15583 Dixie HwyMonroe, MI 48161

Property Details for 15583 Dixie Hwy

Lot size

0.56 AC

Property size (Sq ft)

21,856 SF

Property type

Retail properties

Property subtype

Community centers

APN

12-215-001-00

APU

1221500100

Description

This exceptional retail opportunity is located at 15583 S Dixie Hwy in Monroe, Michigan, 48161. Situated within the Townsite Plaza, this property offers a prime corner location boasting high visibility and significant foot traffic. The space, ranging from 950 to 1800 square feet, is perfect for a variety of retail businesses. The plaza underwent substantial facade improvements in 2019, enhancing its curb appeal and attracting customers. The plaza's strategic location is south of a Kroger grocery store, ensuring a steady stream of potential customers. The address is conveniently located on M-125 (S Dixie Hwy) in Monroe Township. The property is part of a multi-tenant shopping center, with a mix of retail and office tenants already established. This is a gross lease, meaning property taxes are included in the rent and are not the responsibility of the tenant. This turnkey solution offers immediate occupancy and a chance to thrive in a well-established commercial center. The property is classified as Class C and offers one available suite. Don't miss this chance to secure a prominent retail space in a thriving Monroe community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,499,981

  6.5%

  $5,076,906

  7%

  $4,714,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,151,914

  Geo Method

  $5,151,914

• Alternative Use

  Use

  Valuation

  Residential

  $4,282,560

  Hospitality

  $3,922,802

  Educational

  $3,263,725

  Medical

  $3,375,970

  Retail

  $5,076,906

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9038

Longitude

-83.409

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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