1491 Monroe St Monroe, MI 48162
- Commercial real estate
- 2,190 SF
- 2.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1491 Monroe St
- Lot size
- 2.00 lot acres
- Property size
- 2,190 SF
- Property type
- Commercial real estate
Description
This exceptional redevelopment opportunity encompasses two parcels, 1491 & 1505 N Monroe St, totaling two acres in Monroe, Michigan (48162). The combined property offers 2,190 square feet of existing retail space, presenting a unique chance to revitalize an established location. Situated on busy North Monroe Street near Stewart Road, this high-traffic area ensures excellent visibility and accessibility. The strategic location benefits from proximity to key businesses and amenities, including a Honda dealership, La-Z-Boy headquarters, ProMedica hospital, and the Monroe Country Club, guaranteeing a strong customer base. The property is zoned C-3 Commercial, allowing for a wide range of development possibilities. This presents a significant advantage for investors seeking to capitalize on the area's growth potential. An additional acre of land is available for purchase separately or in conjunction with the existing two acres, providing flexibility for expansion or future development. This is an ideal investment for developers seeking a prime location with high visibility and significant redevelopment potential in a thriving community. The existing structures offer a solid foundation for a variety of commercial ventures, making this a truly unique and compelling opportunity.
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
- -83.3889332
- Latitude
- 41.9381962
