Technical
Financial
Distress signals
Property profile

1309 Lorain St Monroe, MI 48162

OFF-MARKET
Distribution centers
Property ID
US43-0283760
11,360 SF 0.57 ac lot Built 1963
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Production Facility
  • Construction Company General Contractor

Location

1309 Lorain St Monroe, MI 48162-3394
Monroe metro Census 831400 MONROE, MI METROPOLITAN STATISTICAL AREA
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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

since 2026
2 recorded transactions
2026
Price N/A
2018
Price N/A

Zoning & alternative use

R-1A · Monroe, MI
Top alternative use upside
Office building $1.0M +47.8%
Commercial (general) $960,000 +36.9%
Restaurant $905,000 +29.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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