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Property profile & analytics
OFF-MARKET Estimated value $650,000
Distribution centers

1309 Lorain St Monroe, MI 48162-3394

11,360 SF 0.57 ac lot Built 1963
Entity Owned Free & Clear
Property ID
US43-0283760
Property summary
AI-generated overview

This exceptional light industrial property, located at 1309 W Lorain in Monroe, MI, offers a versatile 11,460 square foot building on a 1.07-acre lot. The property boasts a well-designed layout combining functional workspace with ample storage. A significant 7,250 square feet is dedicated to warehouse space, featuring two truck bays equipped with convenient loading docks. The high ceilings, measuring 14 feet, provide ample vertical space for various industrial needs. For administrative functions, 1,440 square feet of professional office space is included, complete with three private offices and a dedicated conference room, ideal for meetings and collaborative work. The property's strategic location offers easy access to transportation routes. Three-phase electric service is readily available at a pole adjacent to the building, ensuring sufficient power for industrial operations. Adding to its appeal, an additional half-acre parcel across the street is included, providing valuable extra space for parking or potential expansion. Flexible financing options, including land contract terms, are available to facilitate a smooth acquisition process. This property presents a unique opportunity for businesses seeking a well-equipped and strategically located industrial space. The combination of office and warehouse space, along with the additional land, makes this an attractive investment.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1963
Total area 11,360 SF
Lot 0.57 ac (24,960 SF)
Zoning code R-1A
APN 55-69-01029-000
UPID US43-0283760
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Linc Medical Systems Production Facility
  • Swift Restoration Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$651k
Blend (final) Blend
$650k
Owner & transaction history
Crossman Brothers LLC
Crossman Brothers LLC
since 2026
2 recorded transactions
2026
Price N/A
2018
Price N/A
Zoning & alternative use
R-1A · Monroe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.0M +47.8%
Commercial (general) $960,000 +36.9%
Restaurant $905,000 +29.2%
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