471 Monroe StMonroe, MI 48162

  • Land
  • 0.29 AC
For Sale
$59,900 View listing

Property Details for 471 Monroe St

Lot size
0.29 AC
Zone code
R-1A
Property type
Land
Property subtype
Commercial land
APN
55-69-01386-000
APU
556901386000

Description

This exceptional .29-acre parcel, located at 471 N Monroe in Monroe, Michigan, presents a unique investment opportunity. Zoned C-1 Commercial, this property is ideally situated and ready for development. All utilities are readily available, eliminating the complexities and delays often associated with new construction projects. The site is primed for immediate development, having already cleared the initial hurdle of site plan approval with the City of Monroe. This significantly reduces the time and resources required to begin construction, making it an attractive proposition for developers seeking a swift and efficient project launch. The property's convenient location within Monroe County, Michigan, offers easy access to major transportation routes and a thriving local economy. With its prime zoning and utility access, this land is perfectly suited for a variety of commercial ventures. The asking price of $59,900 represents a compelling value for a ready-to-develop commercial lot in a desirable location. This is a rare opportunity to acquire a strategically positioned property with minimal upfront hurdles, allowing for a rapid return on investment. The 48162 zip code ensures convenient access to local amenities and a strong workforce. Don't miss this chance to secure this exceptional commercial land parcel.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,475,169
    Hospitality
    $2,267,242
    Educational
    $1,886,318
    Medical
    $1,951,192
    Retail
    $2,934,273
471 Monroe St, Monroe, Michigan
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Location Insight

City
Monroe
County
Monroe
State
Michigan
Latitude
41.9235
Longitude
-83.3941
CBSA code
33780
CBSA name
MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,951
-
-
$31,420
-
-
-
$62,840

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