Monroe St Monroe, MI 48162
- Commercial real estate
- 0.49 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Monroe St
- Year built
- 1968
- Lot size
- 0.49 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located on N Monroe Street in Monroe, MI, presents a compelling investment opportunity. The property encompasses a substantial 4800 square feet of building space situated on a generous 0.49-acre lot. Currently occupied by a month-to-month tenant, this offers immediate income potential for investors. Alternatively, the property is well-suited for owner-occupancy, allowing businesses to establish a strong presence in a thriving area. The current tenant provides a stable income stream, offering flexibility for future plans. The property's assessed value by Frenchtown Township is significantly higher than the asking price of $375,000, making this a potentially lucrative investment with significant upside. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The substantial lot size provides ample space for expansion or future development, adding to its long-term value. Don't miss this chance to acquire a high-value commercial property in a desirable location at a price significantly below market assessment. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Monroe
- State
- Michigan
- Longitude
- -83.3964
- Latitude
- 41.9181
