1200 Telegraph RdMonroe, MI 48162

Property Details for 1200 Telegraph Rd

Year built

2005

Lot size

5.55 AC

Property size (Sq ft)

20,400 SF

Property type

Retail properties

Property subtype

Community centers

APN

12-020-068-00

APU

1202006800

Description

This 20,400 square foot retail and office strip center, built in 2005, offers multiple suite options ranging from 1,275 to 3,918 contiguous square feet. Currently, 3,918 square feet are vacant, providing immediate occupancy potential. The property features masonry block/brick construction, 60-foot deep bays, gas-forced air heating, and rooftop central air conditioning. Located on South Telegraph Road in Monroe Township, Michigan, this high-traffic area sees 19,100 vehicles daily. The center boasts a diverse tenant mix including Edward Jones, Armed Forces, Nutrition Shop, Donna Salon and Spa, Visionary Eye Care, Orient Massage Therapy, and Lawyers Title Agency. The property is zoned C-2 and is situated in Monroe County, within the SE Michigan submarket. Available spaces are adaptable for various uses, including retail, professional office, and restaurant spaces. Some units feature existing, nicely finished office build-outs. This property presents a compelling investment opportunity in a thriving commercial corridor. The address is 1200-1226 S. Telegraph Road, Monroe, MI 48162, near Meadowbrook.

• CAP approach

  CAP return

  Valuation

  6%

  $5,133,584

  6.5%

  $4,738,693

  7%

  $4,400,215

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,808,704

  Geo Method

  $4,808,704

• Alternative Use

  Use

  Valuation

  Residential

  $3,997,265

  Hospitality

  $3,661,473

  Educational

  $3,046,302

  Medical

  $3,151,070

  Retail

  $4,738,693

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9104

Longitude

-83.4233

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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