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    Russell Sage Rd & Frontage Rd Monroe, LA 71203

    For Sale
    $5,975,000

    239 Acres, I-20 Frontage, Monroe, LA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Millhaven South presents a significant 239-acre industrial land opportunity in Monroe, Louisiana. Strategically located at the Russell Sage Road and Interstate 20 interchange, this expansive site boasts dual road frontage, offering exceptional visibility and accessibility. Its prime location provides easy access to Interstate 20, making it ideal for various uses, including manufacturing, third-party logistics, research facilities, and e-commerce operations. The high visibility and frontage road access also make it suitable for retail and commercial development. The property is conveniently situated five miles from the Monroe Regional Airport and eight miles east of downtown Monroe. This location benefits from a substantial population base within a five-hour drive time, estimated at nearly 20 million people. Utilities are readily available, including city water, electricity, natural gas, and telecommunications. Its proximity to Monroe's existing retail district positions Millhaven South to potentially become a leading shopping destination for westbound I-20 travelers entering Louisiana. The asking price is $5,975,000, translating to $25,000 per acre. The property's APN numbers are 0104708

    Property Features for 0 Russell Sage Rd & Frontage Rd

    General Information

    Property type
    Land
    Lot Size
    10,410,840 SF

    HighLights

    • 239‑acre industrial site in Monroe, LA.
    • Excellent I‑20 access with dual road frontage.
    • Five miles from Monroe Regional Airport.
    • Eight miles east of downtown Monroe.
    • Serves a population of nearly 20 million within a five‑hour drive.
    • High visibility along I‑20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -91.9912332
    Latitude
    32.4860871

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    FAQs

    What type of property is this?
    Land - 239 Acres, I-20 Frontage, Monroe, LA
    Where is this land located?
    The property is located at Russell Sage Rd & Frontage Rd Monroe, LA.
    What is the asking price?
    The asking price for this property is $5,975,000.
    What are key features of this property?
    This property features: 239-acre industrial site in Monroe, LA.; Excellent I-20 access with dual road frontage.; Five miles from Monroe Regional Airport.
    Request Owner's contact information
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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
    Russell Sage Rd & Frontage Rd Monroe, LA 71203
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