Property profile

14930 Laplaisance Rd Monroe, MI 48161

FOR LEASE
Strip malls
Property ID
US43-3344886
74,314 SF 17.01 ac lot Built 1987
Entity Owned 9-yr Hold Free & Clear
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14930 Laplaisance Rd, Monroe, MI 48161 For Lease
Contact for pricing 5,280 SF available
14930 Laplaisance Rd, Monroe, MI 48161
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Property summary

AI-generated overview

This exceptional 74,152 square foot retail strip center, located at 14930 Laplaisance Road in Monroe, Michigan, presents a unique investment opportunity. Situated on a generous 16.11-acre lot, this property offers multiple tenancy options, with spaces ranging from a minimum of 446 square feet to a maximum contiguous space of 5,280 square feet. Built in 1989 and zoned for commercial use, the property boasts 14 available spaces, making it ideal for a variety of retail businesses. The center is conveniently located in the Ann Arbor submarket of Monroe County, offering excellent access to a thriving consumer base. The property's below-market lease rates represent a compelling value proposition for prospective tenants. Furthermore, the expansive lot size presents the potential for outlot development, adding significant future value. This property is an excellent opportunity for investors seeking a strong return in a desirable location. The property is located in Monroe, MI, zip code 48161. The property's zoning is commercial.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 74,314 SF
Lot 17.01 ac (740,912 SF)
APN 12-020-261-11
UPID US43-3344886

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
  • Textile Manufacturer Factory
  • Charitable Organization Social Service Agency
  • Law Firm
  • Law Firm
  • Church

Location

14930 Laplaisance Rd Monroe, MI 48161
Monroe metro Census 832500 MONROE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$895k

Owner & transaction history

since 2016
5 recorded transactions
2023
Price N/A
2016
Price N/A
2015
$925,000
2013
$1
2012
$1

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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