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    Monroe St Monroe, MI 48162

    For Sale
    $599,000

    10.7 Acres, High Visibility, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 10.7-acre commercial land parcel presents a unique investment opportunity in Monroe, Michigan. Located at 0 N Monroe St, 48162, this property boasts a highly desirable location just south of the Frenchtown Mall, placing it within close proximity to numerous healthcare facilities and a hospital. The site's high visibility ensures excellent exposure for any development. The permitted zoning is commercial, making it ideal for a variety of professional developments. A significant advantage is the presence of a private drive traversing the property, offering convenient internal access and potential for efficient site planning. The asking price for this owner-financed, privately owned land is $599,000. This expansive lot presents a compelling opportunity for developers seeking a strategically located site with significant potential for growth and return on investment in a thriving area of Monroe County. The property is currently vacant and ready for immediate development. Serious inquiries are encouraged.

    Property Features for 0 Monroe St

    General Information

    Property type
    Land
    Lot Size
    466,092 SF

    HighLights

    • 10.7‑acre commercial land parcel in Monroe, MI (48162), located south of Frenchtown Mall.
    • High‑visibility location near healthcare facilities and a hospital.
    • Commercially zoned, ideal for various professional developments.
    • Features a private drive for convenient internal access.
    • Owner‑financed, asking price $599,000.
    • Vacant and ready for immediate development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.387343880204
    Latitude
    41.940115130958

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    FAQs

    What type of property is this?
    Land - 10.7 Acres, High Visibility, Development Ready
    Where is this land located?
    The property is located at Monroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 10.7-acre commercial land parcel in Monroe, MI (48162), located south of Frenchtown Mall.; High-visibility location near healthcare facilities and a hospital.; Commercially zoned, ideal for various professional developments.
    (734) 345-2999
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    Monroe St Monroe, MI 48162
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    Monroe, MI 48162
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    Realmo Value Estimation

    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.

    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.

    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
    Monroe St Monroe, MI 48162
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