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    Neighborhood Retail Center with Signage Title is generated by Realmo AI

    560 N Telegraph Rd, Monroe, MI 48162

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    Single-story brick retail center with 9-foot ceilings, signage, and ample parking across two curb cuts.

    Type:Retail
    Property size:
    11,890 SF
    Lot size:
    0.88 Acres
    Added:
    May 19, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 5 at 2:46 am

    Property Features for 560 N Telegraph Rd

    General Information

    Standard status
    Active
    Size
    11,890 SF
    Lot size
    0.88 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Thomas Fritz
    Thomas Fritz

    Listing agent Thomas Fritz

    Listing office Signature Associates - Toledo

    Listing date May 19, 2026

    Source Cpix.resimplifi

    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 Signature Associates - Toledo

    HighLights

    • 11,890 SF single‑story brick neighborhood shopping center built in 1973
    • 0.88‑acre lot with 300 ft of frontage at the cross street of Fredricks (560 N Telegraph Rd, Monroe, MI)
    • High 9‑foot ceilings, building and pole signage, and a robust steel truss structural system
    • Utilities include 480‑volt power, gas forced‑air heating, and air conditioning
    • Ample parking with 90 spaces across two curb cuts
    • Lease options: 5,594 SF total available under modified gross at $14 rate; up to 4,469 SF contiguous; units include #580 (2,255 SF), #600 (2,214 SF), and #610 (1,025 SF) with 3‑year lease terms; zoned C‑2

    Overview

    This neighborhood shopping center consists of a well-maintained, single-story brick building with a total of 11,890 square feet. The property features a robust steel truss structural system, high 9-foot ceilings, and both building and pole signage. Essential utilities are in place, including 480-volt power, gas forced-air heating, and air conditioning, supporting a range of retail configurations.

    The center sits on a 0.88-acre lot with 300 feet of frontage and convenient access off two curb cuts, with 90 available parking spaces. Located at the cross street of Fredricks on N Telegraph Road in Monroe, Michigan, it offers straightforward visibility for passing and neighborhood traffic.

    Leasing options include total available space of 5,594 square feet, with the ability to configure up to 4,469 square feet contiguous. Individual units are also available on a 3-year lease term, including Unit #580 (2,255 square feet), Unit #600 (2,214 square feet), and Unit #610 (1,025 square feet). Zoned C-2, the property can be a practical fit for retailers seeking flexible unit sizes with on-site parking and utility support for day-to-day operations.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4174737
    Latitude
    41.9189826

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    FAQs

    What type of property is this?
    Shopping center - Single-story brick retail center with 9-foot ceilings, signage, and ample parking across two curb cuts.
    Where is this shopping center located?
    The property is located at 560 N Telegraph Rd Monroe, MI.
    What are key features of this property?
    This property features: 11,890 SF single‑story brick neighborhood shopping center built in 1973; 0.88‑acre lot with 300 ft of frontage at the cross street of Fredricks (560 N Telegraph Rd, Monroe, MI); High 9‑foot ceilings, building and pole signage, and a robust steel truss structural system
    (734) 625-7100
    We can help!
    Listing Contact
    Thomas Fritz
    Thomas Fritz
    Learn More
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    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.

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