Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Monroe, MI Title is generated by Realmo AI

    N RAISINVILLE LOT 4 Road, Monroe, MI 48162

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at N RAISINVILLE LOT 4 Road, Monroe, MI
    Pending
    $74,900

    LAND - Monroe, MI

    Lot size:
    2.14 Acres
    Added:
    Dec 10, 2021
    Days on Market:
    1634
    Last Refresh:
    Jun 1 at 8:06 pm

    Property Features for N RAISINVILLE LOT 4 Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    2.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1000

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Alan Haynes
    Alan Haynes

    Listing agent Alan Haynes License #6502134087

    Listing office Coldwell Banker Haynes R.E. in Monroe 15489 S Telegraph Rd., MI

    Listing date Dec 10, 2021

    MLS# 50062462 Listing URL

    Copyright © 2026 Southeastern Border Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Public water source available.
    • Vacant land ready for your custom build.
    • Minimum square footage requirements for new construction (one story: 1600 sq ft).
    • Minimum square footage requirements for new construction (1.5 story: 1900 sq ft).
    • Minimum square footage requirements for new construction (two story: 2200 sq ft).
    • No manufactured homes allowed.

    Overview

    This residential land listing in Monroe, MI, is subject to specific building requirements. Manufactured homes are prohibited on this property. Minimum square footage requirements are in place: at least 1600 square feet for a one-story home, 1900 square feet for a 1.5-story home, and 2200 square feet for a two-story home. The lot size is 2.14 acres. Summer and winter tax bills are estimated. No perk tests have been completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4663758
    Latitude
    41.9372215

    Nearby Similar for Sale

    • $2,000,000
      8,000 SF

      Turnkey Supermarket Opportunity on Dixie Hwy

      Profitable, established supermarket business and real estate for sale.
      9875 S Dixie Highway, Monroe, MI 48133
      View Details
    • $175,000
      1,115 SF

      Monroe Commercial Property For Sale

      Well-maintained commercial property with two fully occupied retail units.
      127/129 Bentley Drive, Monroe, MI 48162
      View Details
    • $599,000
      5,532 SF

      Monroe Multi-Unit Income Property

      Multi-unit property with income potential in Monroe, Michigan.
      3778 N Custer Road, Monroe, MI 48162
      View Details
    • $1,500,000
      14,580 SF

      Versatile Commercial Building in Monroe

      Multifunctional 14,580 sq ft building in high-traffic area.
      1065 N Telegraph Road, Monroe, MI 48162
      View Details
    • $650,000
      3,983 SF

      Versatile Commercial Building on Corner

      Office, retail, or mixed-use building in high-traffic area.
      1110 N Telegraph Road, Monroe, MI 48162
      View Details
    • $1,200,000

      Monroe Car Wash Development Opportunity

      Prime 1.3-acre MU-2 zoned property in vibrant retail district.
      227 Stewart Road, Monroe, MI 48162
      View Details
    • $199,900

      Monroe Commercial Land Opportunity

      Shovel-ready commercial land with approvals in high-traffic area.
      704 N TELEGRAPH Road, Monroe, MI 48162
      View Details
    • $899,999
      4,150 SF

      High-Visibility Corner Commercial Building

      4,150 SF building on 1.5 acres with high traffic exposure.
      15530 S Telegraph Rd, MonroeCharterTownship_Monroe, MI 48161
      View Details
    • $259,000
      2,090 SF

      Commercial Land in Monroe, MI

      Commercial property with high visibility and diverse income strategies.
      1090 N Dixie Highway, Monroe, MI 48162
      View Details
    • $459,900
      6,550 SF

      Professional Building in High-Visibility Corridor

      Well-maintained commercial building with strong income and high visibility.
      750 S Monroe St, Monroe, MI 48161
      View Details
    • $850,000
      20,587 SF

      Versatile Commercial Property in Monroe

      20,587 sq ft building on 6.5 acres.
      8771 Ida Maybee Road, Monroe, MI 48162
      View Details
    • $169,000
      2,013 SF

      Spacious Two-Unit Home, Monroe, MI

      Two-unit home with income potential near city conveniences and I-75.
      68 Navarre Street, Monroe, MI 48161
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Monroe, MI. Minimum square footage requirements.
    Where is this residential land & home lot located?
    The property is located at N RAISINVILLE LOT 4 Road Monroe, MI.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Public water source available.; Vacant land ready for your custom build.; Minimum square footage requirements for new construction (one story: 1600 sq ft).
    (734) 735-9393
    We can help!
    Listing Contact
    Alan Haynes
    Alan Haynes
    Real Estate License ID: 6502134087
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    N RAISINVILLE LOT 4 Road, Monroe, MI 48162
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!