1038 Telegraph Rd Monroe, MI 48162-5131

Property Details for 1038 Telegraph Rd

Year built

1945

Construction

WOOD FRAME

Lot size

0.44 lot acres

Property size

3,948 SF

Zone code

R-1A

Property type

Commercial real estate

APN

55-69-00747-000

APU

556900747000

Description

This exceptional 5,768 square foot industrial office center in Monroe, MI, is strategically located on US-24, boasting high visibility with a daily traffic count exceeding 30,000 vehicles. The property sits on a 0.44-acre lot and features three 2,000 square foot suites, currently two of which are leased to an insurance office and a veterinary clinic, generating a substantial potential annual rental income of $66,000. The building offers ample parking and a prominent pole sign for enhanced brand visibility. The current Net Operating Income (NOI) stands at $45,480, presenting a strong return on investment. This property is situated within an Opportunity Zone, offering potential tax advantages. The building's prime location and existing tenancy make it an attractive investment opportunity for those seeking a stable income stream and significant upside potential. The existing tenants provide a solid foundation for continued growth and profitability. The property's size and layout offer flexibility for future expansion or adaptation to meet evolving business needs. This is a rare opportunity to acquire a well-established and profitable commercial property in a high-traffic area. The combination of strong tenancy, high visibility, and Opportunity Zone designation makes this a compelling investment proposition.