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    2406 Telegraph Rd Monroe, MI 48162

    For Sale
    Contact for pricing

    Prime Retail Development Site in Monroe, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.5-acre commercial land parcel in Monroe, MI (APN: 07 076 0001 00), zoned C-2, presents a remarkable retail development opportunity. Located at 2406 N Telegraph Rd, 48162, this property boasts an ideal location, situated directly north of major retailers including Walmart, Meijer, and Aldi. Its strategic position ensures high visibility and accessibility, surrounded by a dense concentration of national chain restaurants and big-box stores such as Tractor Supply, Lowe's, Kohl's, TJ Maxx, Dunham's, Hobby Lobby, and numerous others including Frenchtown Mall. The property's proximity to these established businesses guarantees significant foot traffic and consumer exposure, making it an attractive proposition for a wide range of commercial ventures. The asking price is $761,000, translating to $184,000 per acre. All utilities are readily available, simplifying the development process. An adjacent 0.65-acre parcel is also available for purchase, providing the potential for expansion up to 2.15 acres, catering to larger-scale development projects. This versatile site is suitable for various commercial uses, including retail storefronts, restaurants, or even a shopping center. This prime location offers unparalleled potential for significant return on investment in a thriving commercial area.

    Property Features for 2406 Telegraph Rd

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre C‑2 zoned commercial lot in Monroe, MI (APN: 07 076 0001 00) at 2406 N Telegraph Rd, 48162.
    • High‑visibility location near Walmart, Meijer, Aldi, and other major retailers.
    • $761,000 asking price ($184,000/acre).
    • All utilities available.
    • Adjacent 0.65‑acre parcel also available for purchase (potential 2.15‑acre development).
    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
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.396268900006
    Latitude
    41.955957627978

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    FAQs

    What type of property is this?
    Land - Prime Retail Development Site in Monroe, MI
    Where is this land located?
    The property is located at 2406 Telegraph Rd Monroe, MI.
    What is the asking price?
    The asking price for this property is $761.
    What are key features of this property?
    This property features: 1.5-acre C-2 zoned commercial lot in Monroe, MI (APN: 07 076 0001 00) at 2406 N Telegraph Rd, 48162.; High-visibility location near Walmart, Meijer, Aldi, and other major retailers.; $761,000 asking price ($184,000/acre).
    (734) 345-2999
    Request Owner's contact information
    2406 Telegraph Rd 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
    2406 Telegraph Rd Monroe, MI 48162
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