The property is a redevelopment site at the former La-Z-Boy World Headquarters in Monroe, Michigan, comprising an office building component and associated office space within a larger former office campus. The site features substantial road frontage across the main parcel and an adjacent secondary parcel, with approximately 1,066 linear feet of frontage on the main parcel and approximately 100 linear feet of frontage on the secondary parcel. The secondary parcel is situated next to a Tim…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026

$420k

$378k – $462k

Submarket $/SF estimate$22.75M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$91/SF

County average, outlier-cleaned · 41 recorded sales of this use type

Observed band · Q1–Q3$40 – $122

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

R-1A

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency21.7

Hair Salon19.9

Spa & Massage15.3

1284 Telegraph Rd Monroe, MI 48162-5163

County assessor · not on file Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby

Address Sale price Sold Size

2717 Telegraph, Monroe, MI 48162-9217 $340,000 Apr 2024 2,792 SF

1492 Monroe, Monroe, MI 48162-4210 $143,000 Nov 2022 2,544 SF

2165 Telegraph, Monroe, MI 48162-8947 $2,200,000 Jun 2021 6,674 SF

2322 Monroe, Monroe, MI 48162-4252 $250,000 Jan 2020 2,310 SF

1505 Dixie, Monroe, MI 48162-5009 $149,000 Aug 2019 6,752 SF

1110 Telegraph, Monroe, MI 48162-3340 $499,000 Jul 2019 3,809 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$3,485,000

84,660 SF

1050 Stewart Rd

OFFICE BUILDING

1050 Stewart Rd, Monroe, MI 48162-4228

View Details
Value Estimation
$780,000

12,588 SF

2757 Dixie Hwy

OFFICE BUILDING

2757 Dixie Hwy, Monroe, MI 48162-5221

View Details
Value Estimation
$850,000

7,448 SF

3500 Monroe St

OFFICE BUILDING

3500 Monroe St, Monroe, MI 48162-9285

View Details
Value Estimation
$290,000

7,243 SF

477 Hbr Ave

OFFICE BUILDING

477 Hbr Ave, Monroe, MI 48162-2784

View Details
Value Estimation
$375,000

6,752 SF

1505 Dixie Dr

OFFICE BUILDING

1505 Dixie Dr, Monroe, MI 48162-5009

View Details
Value Estimation by Request
6,674 SF

2165 Telegraph Rd

OFFICE BUILDING

2165 Telegraph Rd, Monroe, MI 48162-8947

View Details

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Similar in This City for Lease

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Shopping Center with Prominent Signage

C-2 commercial property with modern retail and office suites available immediately.

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Multi-Tenant Office Building For Rent

Multi-tenant office building with ample parking near downtown Monroe.

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Neighborhood Shopping Center with Signage

Retail and office suites are available immediately within a C-2 commercial center.

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MU-1-zoned space includes exam rooms, reception, restroom, and heating and cooling for professional practice.

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Move-In Ready Medical Office Suites

Five suites offer private entrances and parking for patients and employees.

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1284 Telegraph Rd Monroe, MI 48162

Property summary