15213 Dixie Dr, Monroe, MI 48161
This exceptional 23-acre property in Monroe, MI, presents a lucrative investment opportunity. The main offering is a 6,400 square foot industrial building currently leased to a landscaping company, generating immediate cash flow. The property boasts ample parking with space for 16 vehicles. Adding to the investment potential is an adjacent residential property, also generating rental income, featuring recent upgrades including a new furnace, plumbing, and flooring. Beyond the existing structures, this property includes 10.17 acres of vacant land with multiple access points, ideal for future development or expansion. The remaining acreage comprises the existing buildings and parking area. Several outbuildings are also present on the site, offering additional storage or potential for various uses. This property's combination of existing income streams, development potential, and strategic location makes it an attractive proposition for investors and entrepreneurs seeking a strong return on investment. The property is conveniently located at 15213 S Dixie Highway in Monroe, Michigan. The asking price is $1,550,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.