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    1290 Moroe St Monroe, MI 48162

    For Sale
    $550,000

    2-Acre Commercial Lot, Ideal Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2-acre commercial land parcel in Monroe, Michigan, presents a unique investment opportunity. Located in Frenchtown Township, adjacent to a Circle K and near the site of a future state-of-the-art self-storage facility, this property boasts a strategic position within a thriving medical services corridor, just two miles from Promedica Hospital. Its proximity to major roadways, including I-75 exit 15 (only four miles away), ensures excellent accessibility. The area offers a blend of commercial and residential development, with nearby shopping, including Walmart and Meijer, and numerous national chain restaurants. The property's location near downtown Monroe provides additional advantages. This parcel offers significant potential for healthcare providers, retailers, or storage businesses seeking a high-visibility location in a growing area. The availability of an additional acre provides expansion possibilities. The asking price is $550,000. The property is located at 1290 N Monroe St A, Monroe, MI 48162.

    Property Features for 1290 Moroe St

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • $550,000 asking price for 2 acres of commercial land.
    • Located at 1290 N Monroe St A, Monroe, MI 48162.
    • Adjacent to Circle K, near Promedica Hospital and I‑75 exit 15.
    • Excellent location in a growing area with nearby retail and residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3871161
    Latitude
    41.9344735

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    FAQs

    What type of property is this?
    Land - 2-Acre Commercial Lot, Ideal Location
    Where is this land located?
    The property is located at 1290 Moroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for 2 acres of commercial land.; Located at 1290 N Monroe St A, Monroe, MI 48162.; Adjacent to Circle K, near Promedica Hospital and I-75 exit 15.
    (734) 345-2999
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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
    1290 Moroe St Monroe, MI 48162
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