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    6820 Monroe Blvd Taylor, MI 48180

    Sponsored
    For Sale
    $3,000,000

    6,070 SF Retail Building, $3M

    Property size:
    6,070 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,070 square foot retail building, located at 6820 Monroe Boulevard in Taylor, Michigan (48180), presents a unique investment opportunity. Built in 1947, this single-story structure sits on a parcel with APN 60-008-99-0021-700 and is zoned for retail dispensary use. The asking price is $3,000,000, translating to $494.23 per square foot. The property boasts ample parking and is strategically positioned as one of the few non-industrial park locations near the retail-centric Ecorse Road. The City of Taylor is anticipated to adopt a recreational cannabis ordinance in Spring 2023, making this a prime location for cannabis-related businesses. This is a cash sale only

    Property Features for 6820 Monroe Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    6,070 SF

    Building Details

    Year Built
    1947
    Buildings
    1
    Stories
    1

    HighLights

    • 6,070 SF Retail Building Available
    • Zoned for Retail Dispensary Use
    • Ample Parking
    • Taylor, MI Expected to Approve Recreational Cannabis Ordinance Spring 2023
    • Prime Retail Location Near Ecorse Road, Outside Industrial Park
    • Cash Sale Only, No Financing
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2509771
    Latitude
    42.2589426

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    FAQs

    What type of property is this?
    Retail property - 6,070 SF Retail Building, $3M
    Where is this retail property located?
    The property is located at 6820 Monroe Blvd Taylor, MI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 6,070 SF Retail Building Available; Zoned for Retail Dispensary Use; Ample Parking
    (248) 359-0623
    Request Owner's contact information
    6820 Monroe Blvd Taylor, MI 48180
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    Taylor, MI 48180
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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
    6820 Monroe Blvd Taylor, MI 48180
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