1395 Telegraph Rd Monroe, MI 48162-3359
- Turn key restaurants
- 5,690 SF
- 0.92 lot acres
Current Use by Public Records
- RED E Charging Station / Electric Vehicle Charging Station
- Rice N Shine Buffet / Buffet Restaurant / Asian Fusion Restaurant
Property Details for 1395 Telegraph Rd
- Year built
- 1978
- Lot size
- 0.92 lot acres
- Property size
- 5,690 SF
- Property type
- Turn key restaurants
- APN
- 07-945-003-20
- APU
- 794500320
Description
This exceptional 5,782 sq ft storefront, located at 1395 N Telegraph Rd in Monroe, MI (48162), is available for $1,500,000. Currently 100% occupied by a restaurant (vacating soon), this Class C property sits on a 0.92-acre lot (APN: 07 945 003 20) and offers a 6.00% cap rate. The single-tenant, NNN-leased building enjoys a prime location directly across from Monroe Mall, benefiting from high visibility and traffic on busy US-24. Its excellent condition and spacious layout present a remarkable redevelopment opportunity for visionary entrepreneurs. The property's easy access and proximity to numerous national chain restaurants create a dynamic and attractive environment for businesses. This is a rare chance to acquire a versatile space in a sought-after commercial area, poised for significant future growth. The property is offered as a fee simple ownership by an LLC. The building is currently vacant and ready for immediate redevelopment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Monroe
- State
- Michigan
- Longitude
- -83.4057
- Latitude
- 41.9409
- CBSA code
- 33780
- CBSA name
- MONROE, MI METROPOLITAN STATISTICAL AREA
