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    OFF-MARKET
    Industrial properties

    15213 Dixie Dr, Monroe, MI 48161

    6,400 SF 10.17 ac lot Built 1950
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1950
    Total area 6,400 SF
    Lot 10.17 ac (443,005 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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