Property profile

0 Monroe St Monroe, MI 48162

OFF-MARKET
Land
10.7 ac lot
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Property summary

AI-generated overview

This exceptional 10.7-acre commercial land parcel presents a unique investment opportunity in Monroe, Michigan. Located at 0 N Monroe St, 48162, this property boasts a highly desirable location just south of the Frenchtown Mall, placing it within close proximity to numerous healthcare facilities and a hospital. The site's high visibility ensures excellent exposure for any development. The permitted zoning is commercial, making it ideal for a variety of professional developments. A significant advantage is the presence of a private drive traversing the property, offering convenient internal access and potential for efficient site planning. The asking price for this owner-financed, privately owned land is $599,000. This expansive lot presents a compelling opportunity for developers seeking a strategically located site with significant potential for growth and return on investment in a thriving area of Monroe County. The property is currently vacant and ready for immediate development. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 10.7 ac (466,092 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Monroe St Monroe, MI 48162
Monroe metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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