehousing, and distribution uses, offering flexibility for future occupants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bar Processing Corporation Industrial Manufacturer

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Hotel & Motel Kitchen & Bath Showroom Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3649481
    Latitude
    41.9175968

    Nearby Similar for Lease

    • $1,795/Mo
      2,200 SF

      Monroe Office/Retail Spaces Available

      Spacious office/retail spaces for lease in Monroe, Michigan.
      15384 S Dixie, Monroe, MI 48161
      View Details
    • $2,500/Mo
      2,630 SF

      Turn-Key Office Space Available

      2,600 sq ft professional office space for lease.
      15502 S Telegraph, Monroe, MI 48162
      View Details
    • Sponsored
      Contact for pricing

      MI, Monroe - S Monroe St

      428 Monroe St, Monroe, MI 48161
      View Details
    • $2,012/Mo
      2,840 SF

      Monroe Retail Space For Lease

      Retail space available for lease in Monroe, Michigan.
      14930 #131 &132 LaPlaisance, Monroe, MI 48161
      View Details
    • $2,000/Mo
      2,400 SF

      Professional Office Space For Rent

      2400 sq ft office space in high-traffic area.
      1070 S Telegraph Rd, West Monroe, MI 48161
      View Details
    • $1,500/Mo
      1,150 SF

      Medical Suite Near Promedica Hospital

      1150 SF medical suite with reception, exam rooms, parking.
      905 N Macomb St, Monroe, MI 48162
      View Details
    • $992/Mo
      1,400 SF

      Monroe Commercial Space For Rent

      Commercial space available for lease in Monroe, Michigan.
      14930 #130 LaPlaisance, Monroe, MI 48161
      View Details
    • $1,400/Mo
      1,176 SF

      Downtown Monroe Office Space Available

      Office space for rent near Courthouse and City/County offices.
      313 S Monroe St, Monroe, MI
      View Details
    • $2,964/Mo
      2,736 SF

      Renovated Strip Mall Units Available

      Retail and office units available in renovated strip mall.
      986 S Telegraph Road, Monroe Charter Township, MI 48161
      View Details
    • $495/Mo
      676 SF

      Prime Second-Floor Commercial Office Space

      Move-in ready office space in a historic downtown building.
      25 Washington St, Monroe, MI
      View Details
    • $1,300/Mo
      1,219 SF

      Retail Space in High Traffic

      1,219 SF retail space in high-traffic Monroe location.
      1066 Telegraph, Monroe, MI 48161
      View Details
    • $11 SF/Yr
      1,000 SF

      Retail Strip Center Space Available

      Retail and office spaces for lease in high-traffic Monroe.
      1200-1226 S Telegraph Rd, Monroe, MI
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile industrial space featuring crane, offices, and warehouse areas.
    Where is this flex space located?
    The property is located at 550 Ternes Drive Monroe, MI.
    What are key features of this property?
    This property features: Zoned I‑2 (General Industrial) allowing for a wide range of manufacturing, warehousing, and distribution uses.; Warehouse equipped with a **10‑ton crane** and **four large overhead doors**.; Well‑appointed office area including multiple private offices, a conference room, and a kitchenette.
    (810) 599-1469
    We can help!
    Listing Contact
    Trevor Brooks
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    550 Ternes Drive, Monroe, MI 48162
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!