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    1290 Monroe B Monroe, MI 48162

    Sponsored
    For Sale
    $285,000

    1-Acre Development Site, I-75 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 1-acre agricultural parcel in Monroe, Michigan (48162), is ideally situated adjacent to a Circle K in Frenchtown Township, near the future site of a state-of-the-art self-storage facility. Formerly part of the Kmart site, this property benefits from its location within a thriving medical services corridor, just two miles from Promedica Hospital. This makes it highly attractive for healthcare providers, retailers, or storage businesses seeking a strategic location. The area boasts a desirable blend of commercial and residential neighborhoods, with convenient access to downtown shopping, and numerous national chain restaurants and stores (including Walmart and Meijer) located nearby to the north. The property's proximity to I-75 exit 15 (only four miles away) ensures excellent accessibility for both businesses and customers. An additional acre is also available, presenting a unique opportunity for expansion or further development. This is a prime investment opportunity in a rapidly growing area. The asking price is $285,000.

    Property Features for 1290 Monroe B

    General Information

    Property type
    Farms
    Lot Size
    43,560 SF
    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?
    Farm - 1-Acre Development Site, I-75 Access
    Where is this farm located?
    The property is located at 1290 Monroe B Monroe, MI.
    What is the asking price?
    The asking price for this property is $285,000.
    Request Owner's contact information
    1290 Monroe B 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
    1290 Monroe B Monroe, MI 48162
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